Virginia Beach Real Estate Trends & Statistics

Virginia Beach Median List Price

$265,000

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Virginia Beach Market Snapshot

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	Today	1 Month Ago		1 Year Ago
Total Inventory	2,429	2,321	5%	2,562	5%
Median List Price	$265,000	$260,000	2%	$250,000	6%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	3%	4%		4%
Median DOM	56	56		72	22%
Median House Size	1,815	1,800	1%	1,800	1%
Median $/Sqft	$144/sqft	$142/sqft	1%	$140/sqft	3%

	Today	1 Month Ago		1 Year Ago
Total Inventory	1,488	1,412	5%	1,546	4%
Median List Price	$319,900	$319,000		$325,000	2%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	3%	3%		4%
Median DOM	52	55	5%	70	26%
Median House Size	2,196	2,200		2,214	1%
Median $/Sqft	$151/sqft	$148/sqft	2%	$147/sqft	3%

	Today	1 Month Ago		1 Year Ago
Total Inventory	941	909	4%	1,016	7%
Median List Price	$175,000	$179,900	3%	$169,900	3%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	5%	5%		5%
Median DOM	60	61	2%	77	22%
Median House Size	1,460	1,452	1%	1,400	4%
Median $/Sqft	$127/sqft	$128/sqft	1%	$127/sqft

Virginia Beach Market Data

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	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	149	17	58	47	281	691	378
New Listings	559	492	483	693	760	856	901
Sold/Expired	672	496	377	365	275	525	771

	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	92	14	36	21	158	431	242
New Listings	346	316	280	453	509	531	599
Sold/Expired	387	285	226	221	172	316	500

	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	57	3	22	26	123	260	136
New Listings	213	176	203	240	251	325	302
Sold/Expired	285	211	151	144	103	209	271

Virginia Beach, Virginia real estate market statistics are calculated by Movoto every day from various sources so that you can stay up-to-date with trends in the Virginia Beach homes for sale market. Movoto displays information on foreclosures, short-sales, and REO (real estate owned) properties in both charts and graphs so that you can see the percentage of distressed listings in Virginia Beach. Movoto is your comprehensive source for Virginia Beach property information. Where possible, Movoto uses the Active listing data from MRIS, Real Estate Information Network to calculate the Total Active Inventory, Median List Price, % Distressed, Median Days on Market, Median House size by livable square feet, Median Price per Sq.Ft (which is calculated by dividing Median House Size by Median Sq. Ft. of Active listings), and Price per Sq. Ft (which is calculated by dividing the specific Sq. Ft of the home by the current price of the home). We try to display data that is as accurate as possible, but we cannot guarantee the accuracy of our statistics. The data on this page is for informational purposes only.

Virginia Beach, VA Market Overview

Inventory: 2,429 Recently Sold: 771 New Listings: 901 Distressed: 3

Virginia Beach's home resale inventories increased slightly, with a 5 percent increase since April 2013. Distressed properties such as foreclosures and short sales decreased as a percentage of the total market in May. The median listing price in Virginia Beach went up from April to May. There were a total of 61 price increases and 378 price decreases.

Updated: 05/01/2013

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Nearby Homes for Sale

3344 Eagle Nest Pt, Virginia Beach, VA