Virginia Beach VA Loan Rates, Closing Costs & Stats

VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC

A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

For additional benefits of VA loans, click here.

Virginia Beach's 216 lenders originated 11,390 VA loans during 2023. The total origination value was $4,097,990,000, with an average VA loan value of $359,788.

Virginia Beach VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Virginia Beach averaged 6.3% for the week of 2024-06-14, compared to the national average (all VA variants) of 6.423% for the same period.

Virginia Beach's average VA mortgage closing costs are $7,058.

The average rate for the prior week (2024-06-07) was 6.27% and one month ago for the week of 2024-05-10, the average rate was 6.49%.

The average rate one year ago was 6.63%.

For refis of the same type during the week of 2024-06-14, the average rate was 6.63%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Virginia Beach VA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Virginia Beach level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 1,595 6.60% $8,517
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 896 6.56% $10,288
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 852 6.36% $10,922
UNITED WHOLESALE MORTGAGE, LLC 714 6.22% $9,988
NAVY FEDERAL CREDIT UNION 675 5.87% $8,027
MOVEMENT MORTGAGE, LLC 522 6.25% $10,700
QUICKEN LOANS, LLC 387 6.14% $13,190
NVR Mortgage Finance, Inc. 318 5.53% $9,268
CBM Mortgage, Inc. 273 6.30% $12,053
SOUTHERN TRUST MORTGAGE, LLC 266 6.44% $12,965
PENNYMAC LOAN SERVICES, LLC 232 5.55% $8,876
TIDEWATER MORTGAGE SERVICES, INC. 225 6.48% $12,506
FREEDOM MORTGAGE CORPORATION 221 6.46% $15,199
NEWREZ LLC 154 6.60% $11,015
LOANDEPOT.COM, LLC 149 6.10% $13,241
CALIBER HOME LOANS, INC. 149 5.92% $11,680
Prosperity Home Mortgage, LLC 140 5.98% $10,349
Advance Financial Group, LLC 137 6.34% $13,405
Atlantic Coast Mortgage, LLC 129 6.36% $11,583
Towne Mortgage, LLC 128 6.47% $14,499
Towne Bank 121 6.38% $12,371
CMG MORTGAGE, INC. 106 6.18% $10,794
USAA Federal Savings Bank 104 6.14% $11,220
The Federal Savings Bank 85 6.20% $16,621
CARDINAL FINANCIAL 70 6.65% $14,527
Alcova Mortgage LLC 68 6.71% $10,451
NEW DAY FINANCIAL, LLC 67 7.51% $13,578
EMM LOANS LLC 65 6.29% $11,313
AMERICAN FINANCIAL NETWORK, INC. 64 6.62% $10,398
CROSSCOUNTRY MORTGAGE, LLC 64 6.77% $10,352
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 63 6.43% $8,992
BROKER SOLUTIONS, INC. 58 6.52% $12,272
VILLAGE CAPITAL MORTGAGE 56 6.26% $9,431
