Lynnhaven Shores Home Prices & Values

$347,700 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.2% 1-year change
  • 0.8% 1-year forecast

Market Temperature: Very ColdWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this neighborhood relative to other neighborhoods in the same metropolitan area. A particular neighborhood may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Lynnhaven Shores is $347,700. Lynnhaven Shores home values have gone up 2.2% over the past year and Zillow predicts they will rise 0.8% within the next year. The median list price per square foot in Lynnhaven Shores is $205, which is higher than the Virginia Beach average of $148. The median price of homes currently listed in Lynnhaven Shores is $339,000 while the median price of homes that sold is $315,077.

Foreclosures will be a factor impacting home values in the next several years. In Lynnhaven Shores 2.1 homes are foreclosed (per 10,000). This is lower than the Virginia Beach value of 5.7 and also lower than the national value of 4.4

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Relative ZHVI
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Lynnhaven Shores Market Overview

Data through Jul 31, 2014
  • $347,700 ZHVI
  • 0.8% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $339,000 Median listing price
  • $315,077 Median sale price
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Lynnhaven Shores Market Health

Data through Jul 31, 2014
  • 4.2/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • No data Homes with negative equity (17.0% US Avg)
  • No data Delinquent on mortgage (6.9% US Avg)

Homes foreclosed (per 10,000)

2.1 homes Lynnhaven Shores
5.7 homes Virginia Beach
4.4 homes United States
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Nearby Neighborhoods

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Bay Colony $715,200 Broad Bay Colony $656,400 The North End $589,400
Alanton $417,800 Chesapeake Beach $359,800 Thoroughgood $350,000
Great Neck $334,300 Kings Grant $322,800 Pembroke $285,100

Listings & Sales

Data through Jul 31, 2014
  • $205 Median list price / sq ft
  • $184 Median sale price / sq ft
  • 48.3% Listings with price cut
30.8%
Sold below listing
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Lynnhaven Shores Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,709 Lynnhaven Shores
$1,543 Virginia Beach
$1,318 United States
  • 6.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • $1.16 Rent list price / sq ft
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