Virginia Beach, VA 23452 Real Estate Market Report

ZIP Code: 23452
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

---

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

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

---

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 for properties in Virginia Beach, VA 23452 are averaging 6.4%, reflecting a stable market environment for typical loans originated earlier in 2026.

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

---

Key Findings

1. $370,500 is the best indicator of realized market value in this ZIP and represents the most recent representative recent sale; given the gap versus the $425,000 median listing price, sellers may need to align expectations to avoid pricing friction.

2. The market shows slower sales velocity with a median days on market of 266, which suggests transactions are taking longer and may indicate moderate near-term liquidity constraints rather than rapid turnover.

3. Price momentum is positive: the broader price direction is up, and combined with a median price per square foot of 245, this supports cautious appreciation—investors and owners should view current activity as a strengthening but measured upward trend.

4. Rents are rising (rent year-over-year trend: up) with a median market rent of 2,050, while interest rate pressure is moderate; this juxtaposition suggests balanced carry economics for buy-to-rent strategies in the near term, though financing sensitivity remains a factor.

---

Notable Properties

The following 6 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.

Virginia Beach, VA 23452 Real Estate Market Report

ZIP Code: 23452
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

---

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 for properties in Virginia Beach, VA 23452 are averaging 6.4%, reflecting a stable market environment for typical loans originated earlier in 2026.

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

---

Key Findings

1. The primary market indicator, the median sold price of $201,000, signals modest price appreciation while the price year-over-year trend is up, consistent with a balanced market temperature described as neutral.

2. The market shows constrained active supply in the analyzed sample alongside a long median days on market of 320, which suggests slower sales velocity and potential pricing friction that may require more time to reach contract for some properties.

3. Pricing context shows a median price per square foot of 206 paired with a median market rent of $1,650; rising rents (rent year-over-year trend: up) may support investor interest, while current 30-year fixed mortgage rates averaging 6.4% represent moderate interest rate pressure on buyer affordability.

4. Given the combination of a neutral market temperature, modest sold-price appreciation, and relatively constrained active supply, sellers can expect measured negotiation leverage but should price to reflect recent comparable sold prices—buyers should anticipate slower transaction timelines and incorporate the observed liquidity conditions into offer timing and contingencies.

---

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.