PENTAGON FEDERAL CREDIT UNION 55 5.80% $10,515
Plains Commerce Bank 55 6.22% $14,071
PRIMELENDING, A PLAINSCAPITAL COMPANY 52 6.57% $10,625
Tidewater Home Funding, LLC 52 6.24% $23,464
DHI MORTGAGE COMPANY, LTD. 51 5.30% $11,566
GUARANTEED RATE, INC. 51 6.12% $10,382
HOMESPIRE MORTGAGE CORPORATION 50 6.71% $7,851
Mr. Cooper ( Nationstar Mortgage ) 48 6.03% $19,054
FIRST COMMUNITY MORTGAGE, INC. 41 7.03% $11,471
C & F Mortgage Corporation 37 6.69% $13,261
NBKC BANK 36 5.76% $9,890
Armed Forces Bank 36 6.35% $10,124
NewTowne Mortgage, LLC 35 5.90% $15,526
DRAGAS MORTGAGE COMPANY 31 6.36% $7,523
Barrington Bank & Trust Company, N.A. 30 6.45% $8,017
GUILD MORTGAGE COMPANY 30 6.30% $12,462
Presidential Bank, FSB 30 6.63% $8,634
Wells Fargo Bank 30 5.94% $7,754
AMERISAVE MORTGAGE CORPORATION 30 5.88% $16,077
Ameris Bank 29 6.32% $12,520
Equity Prime Mortgage LLC 28 6.93% $9,470
HOMESIDE FINANCIAL, LLC 28 6.60% $11,876
North American Savings Bank, F.S.B. 25 5.76% $11,146
CAPITAL CENTER, L.L.C. 25 6.41% $8,240
MUTUAL OF OMAHA MORTGAGE, INC. 24 6.42% $15,627
LOANPAL, LLC 23 5.87% $14,852
NFM, INC. 23 6.74% $12,509
Magnolia Bank 23 6.32% $17,901
GoPrime Mortgage, Inc. 23 5.96% $13,459
ARK-LA-TEX FINANCIAL SERVICES, LLC. 22 6.52% $12,193
PLANET HOME LENDING, LLC 21 5.88% $8,298
Paramount Residential Mortgage Group, Inc. 21 5.93% $11,928
Mid-Continent Funding, Inc. 18 6.46% $9,119
AMERICAN PACIFIC MORTGAGE CORPORATION 18 6.28% $16,345
Truist 17 6.16% $9,753
Sierra Pacific Mortgage Company, Inc. 17 6.24% $10,958
U.S. Bank 17 5.71% $14,419
Blue Ridge Bank 17 6.56% $10,368
EAGLE HOME MORTGAGE, LLC 16 6.53% $7,785
Fulton Bank 16 6.15% $9,792
Flagstar Bank, FSB 14 6.45% $10,526
BAY EQUITY LLC 14 6.32% $9,859
SUN WEST MORTGAGE COMPANY, INC. 13 6.37% $8,911
UNION HOME MORTGAGE CORP. 12 7.19% $13,128
LAKEVIEW LOAN SERVICING, LLC 12 5.97% $14,391
Dollar Bank, Federal Savings Bank 12 6.35% $12,437
ISERVE RESIDENTIAL LENDING, LLC 12 6.89% $14,569
Keystone Funding, Inc. 11 5.99% $11,774
CHURCHILL MORTGAGE CORPORATION 11 6.60% $14,205
CITY FIRST MORTGAGE SERVICES, L.L.C. 10 6.84% $14,372
FIDELITY DIRECT MORTGAGE, LLC 10 6.90% $8,821
SeaTrust Mortgage Company 10 6.50% $11,045
BNC National Bank 10 5.55% $10,501
MORIA DEVELOPMENT, INC. 9 6.68% $9,054
MILEND, INC. 8 6.89% $13,982
INTERCAP LENDING INC. 8 6.73% $11,010
RELIANCE FIRST CAPITAL, LLC 8 6.59% $9,365
Lakeview Community Capital, LLC 7 6.21% $8,912
FIRST HOME MORTGAGE CORPORATION 7 6.20% $8,808
George Mason Mortgage, LLC 7 6.46% $11,048
LANGLEY 7 6.80% $4,393
NATIONS DIRECT MORTGAGE, LLC 6 6.88% $9,632
