Virginia Beach, VA 23452 Real Estate Market Report

ZIP Code: 23452
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The real estate market in Virginia Beach, VA (ZIP: 23452) is currently characterized by a median sold price of $365,000, reflecting a steady market despite a modest price appreciation trend. The neighborhood has increased up since the previous year, indicating a resilient demand supported by military and retiree relocations. The median listing price stands at $389,900, suggesting a pricing friction between seller expectations and market realities, which may indicate a need for adjustments in listing strategies to align with buyer sentiment.

Transaction activity appears to be moderate, with median days on market at 246, indicating a slower sales velocity. The elevated inventory levels suggest excess supply relative to sales activity, contributing to a balanced market environment. The rental market remains robust, with a median market rent of $2,150, further underscoring the area's attractiveness to potential residents. Overall, while the market shows signs of stability, the moderate interest rate pressure may influence future buyer behavior and market dynamics.

---

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Rental Market

---

Property Taxes

---

Liquidity & Velocity

---

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Virginia Beach, VA are approximately 6.64%, which is lower than the historical average of 7.70% for 30-year fixed loans between April 1971 and February 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The median sold price of $365,000 indicates a stable market with modest appreciation.

2. With a median listing price of $389,900, there is potential pricing friction between seller expectations and buyer willingness.

3. The median days on market of 246 suggests a slower sales velocity, reflecting a need for strategic pricing adjustments.

4. Elevated inventory levels indicate excess supply relative to sales activity, contributing to a balanced market environment.

5. The median market rent of $2,150 highlights a strong rental market, supporting ongoing demand for housing.

---

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.