Virginia Beach, VA metro area Housing Market
Warm MarketComprehensive housing market data for the Virginia Beach, VA metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$367K
↑ 5.0% YoY
Days on Market
36 days
↑ 5.9% YoY
Active Inventory
4,306
↓ 12.9% YoY
Homes Sold
2,176
↑ 9.5% YoY
Warm Market
The market is active with moderate buyer demand.
Virginia Beach, VA metro area Market Summary
The Virginia Beach, VA metro area housing market is heating up. As of March 2026, the median home sale price is $367K, up 5.0% year-over-year. Homes are spending a median of 36 days on the market, 5.9% longer than a year ago.
There are 4,306 homes for sale — 12.9% fewer than last year. With 2.0 months of supply, this is a seller's market. 2,880 new listings were added during this period, up 2.7% year-over-year.
Homes are selling for 99.3% of their list price on average, suggesting room for negotiation. 33.4% of homes sell above their asking price. 22.1% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
57
Contributing Factors
How This Market Compares
vs. National Median
vs. Virginia Median
Investor Takeaway
A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 16% below the national median, which could indicate stronger cash flow potential.
Virginia Beach, VA metro area Market Trends
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Detailed Market Metrics
Median List Price
$395K
Price per Sq Ft
$215
Sale-to-List Ratio
99.3%
Months of Supply
2.0
Sold Above List
33.4%
Price Drops
22.1%
New Listings
2,880
↑ 2.7% YoY
Pending Sales
2,822
Off Market in 2 Weeks
52.9%
Other Markets in Virginia
Richmond, VA metro area
$405K · 26d on market
Roanoke, VA metro area
$286K · 34d on market
Lynchburg, VA metro area
$305K · 32d on market
Charlottesville, VA metro area
$475K · 45d on market
Winchester, VA metro area
$383K · 60d on market
Staunton, VA metro area
$346K · 41d on market
Blacksburg, VA metro area
$285K · 60d on market
Harrisonburg, VA metro area
$334K · 56d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.