Top Medium Teams in Virginia Beach, Virginia – Ranked by Sides

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    • Rank – City SidesTeam NameCompanyLocationSidesProfile
    1CoVA Collective RealtyKeller Williams Elite 757Virginia Beach, VA 212.0View Profile
    2Stephanie Clark Real EstateRE/MAX Alliance Virginia Beach, VA 190.0View Profile
    3CoVA Collective Realty, LLCKeller Williams Elite 757Virginia Beach, VA 131.7View Profile

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    2022 Market Summary

    Virginia Beach, Virginia started 2022 with a total of 247 single-family homes on the market, with a median home price of $435,000 and an average price per square foot of $270. By the end of the year, inventory had increased to 384 homes on the market (+55%), with a median home price of $429,999 (-1%) and an average price per square foot of $275 (+1%).

    At the start of 2022, the median days on market (DOM) was 28 days – by the end of the year, median DOM had increased to 49 days.

    Virginia Beach started the year with 22% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 40% of Virginia Beach homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Virginia Beach started 2022 as a strong seller’s market, with an MAI score of 64; by the end of the year, the MAI had dropped to 35 – a slight seller’s advantage.

    This market summary is powered by Altos Research – click here to run a free report for your area.

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