Virginia Beach, VA Housing Market Report

The Virginia Beach housing market as of December 2025 is characterized by a steady transition toward a more balanced environment, though it still retains a slight edge for sellers due to a perfect 1-to-1 sale-to-list price ratio. With a median home value of $413,761, the market has seen a modest year-over-year appreciation of 2.21%. Perhaps most notable for prospective buyers is the 8.08% increase in active inventory, bringing the total available homes to 5,749. This rise in supply, coupled with homes staying on the market for an average of 61 days—a week longer than the previous year—suggests that the frantic pace of previous years has moderated, giving buyers more time to conduct due diligence.

Price trends over the last six months show a consistent upward trajectory, with values climbing steadily from $406,727 in July to the current December peak. This incremental growth indicates a stable and resilient local economy, likely bolstered by the strong military presence and consistent demand for coastal living. While home price growth is measured, the rental market is experiencing more aggressive pressure, with median rents rising 6.03% year-over-year to $1,992. This divergence suggests that while the sales market is cooling in terms of velocity, the underlying demand for housing in the Virginia Beach-Norfolk-Newport News metro area remains robust.

Looking ahead, both buyers and sellers should prepare for a market defined by deliberation rather than desperation. Sellers can still expect to receive their asking price, but they must be prepared for longer holding periods and may need to offer more concessions than in years past. For buyers, the increase in inventory and days on market provides a strategic window to negotiate, especially as the cost of renting continues to climb faster than the cost of homeownership. The steady month-over-month appreciation suggests that Virginia Beach remains a safe harbor for long-term equity growth without the volatility seen in other coastal markets.