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VIRGINIA BEACH, VA 23457

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

Market Analysis

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

The VIRGINIA BEACH, VA real estate market (23457) currently shows 18 active listings. 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 63 days last year.

The median listing price has fallen 22.1% year-over-year, from $994,700 to $775,000.

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: 4,746  ·  Density: 27.0/mi²  ·  Median household income: $100,927

Typical home value: $494,934  ·  Homeownership: 85.9%

Market Overview

Active Listings
18
⇧ 63.6% vs 11 last year
Pending
0
0% pending ratio
Median Price
$775,000
⇩ 22.1% vs $994,700 last year
Average Price
$1,013,616
⇧ 3.9% vs $975,133 last year
Days on Market
50
⇩ 20.6% vs 63 days last year

Price Per Square Foot

Median $/sqft
$319
⇧ 7% vs $298/sqft last year
Median Home Size
2,771 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 18 this year vs 11 last year
  • Days on market: 50 now vs 63 last year

Median & Average Pricing

Year over Year
  • Median: $775,000 (-22.1% YoY)
  • Average: $1,013,616 (+3.9% 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 20.3 miles — 978 listings ($787,145,509 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23457Virginia Beach, VA 234570.0 mi24$21,671,544$733,600$902,981
23456Virginia Beach, VA 234568.2 mi127$120,153,938$694,000$946,094
23453Virginia Beach, VA 2345312.1 mi43$16,420,281$336,000$381,867
23322Chesapeake, VA 2332214.1 mi146$101,752,364$648,450$696,934
23454Virginia Beach, VA 2345414.9 mi77$60,135,845$427,493$780,985
23464Virginia Beach, VA 2346415.4 mi64$26,882,176$405,000$420,034
23452Virginia Beach, VA 2345216.4 mi52$26,635,232$382,000$512,216
27927Corolla, NC 2792716.8 mi165$204,944,025$925,000$1,242,085
23451Virginia Beach, VA 2345117.6 mi139$143,254,651$722,450$1,030,609
27917Barco, NC 2791717.8 mi3$942,000$312,000$314,000
23324Chesapeake, VA 2332419.1 mi43$11,913,193$268,725$277,051
23455Virginia Beach, VA 2345520.1 mi65$37,910,210$481,850$583,234
27921Camden, NC 2792120.3 mi30$14,530,050$449,000$484,335

Frequently Asked Questions

How many homes are for sale in VIRGINIA BEACH, VA 23457?

As of June 2026, there are 18 active listings in VIRGINIA BEACH, VA (zip code 23457), compared to 11 the prior year.

What is the median home price in VIRGINIA BEACH, VA 23457?

The median listing price in VIRGINIA BEACH, VA 23457 is $775,000 as of June 2026, a 22.1% decrease from $994,700 the prior year.

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

Homes in VIRGINIA BEACH, VA 23457 spend an average of 50 days on the market before going under contract, compared to 63 days the prior year.

Is it a seller's or buyer's market in VIRGINIA BEACH, VA 23457?

Based on current inventory and days-on-market data as of June 2026, VIRGINIA BEACH, VA 23457 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 63 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 23457 save an estimated $15,500 compared to a typical 5% commission on the median listing price of $775,000. 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.