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Hilltop Shopping Area

VIRGINIA BEACH, VA 23451

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

Neighborhoods in ZIP 23451

Hilltop Shopping Area

Market Analysis

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

The VIRGINIA BEACH, VA real estate market (23451) currently shows 172 active listings, with 1 pending sales. Homes are averaging 33 days on the market before going under contract.

Inventory has increased compared to last year, with 27 more homes available — giving buyers more choice.

Homes are selling faster, averaging 33 days on market compared to 38 days last year.

The median listing price has risen 3% year-over-year, from $700,000 to $721,175.

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 Context

Market Context

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

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

Market Overview

Active Listings
172
⇧ 18.6% vs 145 last year
Pending
1
1% pending ratio
Median Price
$721,175
⇧ 3% vs $700,000 last year
Average Price
$1,032,108
⇩ 3.5% vs $1,070,064 last year
Days on Market
33
⇩ 13.2% vs 38 days last year

Price Per Square Foot

Median $/sqft
$398
⇧ 5% vs $379/sqft last year
Median Home Size
1,992 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 172 this year vs 145 last year
  • Days on market: 33 now vs 38 last year

Median & Average Pricing

Year over Year
  • Median: $721,175 (+3% YoY)
  • Average: $1,032,108 (-3.5% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 17.2 miles — 734 listings ($388,898,480 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23451Virginia Beach, VA 234510.0 mi139$143,254,651$722,450$1,030,609
23452Virginia Beach, VA 234525.0 mi52$26,635,232$382,000$512,216
23453Virginia Beach, VA 234537.1 mi43$16,420,281$336,000$381,867
23462Virginia Beach, VA 234628.3 mi64$28,094,080$318,000$438,970
23464Virginia Beach, VA 2346410.8 mi64$26,882,176$405,000$420,034
23518Norfolk, VA 2351812.0 mi83$43,524,453$417,000$524,391
23325Chesapeake, VA 2332513.4 mi20$9,582,400$340,000$479,120
23320Chesapeake, VA 2332014.3 mi86$37,215,554$405,975$432,739
23523Norfolk, VA 2352314.9 mi14$4,144,252$277,500$296,018
23324Chesapeake, VA 2332415.7 mi43$11,913,193$268,725$277,051
23510Norfolk, VA 2351015.8 mi39$15,795,351$298,750$405,009
23507Norfolk, VA 2350716.4 mi19$8,106,445$252,750$426,655
23704Portsmouth, VA 2370417.2 mi68$17,330,412$259,700$254,859

Frequently Asked Questions

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

As of March 2026, there are 172 active listings in VIRGINIA BEACH, VA (zip code 23451), compared to 145 the prior year.

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

The median listing price in VIRGINIA BEACH, VA 23451 is $721,175 as of March 2026, a 3% increase from $700,000 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 33 days on the market before going under contract, compared to 38 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 March 2026, VIRGINIA BEACH, VA 23451 is currently a Balanced Market. Inventory has increased compared to last year, with 27 more homes available — giving buyers more choice. Homes are selling faster, averaging 33 days on market compared to 38 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 $14,424 compared to a typical 5% commission on the median listing price of $721,175. 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.