Average Home Price in Virginia Beach: The October 2026 Update

The average home price in Virginia Beach sits around $433,000 in late 2026, with the median closer to $429,000, and both are up roughly 3% to 8% year over year depending on the source. The exact number depends on whether you are looking at Redfin's sales data, Zillow's home value track, or the six-month closing average. As a Virginia Beach realtor with 24 years in this market, here is how I read the range and what it buys you.

The Headline Numbers

The most current verified figures for Virginia Beach (August through September 2026) cluster in a tight band:

• Median sale price: roughly $429,000 to $430,000, up about 7% year over year on Redfin's three-month sales track.
• Average home price: about $433,000, up roughly 8% year over year.
• Median six-month closing price: $410,000 across about 2,720 closings through early October, per one sales-tracking source.
• Average home value: around $417,000 to $430,000 on Zillow's city-level tracks, up 2% to 3%.
• Median price per square foot: about $245 to $251, up about 4% across sold homes.

Reading the spread matters: the trailing average leans higher because it includes the premium waterfront and Great Neck sales, while the median tells you what the typical family home actually transacts at. For the most practical planning number, I use the median near $430,000 for a solid three- to four-bedroom home in a good school zone. For the full neighborhood-level breakdown, see our Virginia Beach neighborhoods guide.

What the Range Looks Like on the Ground

The average home price in Virginia Beach hides a wide spread across the city. Kempsville and Salem regularly deliver solid homes below the citywide median, while Great Neck waterfront and the North End routinely clear $1 million. Town Center condos run $350,000 to $700,000, and Sandbridge cottages start near $400,000 and climb fast. The upshot: the city average is a useful benchmark, but your neighborhood, lot, and condition move the needle by six figures.

In 2026, well-priced Virginia Beach homes are still selling close to asking in about three to four weeks, typical of the healthy, balanced Hampton Roads market. That balance is good news for buyers shopping in the $400,000 to $500,000 band, which remains the most active price point in the city.

How This Compares to the Region

Virginia Beach sits at the premium end of Hampton Roads. The regional median ran about $375,000 in September 2026, with Chesapeake near or just above Virginia Beach on some tracks and Norfolk, Portsmouth, and the Peninsula coming in substantially lower. If you are weighing the trade-offs, our living in Virginia Beach guide compares the city against its neighbors, and the market report page carries the latest numbers for the whole region.

Know Your Own Number

A citywide average never sets the right number for your specific home or your specific purchase. If you are selling, your price comes from the recent sales in your exact neighborhood, not the metro average. That is why I pull comparable sales street by street on every listing I take. If you want a data-backed estimate for your property, request a free home valuation and I will show you exactly where your home lands in today's market.