Ocean Lakes, VA Housing Market
The Ocean Lakes housing market is very competitive. The median sale price of a home in Ocean Lakes was $420K last month, up 2.4% since last year. The median sale price per square foot in Ocean Lakes is $262, up 11.7% since last year.
Ocean Lakes Housing Market Trends
In July 2025, Ocean Lakes home prices were up 2.4% compared to last year, selling for a median price of $420K. On average, homes in Ocean Lakes sell after 25 days on the market compared to 18 days last year. There were 45 homes sold in July this year, up from 29 last year.

How much is your home worth? Track your home’s value and compare it to nearby sales.

How hot is the Ocean Lakes housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for around list price and go pending in around 25 days.
- Hot homescan sell for about 1% above list price and go pending in around 16 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
- Multiple offers are rare.
- The average homes sell for about 3% below list price and go pending in around 86 days.
- Hot homescan sell for around list price and go pending in around 48 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
- Some homes get multiple offers.
- The average homes sell for about 2% below list price and go pending in around 49 days.
- Hot homescan sell for around list price and go pending in around 16 days.
View houses in Ocean Lakes that sold recently
Recently sold homes
- $491,500 Last Sold Price4 beds2 baths1,850 sq ft1808 Gershwin Dr, Virginia Beach, VA 23454List Price$485,000Sale to List1% over listDays on Market49 days1808 Gershwin Dr, Virginia Beach, VA 23454
- $345,000 Last Sold Price3 beds2.5 baths1,452 sq ft1655 Mantane Arch, Virginia Beach, VA 23454List Price$340,000Sale to List1% over listDays on Market14 days1655 Mantane Arch, Virginia Beach, VA 23454
- $429,900 Last Sold Price3 beds2 baths1,400 sq ft1116 Lethbridge Ct, Virginia Beach, VA 23454List Price$429,900Sale to List0% over listDays on Market35 days1116 Lethbridge Ct, Virginia Beach, VA 23454
- $405,000 Last Sold Price3 beds2 baths1,454 sq ft1080 Debaca Ct, Virginia Beach, VA 23454List Price$399,999Sale to List1% over listDays on Market35 days1080 Debaca Ct, Virginia Beach, VA 23454
- $575,000 Last Sold Price4 beds2.5 baths2,192 sq ft2120 Schubert Dr, Virginia Beach, VA 23454List Price$575,000Sale to List0% over listDays on Market41 days2120 Schubert Dr, Virginia Beach, VA 23454
- $451,000 Last Sold Price4 beds2.5 baths1,848 sq ft1865 Grinnell Ct, Virginia Beach, VA 23454List Price$445,000Sale to List1% over listDays on Market35 days1865 Grinnell Ct, Virginia Beach, VA 23454
- $375,000 Last Sold Price3 beds2 baths1,310 sq ft823 Avatar Dr, Virginia Beach, VA 23454List Price$375,500Sale to List0% under listDays on Market67 days823 Avatar Dr, Virginia Beach, VA 23454
- $490,000 Last Sold Price4 beds2.5 baths2,190 sq ft1101 Revelstroke Ct, Virginia Beach, VA 23454List Price$490,000Sale to List0% over listDays on Market98 days1101 Revelstroke Ct, Virginia Beach, VA 23454
See all recently sold homes in Ocean Lakes.
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Schools in Ocean Lakes
- Elementary
- Middle
- High
GreatSchools Rating
No elementary schools in this region.
Climate's impact on Ocean Lakes housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Ocean Lakes.
Flood Factor - Minor
Flood Factor

Fire Factor - Moderate
Fire Factor

Wind Factor - Severe
Wind Factor

Wind likelihood over time
Heat Factor - Extreme
Heat Factor

Transportation in Ocean Lakes
Walk Score®
Transit Score®
Bike Score®
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