SWBC MORTGAGE CORPORATION 6 6.21% $19,186
CONTOUR MORTGAGE CORPORATION 6 6.71% $13,866
HOMEBRIDGE FINANCIAL SERVICES, INC. 6 6.50% $9,548
Strong Home Mortgage, LLC 6 5.63% $7,255
EMBRACE HOME LOANS, INC. 6 6.16% $9,521
DRAPER AND KRAMER MORTGAGE CORP. 5 5.88% $10,067
MORTGAGEONE, INC. 5 6.38% $8,800
T2 FINANCIAL LLC 5 6.65% $9,407
JPMorgan Chase Bank 5 6.33% $7,318
GENEVA FINANCIAL, LLC 5 7.05% $10,367
LEADERONE FINANCIAL CORPORATION 5 6.83% $11,532
Carrington Mortgage Services, LLC 5 5.93% $5,824
PLAZA HOME MORTGAGE, INC. 5 6.37% $9,997
MCLEAN MORTGAGE CORPORATION 5 6.05% $1,820
The Central Trust Bank 4 5.94% $13,493
INTELLILOAN, INC. 4 5.88% $6,656
DATA MORTGAGE, INC. 4 6.31% $11,801
Residential Mortgage Solutions, Inc. 4 6.53% $11,079
MICHIGAN MUTUAL, INC. 4 5.97% $9,192
AMERICAN FINANCIAL RESOURCES, INC. 4 6.88% $5,565
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 4 6.88% $11,913
MORTGAGE SOLUTIONS OF COLORADO, LLC 4 7.19% $11,286
Nations Lending Corporation 4 6.88% $12,725
First Heritage Mortgage, LLC 4 6.91% $8,408
VAN DYK MORTGAGE CORPORATION 4 6.66% $3,855
SOVEREIGN LENDING GROUP INCORPORATED 4 5.81% $20,731
HomePromise Corporation 3 7.79% $13,158
GSF Mortgage Corporation 3 6.83% $7,217
INTERCOASTAL MORTGAGE COMPANY 3 5.91% $9,804
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 6.67% $13,188
FIRST SAVINGS MORTGAGE CORPORATION 3 6.21% $12,959
ZILLOW HOME LOANS, LLC 3 6.33% $6,195
Loan Simple, Inc. 3 6.71% $9,171
First Federal Bank 3 6.71% $12,613
NETWORK CAPITAL FUNDING CORPORATION 3 5.63% $4,701
Northpointe Bank 3 6.54% $14,047
PHH Mortgage Corporation 3 6.58% $6,172
PREMIA MORTGAGE, LLC 3 6.88% $6,473
Community First National Bank 3 6.38% $10,092
Sandy Spring Bank 3 7.00% $8,574
Shamrock Home Loans, Inc. 3 6.62% $11,789
SUCCESS MORTGAGE PARTNERS, INC. 3 6.33% $9,463
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 3 7.20% $6,185
Waterstone Mortgage Corporation 3 6.46% $10,086
DAS Acquisition Company, LLC 2 7.31% $5,748
Atlantic Union Bank 2 6.38% $14,712
ROYAL UNITED MORTGAGE LLC 2 6.94% $14,472
STAUNTON FINANCIAL, INC. 2 5.63% $11,471
PNC Bank 2 6.69% $8,831
American Security Mortgage Corp. 2 6.56% $8,691
Vellum Mortgage, Inc. 2 6.88% $19,760
American Mortgage & Equity Consultants, Inc. 2 6.63% $8,534
UNITED NORTHERN MORTGAGE BANKERS LIMITED 2 6.31% $6,189
Century Mortgage Company DBA Century Lending Company 2 5.44% $7,177
AMERICAN FINANCING CORPORATION 2 6.56% $9,661
CORNERSTONE HOME LENDING, INC. 2 7.50% $7,951
GUARANTEED RATE AFFINITY, LLC 2 5.69% $10,200
Bank of America 2 5.19% $8,869
