Call or Text (240) SELL-123
Virginia Beach Municipal Center

VIRGINIA BEACH, VA 23456

Real Estate Market Report
Seller's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 23456

Virginia Beach Municipal Center

Market Analysis

Data as of February 2026. Source: Realtor.com.

The VIRGINIA BEACH, VA real estate market (23456) currently shows 127 active listings. Homes are averaging 40 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 40 days on market compared to 51 days last year.

The median listing price has risen 22.3% year-over-year, from $567,475 to $694,000.

Whether you are buying or selling in VIRGINIA BEACH, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for VIRGINIA BEACH, VA 23456 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 60,182  ·  Density: 463.4/mi²  ·  Median household income: $125,116

Typical home value: $425,969  ·  Homeownership: 89.7%

Market Overview

Active Listings
127
⇩ 0.8% vs 128 last year
Pending
0
0% pending ratio
Median Price
$694,000
⇧ 22.3% vs $567,475 last year
Average Price
$946,094
⇧ 24.9% vs $757,224 last year
Days on Market
40
⇩ 21.6% vs 51 days last year

Price Per Square Foot

Median $/sqft
$271
⇧ 1.9% vs $266/sqft last year
Median Home Size
2,331 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 127 this year vs 128 last year
  • Days on market: 40 now vs 51 last year

Median & Average Pricing

Year over Year
  • Median: $694,000 (+22.3% YoY)
  • Average: $946,094 (+24.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 17.0 miles — 817 listings ($534,931,706 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23456Virginia Beach, VA 234560.0 mi123$108,716,748$640,000$883,876
23454Virginia Beach, VA 234546.8 mi81$60,058,989$425,000$741,469
23450Virginia Beach, VA 234508.2 mi1$200,000$200,000$200,000
23464Virginia Beach, VA 234649.1 mi73$31,454,021$424,500$430,877
23451Virginia Beach, VA 234519.6 mi136$135,012,776$695,000$992,741
23455Virginia Beach, VA 2345512.3 mi69$38,448,939$463,750$557,231
23502Norfolk, VA 2350213.1 mi25$10,047,150$357,500$401,886
27950Knotts Island, NC 2795014.5 mi11$5,363,127$440,000$487,557
23322Chesapeake, VA 2332215.0 mi144$101,792,448$664,000$706,892
23513Norfolk, VA 2351315.5 mi48$14,308,368$292,500$298,091
23509Norfolk, VA 2350916.2 mi28$9,176,608$281,450$327,736
23704Portsmouth, VA 2370416.6 mi67$16,890,700$259,900$252,100
23517Norfolk, VA 2351717.0 mi11$3,461,832$292,450$314,712

Frequently Asked Questions

How many homes are for sale in VIRGINIA BEACH, VA 23456?

As of February 2026, there are 127 active listings in VIRGINIA BEACH, VA (zip code 23456), compared to 128 the prior year.

What is the median home price in VIRGINIA BEACH, VA 23456?

The median listing price in VIRGINIA BEACH, VA 23456 is $694,000 as of February 2026, a 22.3% increase from $567,475 the prior year.

How long do homes stay on the market in VIRGINIA BEACH, VA?

Homes in VIRGINIA BEACH, VA 23456 spend an average of 40 days on the market before going under contract, compared to 51 days the prior year.

Is it a seller's or buyer's market in VIRGINIA BEACH, VA 23456?

Based on current inventory and days-on-market data as of February 2026, VIRGINIA BEACH, VA 23456 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 40 days on market compared to 51 days last year.

How much can I save on real estate commission in VIRGINIA BEACH, VA?

With SELL123.com's maximum 3% commission, sellers in VIRGINIA BEACH, VA 23456 save an estimated $13,880 compared to a typical 5% commission on the median listing price of $694,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.