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Connie Melton
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Virginia Beach Market Report

$472,175

AVERAGE PRICE OF 2,360 HOMES

$247,260

AVERAGE PRICE OF 82 DISTRESSED HOMES

$1,775,192

AVERAGE PRICE OF 155 MULTI-MILLION DOLLAR HOMES

$554,290

AVERAGE PRICE OF 365 NEWLY BUILT HOMES

$866,901

AVERAGE PRICE OF 258 HOMES WITH A POOL

$418,670

AVERAGE PRICE OF 57 REDUCED PRICE HOMES

Average Home

Average Price $472,175
Avg Bedrooms 3.37 beds
Avg Bathrooms 2.29 baths

Average Price by Bedrooms

1 bedroom $203,866
2 bedrooms $232,063
3 bedrooms $326,586
4 bedrooms $487,480
5 bedrooms $781,256
Virginia Beach Home Price Trends
  3/2020 2/2020 1/2020 12/2019 11/2019
Total Listings 2,343 2,180 1,995 2,234 2,561
Average Price $470,728 $479,094 $492,512 $486,044 $475,180
Avg Price Change -1.78% -2.80% +1.33% +2.29% +1.89%
Median Price $338,992 $330,754 $341,071 $337,939 $333,500
Med Price Change +2.49% -3.12% +0.93% +1.33% +1.98%
Avg Bedrooms 3.37 beds 3.35 beds 3.38 beds 3.37 beds 3.38 beds
Avg Bathrooms 2.3 baths 2.29 baths 2.29 baths 2.3 baths 2.3 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bayside 240 $278,879 70 days
First Colonial 293 $679,259 103 days
Frank W. Cox 400 $730,976 114 days
Kellam 358 $564,448 138 days
Salem 227 $305,451 86 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 2,360 $472,175 90 days
Distressed Homes 82 $247,260 100 days
Multi-Million Dollar Homes 155 $1,775,192 202 days
Newly Built Homes 365 $554,290 122 days
Homes with a Pool 258 $866,901 103 days
Reduced Price Homes 57 $418,670 146 days