Virginia Beach Real Estate Market Report — April 2026

"I've been selling homes in Hampton Roads for over 20 years, and a MAI of 55 with rising inventory is a combination I've seen before — it usually means we're in the middle innings of a seller's market, not the end of one. The fact that 27% of listings have taken price cuts while the MAI is climbing tells me sellers are still testing the ceiling, and the market is correcting their expectations without losing momentum. If someone is sitting across from me asking whether to wait to buy, I'd tell them the entry-level segment at $399,900 is already being absorbed faster than it's being listed — waiting costs you inventory, not just price. And if you're selling, this is the window: the trend is in your favor today, but markets don't stay at 55 forever."

Buyers are competing in a strong seller's market with a MAI of 55 and a median days on market of just 28 — meaning well-priced homes are moving in under a month. The average DOM of 66 days tells you there's a split market: correctly priced homes go fast, overpriced ones sit. The 27% price reduction rate gives buyers some negotiating room on listings that have been sitting, but don't expect concessions on fresh inventory. New listings are hitting at a median of $489,900, so if your budget is in that range, move quickly — that segment at $399,900 median is absorbing 41 homes with only 28 new listings coming in, which means demand is outstripping supply at the entry level.

Sellers are in a strong position right now — the MAI of 55 and rising means buyer demand continues to outpace supply, and that dynamic favors your side of the table. If your home is priced correctly, expect to be under contract within 28 days based on current median DOM. The 27% price reduction rate is worth noting: that's more than 1 in 4 listings having to cut price, which tells you overpricing is still punished even in a seller's market. Price it right from day one, and the data supports you getting full value; chase the market with an inflated ask and you'll be in that 66-day-average camp.

The median rent in Virginia Beach is $2,195 per month for single-family homes, and with a median list price of $609,000, investors need to run their numbers carefully on gross yield — you're looking at roughly a 4.3% gross rent-to-price ratio before expenses. The price-per-square-foot trend at $282 has been consistently rising since 2021, signaling that underlying value is still moving up even as headline prices have flattened recently. The bottom quartile at $399,900 median with 41 homes absorbed versus 28 new listings is where the supply-demand imbalance is sharpest — that segment is where rental demand and appreciation potential are most concentrated. Rising inventory bears watching, but as long as the MAI stays above 30, this market isn't turning.

Current Virginia Beach Stats

Live data from Altos Research — updated weekly.