Virginia Beach, VA 23455 Real Estate Market Report

ZIP Code: 23455
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Virginia Beach, VA (ZIP: 23455) is currently characterized by a median sold price of $423,111, reflecting a stable market with slight price appreciation. The neighborhood has increased in value, although specific historical price change percentages are not available. This suggests a positive trajectory in market conditions.

Transaction activity appears moderate, with median days on market at 259, indicating a slower sales velocity. Elevated inventory levels relative to sales activity may suggest a balanced market, but the presence of excess supply could also create pricing friction. Overall, the market temperature is neutral, indicating stable conditions with no significant upward or downward pressure on prices.

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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.

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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.

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Rental Market

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Property Taxes

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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.

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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.

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Key Findings

1. The median listing price stands at $510,000, indicating seller expectations may be higher than actual market performance.

2. With a median sold price of $423,111, the market reflects a positive trend in property values despite elevated inventory levels.

3. The median days on market of 259 suggests a slower sales velocity, which may indicate caution for sellers.

4. Rental demand remains strong with a median market rent of $2,260, reflecting a growing rental market.

5. The property tax rate is 0.97%, which is relatively moderate and may influence buyer affordability in the area.

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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.