JOHNSON MORTGAGE COMPANY, L.L.C. 2 5.06% $14,249
Ixonia Bank 2 7.38% $10,793
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.31% $26,531
Southern Bank and Trust Company 2 6.19% $9,766
The Huntington National Bank 2 5.06% $11,899
Bank of England 2 5.94% $12,536
Evolve Bank & Trust 2 7.06% $4,666
THE MORTGAGE LINK, INC. 2 6.81% $9,978
HOMESTEAD FUNDING CORP. 2 5.81% $6,738
Virginia Credit Union, Inc. 1 6.63% $11,437
Capital Bank 1 6.00% $10,284
GVC MORTGAGE, INC. 1 5.75% $15,407
BANKSOUTH MORTGAGE COMPANY, LLC 1 5.75% $13,568
SmartBank 1 5.63% $10,528
ACADEMY MORTGAGE CORPORATION 1 7.25% $9,188
STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED 1 6.13% $10,449
LADERA LENDING, INC. 1 6.75% $18,567
Advisors Mortgage Group, L.L.C. 1 5.75% $11,412
SUMMIT FUNDING, INC. 1 7.25% $11,485
Summit Mortgage Corporation 1 5.25% $15,590
Sunflower Bank 1 5.99% $28,790
iCore Lending, Inc. 1 5.63% $13,335
BancorpSouth 1 5.75% $13,621
THE MORTGAGE FIRM, INC. 1 6.38% $14,110
AXIA FINANCIAL, LLC 1 6.13% $6,013
TJC Mortgage, Inc. 1 5.13% $6,897
TOP FLITE FINANCIAL, INC. 1 7.25% $24,489
AmeriHome Mortgage Company, LLC 1 5.63% $10,535
Wyndham Capital Mortgage, Inc. 1 4.75% $29,799
UNITED SECURITY FINANCIAL CORP 1 6.75% $15,514
UNIVERSAL MORTGAGE & FINANCE, INC. 1 6.88% $14,558
University Bank 1 6.75% $11,581
ENVOY MORTGAGE, LTD 1 6.38% $13,735
Farmers Bank & Trust 1 5.13% $2,691
M&T Bank 1 6.50% $3,704
Extraco Banks 1 6.13% $15,597
FIRST ALLIANCE HOME MORTGAGE, LLC 1 6.25% $31,483
MLD MORTGAGE INC. 1 6.88% $17,189
NATIONWIDE MORTGAGE BANKERS, INC. 1 7.13% $8,312
EVERETT FINANCIAL, INC. 1 7.13% $7,504
Fifth Third Bank 1 6.13% $0
First National Bank of Pennsylvania 1 5.63% $17,742
Eagle Bank and Trust Company 1 6.50% $9,752
MID AMERICA MORTGAGE, INC. 1 6.13% $4,809
DELMAR FINANCIAL COMPANY 1 7.50% $24,386
ALLIED MORTGAGE GROUP, INC. 1 7.63% $9,067
MANN FINANCIAL INC. 1 6.50% $17,705
Old National Bank 1 6.99% $8,941
Credence Funding Corporation 1 5.38% $8,656
Cornerstone First Mortgage, Inc 1 5.63% $9,575
First Option Mortgage, LLC 1 7.75% $7,642
First Reliance Bank 1 5.75% $3,674
PLUS RELOCATION MORTGAGE, LLC 1 6.25% $12,556
PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.63% $13,467
ALAMEDA MORTGAGE CORPORATION 1 5.88% $11,760
CityWorth Mortgage LLC 1 5.25% $13,777
Princeton Mortgage Corporation 1 6.13% $20,402
Citizens Bank 1 6.25% $8,506
Red River Bank 1 5.63% $5,006
LOANLEADERS OF AMERICA, INC. 1 6.25% $20,374
RESIDENTIAL HOME FUNDING CORP. 1 5.25% $16,869
First Savings Bank 1 6.25% $3,379
S1L, Inc. 1 5.25% $18,802

