Central Business District of Virginia Beach Housing Market Trends
What is the housing market like in Central Business District of Virginia Beach today?
In September 2024, Central Business District of Virginia Beach home prices were down 55.8% compared to last year, selling for a median price of $255K. On average, homes in Central Business District of Virginia Beach sell after 80 days on the market compared to 82 days last year. There were 1 homes sold in September this year, down from 4 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$255,000
-55.8% YoY | Sep 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Sep 2024
Growth
% YoY
Central Business District of Virginia Beach, VA
$255,000
-55.8%
United States
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All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
86.4%
-23.4 pt YoY | Sep 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Sep 2024
Growth
% YoY
Central Business District of Virginia Beach, VA
86.4%
-23.4 pt
United States
View houses in Central Business District of Virginia Beach that sold recently
Schools in Central Business District of Virginia Beach
Learn about schools in the Central Business District of Virginia Beach area
Elementary
Middle
High
GreatSchools Rating
No elementary schools in this region.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Central Business District of Virginia Beach housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Central Business District of Virginia Beach.
Flood Factor - Moderate
93% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Central Business District of Virginia Beach has a moderate risk of flooding. 27 properties in Central Business District of Virginia Beach are likely to be
severely affected
by flooding over the next 30 years. This represents 93% of all properties in Central Business District of Virginia Beach. Flood risk is increasing faster than the national average.
100% of properties are at severe
risk of a severe wind event over the next 30 years
Wind Factor
Central Business District of Virginia Beach has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Central Business District of Virginia Beach is most at risk from hurricanes. 99 properties in Central Business District of Virginia Beach have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 128 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 138 mph.
100% of properties are at extreme
risk of heat over the next 30 years
Heat Factor
Central Business District of Virginia Beach has an extreme risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Central Business District of Virginia Beach have an Extreme Heat Factor®.
Central Business District of Virginia Beach is expected to see a 128% increase in the number of days over 105ºF over the next 30 years. Central Business District of Virginia Beach is expected to experience 6