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·Virginia Beach–Norfolk Metro
VA

Virginia Beach–Norfolk Metro

Virginia Beach–Norfolk Metro Market Report

Top 10 ZIPs by size — 7.4% mortgage rate — Updated 10/15/2026

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Listings Flow Ladder — Virginia Beach

Faucet, basin and drain — new listings in, active inventory, closed sales out.as of Aug 31, 2026

the basin is fillingnet 111 listings/mo
balanced 4–6 mo2.2 mo
Faucet — new listings
809/mo
101% of normal (803) · normal
Basin — active listings
1,538
52% of normal (2,959) · low
Months of supply
2.2 mo
derived — not published at this grain
Drain — closed sales
698/mo
98% of normal (712)
Net — faucet minus drain
+111/mo
filling
Reading
current
as of 2026-08-31
Compare against:
2015-01-01 to 2019-12-31 · 5 same-month points

How plugged is the drain? Two definitions, both ours, deliberately not reconciled.

  • 0%Absorption vs its own normal— 1 - (closed sales / active listings) / same-month median of that ratio
  • 2%Closed sales vs its own normal— 1 - closed sales per month / same-month median closed sales per month

Closed sales over 24 months — two different numbers, deliberately not merged.

  • 37/mofall in the monthly rate (5%)— peak 735/mo (2026-07-31) to 698/mo now
  • 772transactions that did not happen— summed monthly shortfall vs the same-month normal, over 20 months below it (vs 2015-19 (COVID excluded))
  • rate_drop_from_peak is a change in the monthly rate; cumulative_shortfall_vs_normal counts transactions not transacted. They are different quantities and are not interchangeable.
2026-08-31

Redfin market data (county + ZIP), via Lotvox. As of 2026-08-31. Normal = same-month median of monthly rates, minimum 3 same-month points. Source window 3 months (flows shown per month). Aggregated over a fixed panel of 17 zips — the panel is fixed so a change in who reports cannot look like a change in the market. months_of_supply is not published at this grain (0 non-null rows measured); derived here as active listings / closed sales per month.

Tracked ZIPs
10
Avg Score
54
Avg Median
$471,585
Market
Balanced
Avg Composite
54/100
Avg Median Price
$471,585
Avg Rent
$1,427/mo
Avg Burden
35.7%of income

Buyer Leverage — Should I Buy in Virginia Beach?

49
Avg Buyer Score
100 ZIPs analyzed
Strong Buyer
7
Moderate
15
Balanced
46
Seller Favored
32
Strong Seller
0
Best for Buyers
27916Aydlett82
Most Competitive
23325Chesapeake21
23462Virginia Beach22
23323Chesapeake25
23663Hampton27

BALANCED — Virginia Beach roughly fair, negotiate on a per-ZIP basis

27927
, currituck county
26
Median Price
$881,066
YoY
-0.8%
Payment Burden
55.9%
Buy vs Rent
Rent
Days on Market
116
Supply
7.6 mo
Rent
$1,452
Val. Gap
-49%
27958
Moyock, currituck county
54
Median Price
$497,729
YoY
+1.5%
Payment Burden
30.2%
Buy vs Rent
Buy
Days on Market
86
Supply
2.1 mo
Rent
$2,900
Val. Gap
-67.2%
27939
, currituck county
42
Median Price
$396,417
YoY
+0.5%
Payment Burden
41.7%
Buy vs Rent
Rent
Days on Market
124
Supply
4 mo
Rent
$1,153
Val. Gap
—
27947
Poplar Branch, currituck county
67
Median Price
$358,090
YoY
-1.1%
Payment Burden
25.3%
Buy vs Rent
Rent
Days on Market
54
Supply
3 mo
Rent
$1,162
Val. Gap
—
27950
Knotts Island, currituck county
56
Median Price
$407,895
YoY
-0.2%
Payment Burden
32.6%
Buy vs Rent
Rent
Days on Market
59
Supply
2.5 mo
Rent
$1,375
Val. Gap
—
27966
, currituck county
65
Median Price
$417,058
YoY
+1.9%
Payment Burden
32.9%
Buy vs Rent
Rent
Days on Market
171
Supply
6 mo
Rent
$1,606
Val. Gap
—
27929
Currituck, currituck county
79
Median Price
$452,468
YoY
+1.0%
Payment Burden
24.5%
Buy vs Rent
Rent
Days on Market
67
Supply
3.9 mo
Rent
$1,172
Val. Gap
—
27973
Shawboro, currituck county
65
Median Price
$401,966
YoY
+1.1%
Payment Burden
31.4%
Buy vs Rent
Rent
Days on Market
173
Supply
6.3 mo
Rent
$1,122
Val. Gap
—
27916
Aydlett, currituck county
47
Median Price
$423,472
YoY
+1.7%
Payment Burden
36.9%
Buy vs Rent
Rent
Days on Market
91
Supply
16.5 mo
Rent
$1,162
Val. Gap
—
27964
, currituck county
42
Median Price
$479,692
YoY
+3.8%
Payment Burden
45.3%
Buy vs Rent
Rent
Days on Market
96
Supply
1.5 mo
Rent
$1,162
Val. Gap
-61.6%

Every ZIP market page in Virginia Beach–Norfolk Metro (15)