The top Virginia Beach VA lender as defined by loan originations is Mortgage Research Center, LLC, with 1,595 VA loans originated. Their average total fees are $8,517, which is $1,771 lower than the next largest lender, AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC.

The lowest fee Virginia Beach VA lenders (with over 10 loans originated) are DRAGAS MORTGAGE COMPANY ($7,523), Wells Fargo Bank ($7,754), EAGLE HOME MORTGAGE, LLC ($7,785), HOMESPIRE MORTGAGE CORPORATION ($7,851) and Barrington Bank & Trust Company, N.A. ($8,017).

The lowest rate Virginia Beach VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.30%), NVR Mortgage Finance, Inc. (5.53%), BNC National Bank (5.55%), PENNYMAC LOAN SERVICES, LLC (5.55%) and U.S. Bank (5.71%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Virginia Beach (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $259,950 (4.0%) $339,419 (4.2%) 0.96 9,291
2018-02-01 $259,949 (4.0%) $337,864 (3.7%) 0.94 9,440
2018-03-01 $268,000 (4.3%) $341,532 (3.0%) 0.94 9,748
2018-04-01 $270,973 (3.1%) $347,750 (2.9%) 0.92 10,134
2018-05-01 $275,000 (3.0%) $353,561 (3.0%) 0.92 10,364
2018-06-01 $279,900 (4.5%) $354,376 (2.8%) 0.93 10,711
2018-07-01 $277,950 (4.9%) $351,885 (3.1%) 0.93 10,856
2018-08-01 $275,450 (4.7%) $350,261 (3.3%) 0.92 10,855
2018-09-01 $275,000 (5.8%) $349,565 (3.2%) 0.92 10,622
2018-10-01 $271,125 (2.4%) $347,084 (1.2%) 0.92 10,558
2018-11-01 $269,913 (3.8%) $346,347 (1.7%) 0.92 10,200
2018-12-01 $270,000 (3.9%) $347,443 (2.3%) 0.93 9,698
2019-01-01 $274,495 (5.6%) $346,475 (2.1%) 0.95 9,192
2019-02-01 $275,000 (5.8%) $343,782 (1.8%) 0.93 8,662
2019-03-01 $281,424 (5.0%) $351,931 (3.0%) 0.92 9,013
2019-04-01 $291,995 (7.8%) $368,650 (6.0%) 0.93 9,376
2019-05-01 $295,000 (7.3%) $370,594 (4.8%) 0.92 9,881
2019-06-01 $295,000 (5.4%) $371,915 (5.0%) 0.92 9,990
2019-07-01 $295,000 (6.1%) $373,546 (6.2%) 0.92 9,822
2019-08-01 $293,539 (6.6%) $373,489 (6.6%) 0.93 9,509
2019-09-01 $291,498 (6.0%) $373,799 (6.9%) 0.93 9,119
2019-10-01 $289,906 (6.9%) $373,411 (7.6%) 0.94 8,811
2019-11-01 $290,000 (7.4%) $374,798 (8.2%) 0.95 8,323
2019-12-01 $299,000 (10.7%) $379,811 (9.3%) 1.00 7,285
2020-01-01 $295,450 (7.6%) $378,488 (9.2%) 0.99 6,791
2020-02-01 $299,000 (8.7%) $381,675 (11.0%) 0.98 6,855
2020-03-01 $299,945 (6.6%) $382,600 (8.7%) 0.94 6,993
2020-04-01 $302,450 (3.6%) $384,999 (4.4%) 0.95 6,975
2020-05-01 $311,270 (5.5%) $394,147 (6.4%) 0.95 6,720
2020-06-01 $319,950 (8.5%) $405,908 (9.1%) 0.94 6,173
2020-07-01 $323,612 (9.7%) $406,848 (8.9%) 0.94 5,868
2020-08-01 $324,900 (10.7%) $412,834 (10.5%) 0.93 5,315
