Is Virginia Beach, VA 23464 a buyer’s or seller’s market?
Virginia Beach is a seller’s market. With about 1.6 months of supply and 44% 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 89% of U.S. ZIP codes, and #20 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, 44% of homes in Virginia Beach, VA 23464 sold above their list price, the typical home went under contract in 21 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 280 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 46%, homes sold about as fast and the median sale price rose 8% to $419,768. Overall, Virginia Beach is about as competitive as it was a year ago.
Within Virginia Beach city, homes here sell faster than in 88% of the county’s ZIP codes, and sell more often over asking than in 75%. On our competition score, Virginia Beach ranks #20 of 358 VA ZIP codes with enough sales (score 84 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) is even more competitive.
Run the numbers for 23464
Nearby markets
Virginia Beach 23451Seller’s market $349 /sq ftVirginia Beach 23452Seller’s market $250 /sq ftVirginia Beach 23453Seller’s market $234 /sq ftVirginia Beach 23454Seller’s market $262 /sq ft Browse all markets →Towns like Virginia Beach nearby
Find towns like Virginia Beach in other states →Where Virginia Beach is
Loading map…
Questions about Virginia Beach real estate
Is Virginia Beach a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Virginia Beach, VA 23464 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 21 days in the latest three months.
Do homes in Virginia Beach sell over asking?
44% of homes sold above their original list price, and the typical sale closed at 100.7% 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 $419,768 in the three months ending August 31, 2026, about $230 per square foot.
Local agents
See all agents in 23464 →No sponsored agents in 23464 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 23464
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology