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Bay Colony

VIRGINIA BEACH, VA 23451

Real Estate Market Report
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
136
⇧ 5.4% vs 129 last year
Pending
2
1% pending ratio
Median Price
$695,000
⇧ 6.4% vs $653,180 last year
Average Price
$992,741
⇩ 7.3% vs $1,071,493 last year
Days on Market
50
⇩ 15.3% vs 59 days last year

Market Context

Population: 43,641  ·  Density: 852.5/mi²  ·  Median household income: $93,172

Typical home value: $539,823  ·  Homeownership: 52.3%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The VIRGINIA BEACH, VA real estate market (23451) currently shows 136 active listings, with 2 pending sales. Homes are averaging 50 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are selling faster, averaging 50 days on market compared to 59 days last year.

The median listing price has risen 6.4% year-over-year, from $653,180 to $695,000.

Whether you are buying or selling in VIRGINIA BEACH, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 136 this year vs 129 last year
  • Days on market: 50 now vs 59 last year

Median & Average Pricing

Year over Year
  • Median: $695,000 (+6.4% YoY)
  • Average: $992,741 (-7.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 17.2 miles — 765 listings ($395,325,738 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23451Virginia Beach, VA 234510.0 mi136$135,012,776$695,000$992,741
23452Virginia Beach, VA 234525.0 mi50$24,090,800$377,500$481,816
23453Virginia Beach, VA 234537.1 mi34$13,438,636$362,450$395,254
23462Virginia Beach, VA 234628.3 mi76$36,130,400$330,000$475,400
23464Virginia Beach, VA 2346410.8 mi73$31,454,021$424,500$430,877
23518Norfolk, VA 2351812.0 mi88$44,206,008$395,000$502,341
23325Chesapeake, VA 2332513.4 mi18$5,699,880$299,999$316,660
23320Chesapeake, VA 2332014.3 mi95$41,889,300$425,000$440,940
23523Norfolk, VA 2352314.9 mi12$3,965,508$330,000$330,459
23324Chesapeake, VA 2332415.7 mi55$16,439,995$290,000$298,909
23510Norfolk, VA 2351015.8 mi40$16,822,480$327,250$420,562
23507Norfolk, VA 2350716.4 mi21$9,285,234$250,000$442,154
23704Portsmouth, VA 2370417.2 mi67$16,890,700$259,900$252,100

Frequently Asked Questions

How many homes are for sale in VIRGINIA BEACH, VA 23451?

As of January 2026, there are 136 active listings in VIRGINIA BEACH, VA (zip code 23451), compared to 129 the prior year.

What is the median home price in VIRGINIA BEACH, VA 23451?

The median listing price in VIRGINIA BEACH, VA 23451 is $695,000 as of January 2026, a 6.4% increase from $653,180 the prior year.

How long do homes stay on the market in VIRGINIA BEACH, VA?

Homes in VIRGINIA BEACH, VA 23451 spend an average of 50 days on the market before going under contract, compared to 59 days the prior year.

Is it a seller's or buyer's market in VIRGINIA BEACH, VA 23451?

Based on current inventory and days-on-market data as of January 2026, VIRGINIA BEACH, VA 23451 is currently a Balanced Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are selling faster, averaging 50 days on market compared to 59 days last year.

How much can I save on real estate commission in VIRGINIA BEACH, VA?

With SELL123.com's maximum 3% commission, sellers in VIRGINIA BEACH, VA 23451 save an estimated $13,900 compared to a typical 5% commission on the median listing price of $695,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.