Virginia Beach Home Prices Rise Even as More Homes Hit the Market

More homes are available than a year ago

Buyers in the Virginia Beach-Chesapeake-Norfolk metro have meaningfully more options than they did a year ago. Active listings grew 14.7% year-over-year—nearly triple the national gain of just 5.4%. That gap is significant.

Sellers are also listing at a faster clip, with new listings up 8.3% year-over-year while supply nationally shrank 0.7%. If you’re selling here, more competition on the market means pricing and presentation carry real weight.

Local list prices climbed while national prices dipped

Virginia Beach bucked the national trend—the median list price here reached $429,950, up 4.9% year-over-year, while the national median slipped 1.4% over the same period. More homes on the market didn’t slow price growth.

Price reductions still exist—21.6% of listings carried one—but that share actually fell 1.9 percentage points compared to a year ago while the national rate rose. Sellers here appeared to be regaining pricing confidence, even as buyers can still find deals if they look.

Homes moved at the same brisk pace as last year

If you’re buying here, speed still matters. The median days on market held at 44 days—unchanged from a year ago and 17 days faster than the national median of 61 days. Well-priced homes didn’t sit long.

This market report has been generated with AI tools, with input from Realtor.com Economic Data Manager Sabrina Speianu. Data reflects September 2026 MLS activity.

Use the Realtor.com housing data portal to get more market data.