Is Virginia Beach, VA 23451 a buyer’s or seller’s market?
Virginia Beach is a seller’s market. With about 3.1 months of supply and 15% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 36% of U.S. ZIP codes, and #296 of 358 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Virginia Beach housing market right now
In the three months ending August 31, 2026, 15% of homes in Virginia Beach, VA 23451 sold above their list price, the typical home went under contract in 49 days and there were 3.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 223 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (14% then), homes sold more slowly (32 days then) and the median sale price fell 5% to $630,130. Overall, Virginia Beach is less competitive than a year ago, which gives buyers more room.
Within Virginia Beach city, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county. On our competition score, Virginia Beach ranks #296 of 358 VA ZIP codes with enough sales (score 38 out of 100).
Nearby, Virginia Beach 23453 (47% sold over asking) and Virginia Beach 23462 (46% sold over asking) are even more competitive.
Run the numbers for 23451
Nearby markets
Virginia Beach 23452Seller’s market $250 /sq ftVirginia Beach 23453Seller’s market $234 /sq ftVirginia Beach 23454Seller’s market $262 /sq ftVirginia Beach 23455Seller’s market $247 /sq ft Browse all markets →Towns like Virginia Beach nearby
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Questions about Virginia Beach real estate
Is Virginia Beach a buyer’s or seller’s market?
A seller’s market: there were 3.1 months of supply in Virginia Beach, VA 23451 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Virginia Beach?
The typical home went under contract in 49 days in the latest three months.
Do homes in Virginia Beach sell over asking?
15% of homes sold above their original list price, and the typical sale closed at 97.7% of the list price.
What are property taxes in Virginia Beach?
About 0.80% of a home’s value a year in Virginia Beach city, or roughly $3,200 on a $400,000 home.
What is the median home price in Virginia Beach?
The median sale price was $630,130 in the three months ending August 31, 2026, about $349 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology