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Virginia Beach Municipal Center

VIRGINIA BEACH, VA 23456

Real Estate Market Report
Seller's Market
April 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 23456

Virginia Beach Municipal Center

Market Analysis

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

The VIRGINIA BEACH, VA real estate market (23456) currently shows 150 active listings, with 1 pending sales. Homes are averaging 31 days on the market before going under contract.

Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 31 days on market compared to 37 days last year.

The median listing price has risen 16.5% year-over-year, from $597,174 to $696,000.

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 Context

Market Context

Population: 60,182  ·  Density: 463.4/mi²  ·  Median household income: $125,116

Typical home value: $425,969  ·  Homeownership: 89.7%

Market Overview

Active Listings
150
⇩ 9.1% vs 165 last year
Pending
1
1% pending ratio
Median Price
$696,000
⇧ 16.5% vs $597,174 last year
Average Price
$884,772
⇧ 15% vs $769,657 last year
Days on Market
31
⇩ 16.2% vs 37 days last year

Price Per Square Foot

Median $/sqft
$278
⇧ 4.5% vs $266/sqft last year
Median Home Size
2,411 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 150 this year vs 165 last year
  • Days on market: 31 now vs 37 last year

Median & Average Pricing

Year over Year
  • Median: $696,000 (+16.5% YoY)
  • Average: $884,772 (+15% 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 17.0 miles — 818 listings ($553,935,530 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23456Virginia Beach, VA 234560.0 mi127$120,153,938$694,000$946,094
23454Virginia Beach, VA 234546.8 mi77$60,135,845$427,493$780,985
23450Virginia Beach, VA 234508.2 mi1$699,000$699,000$699,000
23464Virginia Beach, VA 234649.1 mi64$26,882,176$405,000$420,034
23451Virginia Beach, VA 234519.6 mi139$143,254,651$722,450$1,030,609
23455Virginia Beach, VA 2345512.3 mi65$37,910,210$481,850$583,234
23502Norfolk, VA 2350213.1 mi29$11,410,398$342,500$393,462
27950Knotts Island, NC 2795014.5 mi9$4,696,821$532,500$521,869
23322Chesapeake, VA 2332215.0 mi146$101,752,364$648,450$696,934
23513Norfolk, VA 2351315.5 mi57$17,493,471$304,450$306,903
23509Norfolk, VA 2350916.2 mi29$9,998,098$284,975$344,762
23704Portsmouth, VA 2370416.6 mi68$17,330,412$259,700$254,859
23517Norfolk, VA 2351717.0 mi7$2,218,146$277,975$316,878

Frequently Asked Questions

How many homes are for sale in VIRGINIA BEACH, VA 23456?

As of April 2026, there are 150 active listings in VIRGINIA BEACH, VA (zip code 23456), compared to 165 the prior year.

What is the median home price in VIRGINIA BEACH, VA 23456?

The median listing price in VIRGINIA BEACH, VA 23456 is $696,000 as of April 2026, a 16.5% increase from $597,174 the prior year.

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

Homes in VIRGINIA BEACH, VA 23456 spend an average of 31 days on the market before going under contract, compared to 37 days the prior year.

Is it a seller's or buyer's market in VIRGINIA BEACH, VA 23456?

Based on current inventory and days-on-market data as of April 2026, VIRGINIA BEACH, VA 23456 is currently a Seller's Market. Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 31 days on market compared to 37 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 23456 save an estimated $13,920 compared to a typical 5% commission on the median listing price of $696,000. 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.