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Central Business District Virginia Beach Town Center

VIRGINIA BEACH, VA 23462

Real Estate Market Report
Buyer's Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 23462

Central Business District · Virginia Beach Town Center

Market Analysis

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

The VIRGINIA BEACH, VA real estate market (23462) currently shows 148 active listings, with 1 pending sales. Homes are averaging 35 days on the market before going under contract.

Inventory has increased compared to last year, with 32 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 35 days on market compared to 29 days last year.

The median listing price has risen 14.5% year-over-year, from $305,625 to $349,975.

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Market Context

Market Context

Population: 68,499  ·  Density: 2,398.1/mi²  ·  Median household income: $69,375

Typical home value: $258,565  ·  Homeownership: 50.9%

Market Overview

Active Listings
148
⇧ 27.6% vs 116 last year
Pending
1
1% pending ratio
Median Price
$349,975
⇧ 14.5% vs $305,625 last year
Average Price
$422,935
⇧ 1.3% vs $417,713 last year
Days on Market
35
⇧ 20.7% vs 29 days last year

Price Per Square Foot

Median $/sqft
$207
⇧ 5.1% vs $197/sqft last year
Median Home Size
1,614 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 148 this year vs 116 last year
  • Days on market: 35 now vs 29 last year

Median & Average Pricing

Year over Year
  • Median: $349,975 (+14.5% YoY)
  • Average: $422,935 (+1.3% 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
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 9.8 miles — 771 listings ($412,912,560 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23462Virginia Beach, VA 234620.0 mi64$28,094,080$318,000$438,970
23450Virginia Beach, VA 234503.2 mi1$699,000$699,000$699,000
23455Virginia Beach, VA 234553.7 mi65$37,910,210$481,850$583,234
23325Chesapeake, VA 233255.1 mi20$9,582,400$340,000$479,120
23513Norfolk, VA 235136.1 mi57$17,493,471$304,450$306,903
23518Norfolk, VA 235186.6 mi83$43,524,453$417,000$524,391
23509Norfolk, VA 235096.9 mi29$9,998,098$284,975$344,762
23320Chesapeake, VA 233206.9 mi86$37,215,554$405,975$432,739
23510Norfolk, VA 235107.8 mi39$15,795,351$298,750$405,009
23451Virginia Beach, VA 234518.3 mi139$143,254,651$722,450$1,030,609
23704Portsmouth, VA 237048.9 mi68$17,330,412$259,700$254,859
23505Norfolk, VA 235059.4 mi46$19,165,762$318,825$416,647
23503Norfolk, VA 235039.8 mi74$32,849,118$349,675$443,907

Frequently Asked Questions

How many homes are for sale in VIRGINIA BEACH, VA 23462?

As of September 2026, there are 148 active listings in VIRGINIA BEACH, VA (zip code 23462), compared to 116 the prior year.

What is the median home price in VIRGINIA BEACH, VA 23462?

The median listing price in VIRGINIA BEACH, VA 23462 is $349,975 as of September 2026, a 14.5% increase from $305,625 the prior year.

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

Homes in VIRGINIA BEACH, VA 23462 spend an average of 35 days on the market before going under contract, compared to 29 days the prior year.

Is it a seller's or buyer's market in VIRGINIA BEACH, VA 23462?

Based on current inventory and days-on-market data as of September 2026, VIRGINIA BEACH, VA 23462 is currently a Buyer's Market. Inventory has increased compared to last year, with 32 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 35 days on market compared to 29 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 23462 save an estimated $7,000 compared to a typical 5% commission on the median listing price of $349,975. 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.