2020-09-01 $319,950 (9.8%) $409,537 (9.6%) 0.92 5,071
2020-10-01 $309,900 (6.9%) $407,696 (9.2%) 0.89 4,794
2020-11-01 $304,023 (4.8%) $407,979 (8.9%) 0.89 4,642
2020-12-01 $299,700 (0.2%) $401,424 (5.7%) 0.89 4,198
2021-01-01 $299,900 (1.5%) $399,836 (5.6%) 0.90 3,750
2021-02-01 $299,900 (0.3%) $403,108 (5.6%) 0.87 3,491
2021-03-01 $299,995 (0.0%) $404,401 (5.7%) 0.85 3,320
2021-04-01 $305,000 (0.8%) $402,911 (4.7%) 0.83 3,501
2021-05-01 $305,000 (-2.0%) $410,598 (4.2%) 0.81 3,567
2021-06-01 $305,000 (-4.7%) $409,582 (0.9%) 0.80 3,861
2021-07-01 $305,000 (-5.8%) $407,657 (0.2%) 0.80 4,133
2021-08-01 $299,900 (-7.7%) $407,012 (-1.4%) 0.80 4,332
2021-09-01 $300,000 (-6.2%) $413,111 (0.9%) 0.80 4,250
2021-10-01 $300,000 (-3.2%) $414,569 (1.7%) 0.80 4,008
2021-11-01 $300,000 (-1.3%) $411,152 (0.8%) 0.80 3,652
2021-12-01 $302,450 (0.9%) $411,186 (2.4%) 0.82 3,102
2022-01-01 $312,250 (4.1%) $420,688 (5.2%) 0.84 2,541
2022-02-01 $319,450 (6.5%) $421,048 (4.5%) 0.83 2,271
2022-03-01 $327,000 (9.0%) $431,180 (6.6%) 0.82 2,232
2022-04-01 $339,500 (11.3%) $444,919 (10.4%) 0.81 2,377
2022-05-01 $349,998 (14.8%) $453,803 (10.5%) 0.80 2,852
2022-06-01 $350,000 (14.8%) $459,304 (12.1%) 0.78 3,241
2022-07-01 $350,000 (14.8%) $466,969 (14.6%) 0.79 3,648
2022-08-01 $349,900 (16.7%) $465,105 (14.3%) 0.81 3,741
2022-09-01 $348,950 (16.3%) $462,051 (11.9%) 0.82 3,647
2022-10-01 $359,900 (20.0%) $470,183 (13.4%) 0.85 3,560
2022-11-01 $359,450 (19.8%) $464,858 (13.1%) 0.86 3,666
2022-12-01 $360,000 (19.0%) $463,615 (12.8%) 0.89 3,366
2023-01-01 $366,918 (17.5%) $466,278 (10.8%) 0.91 3,012
2023-02-01 $371,587 (16.3%) $469,525 (11.5%) 0.90 2,843
2023-03-01 $373,450 (14.2%) $474,770 (10.1%) 0.88 2,749
2023-04-01 $384,000 (13.1%) $489,174 (10.0%) 0.89 2,776
2023-05-01 $386,950 (10.6%) $499,832 (10.1%) 0.88 2,778
2023-06-01 $395,000 (12.9%) $517,611 (12.7%) 0.89 2,929
2023-07-01 $394,900 (12.8%) $512,143 (9.7%) 0.90 3,056
2023-08-01 $383,600 (9.6%) $499,842 (7.5%) 0.88 3,694
2023-09-01 $379,500 (8.8%) $495,508 (7.2%) 0.88 3,556
2023-10-01 $374,450 (4.0%) $477,415 (1.5%) 0.88 3,487
2023-11-01 $377,000 (4.9%) $479,796 (3.2%) 0.90 3,623
2023-12-01 $375,000 (4.2%) $478,951 (3.3%) 0.91 3,492
2024-01-01 $375,000 (2.2%) $482,465 (3.5%) 0.92 3,141
2024-02-01 $384,504 (3.5%) $491,606 (4.7%) 0.93 3,106
2024-03-01 $391,410 (4.8%) $512,736 (8.0%) 0.92 3,142
2024-04-01 $390,000 (1.6%) $511,327 (4.5%) 0.91 3,242
2024-05-01 $395,000 (2.1%) $529,038 (5.8%) 0.89 3,547
Virginia Beach's median listing price for 2024-05-01 was $395,000, a difference of $8,050 (2.1%) versus the prior year and $5,000 versus the prior month.

