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Virginia Beach Municipal Center

VIRGINIA BEACH, VA 23456

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

Neighborhoods in ZIP 23456

Virginia Beach Municipal Center

Market Analysis

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

The VIRGINIA BEACH, VA real estate market (23456) currently shows 197 active listings, with 2 pending sales. Homes are averaging 43 days on the market before going under contract.

Inventory has increased compared to last year, with 43 more homes available — giving buyers more choice.

The median listing price has fallen 9.2% year-over-year, from $679,250 to $617,000.

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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
197
⇧ 27.9% vs 154 last year
Pending
2
1% pending ratio
Median Price
$617,000
⇩ 9.2% vs $679,250 last year
Average Price
$821,872
⇩ 1.6% vs $835,313 last year
Days on Market
43
— vs 43 days last year

Price Per Square Foot

Median $/sqft
$268
⇩ 6.3% vs $286/sqft last year
Median Home Size
2,432 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 197 this year vs 154 last year
  • Days on market: 43 now vs 43 last year

Median & Average Pricing

Year over Year
  • Median: $617,000 (-9.2% YoY)
  • Average: $821,872 (-1.6% 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 September 2026, there are 197 active listings in VIRGINIA BEACH, VA (zip code 23456), compared to 154 the prior year.

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

The median listing price in VIRGINIA BEACH, VA 23456 is $617,000 as of September 2026, a 9.2% decrease from $679,250 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 43 days on the market before going under contract, compared to 43 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 September 2026, VIRGINIA BEACH, VA 23456 is currently a Balanced Market. Inventory has increased compared to last year, with 43 more homes available — giving buyers more choice.

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 $12,340 compared to a typical 5% commission on the median listing price of $617,000. 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.