What Is the Average Home Price in Virginia Beach?

If you are searching for homes for sale in Hampton Roads, the first question on your mind is probably: what does a home actually cost in Virginia Beach? After 24 years and over 1,000 transactions in this market, I can tell you the answer depends on where you look and what you are looking for. But here are the numbers you need to know.

Current Median Home Price in Virginia Beach

As of August 2026, the median home sale price in Virginia Beach runs about $430,000 over the trailing three months, up 7.4% year over year, with the average sale price last month near $433,000. That is steady, sustainable appreciation without the boom-and-bust cycle you see in some other coastal markets.

To put that in perspective: a reasonably priced three-bedroom, two-bath home in a solid neighborhood will generally fall between $375,000 and $475,000. Move up to a larger four-bedroom home with a yard in one of the more desirable subdivisions, and you are looking at $500,000 to $700,000 or more. The full range of the Virginia Beach real estate market is wide -- but the median gives you the realistic middle ground.

How Neighborhood Pricing Varies

Not every part of Virginia Beach prices the same. The asking price for a home in the oceanfront resort area -- the neighborhoods around the Virginia Beach boardwalk and the ViBe Creative District -- will run significantly higher per square foot than homes deeper into the city. Expect premium pricing in Great Neck, where waterfront properties and larger lots command top dollar. The areas around the interstates and the Princess Anne / Courthouse district generally offer more square footage for your money, especially in newer construction developments.

If you are looking at neighborhoods in Virginia Beach for the best value, areas like Kempsville, Salem, and parts of the Landstown district often offer solid homes below the citywide median. If you want a deep dive into each neighborhood, check out our guide to Virginia Beach neighborhoods.

How Virginia Beach Compares to the Rest of Hampton Roads

Compared to other cities in the region, Virginia Beach sits at the higher end of the pricing spectrum. The Hampton Roads median sale price was $388,950 in August 2026, up 5.1% year over year. Here is how neighboring cities stack up:

• Chesapeake -- a three-month median near $435,000, up about 3% year over year, with more newer construction
• Norfolk -- generally more affordable, with medians around $335,000, up about 1.5%
• Suffolk -- growing fast, with a median near $405,000, up about 1%
• Portsmouth -- the most budget-friendly, with a median near $290,000, up about 7.5%
• Newport News and Hampton -- at the lower end, with Newport News medians around $307,000

If you are comparing Virginia Beach to Chesapeake, the differences go beyond price. You can read our full comparison of Virginia Beach vs Chesapeake for a deeper look.

What Sellers Are Asking vs. What Homes Sell For

One of the most important things to understand about the Virginia Beach real estate market is that list price and sale price are not always the same. In 2026, we are seeing a more balanced market than we did during the pandemic years. Homes that are priced right and in good condition typically sell at or very close to asking price. Overpriced homes sit longer and often end up selling below their initial asking price after one or two price reductions.

For buyers, that means a well-priced home still moves quickly, but you have more room to negotiate on properties that have been on the market for 30 days or longer. The median days on market across Hampton Roads was 27 days in August 2026, with Virginia Beach homes averaging about 23 days and detached homes in popular neighborhoods around 12.

What Does $400,000 Buy You?

A $400,000 budget in Virginia Beach today will typically get you a well-maintained three-bedroom, two-bath home in the 1,800 to 2,200 square foot range. Think solid construction, a good roof, updated systems, and a decent yard in a established neighborhood like Kempsville or Salem. In some areas near the oceanfront, that same budget gets you a smaller home or a townhouse. In the southern part of the city closer to the North Carolina line, it might get you a newer home with more square footage.

For help understanding exactly what your budget can buy, check out our buying guide for first-time buyers and move-up families. I would also be happy to run a custom market search showing every home available in your price range across the neighborhoods that fit your lifestyle.