Virginia Beach's median listing price comes in at 89% of the national average.

Virginia Beach's average listing price for 2024-05-01 was $529,038, a difference of $29,206 (5.8%) versus the prior year and $17,711 versus the prior month.

For the 2024-05-01 period, Virginia Beach had 3,547 MLS listings, a difference of 305 listings (9%) versus the prior month and 769 listings (28%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Virginia Beach (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 78 days 1,948 sqft
2018-02-01 67 days 1,940 sqft
2018-03-01 51 days 1,968 sqft
2018-04-01 47 days 1,994 sqft
2018-05-01 46 days 2,000 sqft
2018-06-01 47 days 2,000 sqft
2018-07-01 52 days 2,000 sqft
2018-08-01 57 days 1,999 sqft
2018-09-01 59 days 2,000 sqft
2018-10-01 61 days 1,980 sqft
2018-11-01 62 days 1,979 sqft
2018-12-01 70 days 1,975 sqft
2019-01-01 72 days 1,972 sqft
2019-02-01 63 days 1,984 sqft
2019-03-01 48 days 2,004 sqft
2019-04-01 43 days 2,033 sqft
2019-05-01 43 days 2,035 sqft
2019-06-01 45 days 2,038 sqft
2019-07-01 52 days 2,021 sqft
2019-08-01 54 days 2,005 sqft
2019-09-01 56 days 2,002 sqft
2019-10-01 57 days 2,000 sqft
2019-11-01 59 days 2,001 sqft
2019-12-01 66 days 2,023 sqft
2020-01-01 70 days 2,001 sqft
2020-02-01 50 days 2,001 sqft
2020-03-01 44 days 2,028 sqft
2020-04-01 48 days 2,035 sqft
2020-05-01 53 days 2,053 sqft
2020-06-01 48 days 2,073 sqft
2020-07-01 42 days 2,053 sqft
2020-08-01 38 days 2,050 sqft
2020-09-01 38 days 2,012 sqft
2020-10-01 39 days 1,974 sqft
2020-11-01 39 days 1,936 sqft
2020-12-01 45 days 1,899 sqft
2021-01-01 46 days 1,876 sqft
2021-02-01 35 days 1,843 sqft
2021-03-01 29 days 1,860 sqft
2021-04-01 26 days 1,871 sqft
2021-05-01 23 days 1,867 sqft
2021-06-01 25 days 1,856 sqft
2021-07-01 26 days 1,824 sqft
2021-08-01 28 days 1,800 sqft
2021-09-01 31 days 1,800 sqft
2021-10-01 31 days 1,800 sqft
2021-11-01 32 days 1,769 sqft
2021-12-01 37 days 1,779 sqft
2022-01-01 40 days 1,800 sqft
2022-02-01 26 days 1,800 sqft
2022-03-01 22 days 1,821 sqft
2022-04-01 19 days 1,855 sqft
2022-05-01 21 days 1,887 sqft
2022-06-01 23 days 1,900 sqft
2022-07-01 26 days 1,904 sqft
2022-08-01 33 days 1,916 sqft
2022-09-01 37 days 1,908 sqft
2022-10-01 37 days 1,944 sqft
2022-11-01 39 days 1,945 sqft
2022-12-01 49 days 1,943 sqft
2023-01-01 52 days 1,949 sqft
2023-02-01 38 days 1,952 sqft
2023-03-01 38 days 1,965 sqft
2023-04-01 30 days 2,000 sqft
2023-05-01 29 days 2,008 sqft
2023-06-01 29 days 2,027 sqft
2023-07-01 33 days 2,005 sqft
2023-08-01 31 days 1,961 sqft
2023-09-01 36 days 1,971 sqft
2023-10-01 39 days 1,927 sqft
2023-11-01 38 days 1,941 sqft
2023-12-01 45 days 1,938 sqft
2024-01-01 50 days 1,921 sqft
2024-02-01 36 days 1,934 sqft
2024-03-01 34 days 1,953 sqft
2024-04-01 32 days 1,931 sqft
2024-05-01 30 days 1,939 sqft
Virginia Beach's median listing age (time on market) for 2024-05-01 was 30 days. This is 5% longer than the same period one year ago.

Virginia Beach's median square footage for active listings during the 2024-05-01 period was 1,939 sqft. One year prior, the average listing was 2,008 sqft.

VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.