Is Virginia Beach, VA 23456 a buyer’s or seller’s market?

The Virginia Beach housing market right now

In the three months ending August 31, 2026, 36% of homes in Virginia Beach, VA 23456 sold above their list price, the typical home went under contract in 27 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 295 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 41%, homes sold more slowly (25 days then) and the median sale price rose 11% to $579,749. Overall, Virginia Beach is less competitive than a year ago, which gives buyers more room.

Within Virginia Beach city, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Virginia Beach ranks #86 of 358 VA ZIP codes with enough sales (score 73 out of 100).

Nearby, buyers who want less competition could look at Virginia Beach 23451 (15% sold over asking) or Virginia Beach 23455 (25% sold over asking), while Virginia Beach 23453 (47% sold over asking) and Virginia Beach 23462 (46% sold over asking) are even more competitive.