Virginia Beach

Virginia Beach remains a competitive, growing market in early 2025. The average home value is approximately $404,000 (up ~4% YoY) and homes typically go pending in about 29–32 days. Median sale prices hover around $400,000, with sale-to-list ratios close to 100%, indicating balanced but strong demand. Inventory is tight—with around 1,100+ active listings—but has increased by roughly 20–23% YoY. Price per square foot ranges from $200 to $230. Average rent is about $1,894/month, up ~5.3% YoY. The forecast indicates modest growth (~3% by year-end). Popular neighborhoods include Sandbridge, North Beach, and Green Run.