Indian Lakes is a vibrant and well-established community located in the Salem area of Virginia Beach, VA. This neighborhood, situated off Pleasant Valley Road and Ferrell Parkway, offers a perfect blend of location, amenities, and a variety of housing options for prospective buyers. With approximately 2,400 single-family homes, townhouses, and condos, Indian Lakes continues to attract families, young professionals, and retirees alike.
Neighborhood Overview
- Homes: Single-family homes, townhouses, and condos.
- Average Size: Condos-1,1591 square feet, Townhouses-1,359 square fee, Single-family homes-1,682 square feet
- Average Year Built: 1980's
- Nearby Neighborhoods: Salem Woods and Glenwood.
- Schools: Providence Elementary, Salem Middle, and Salem High.
Indian Lakes has grown into a desirable location due to its affordable price points, proximity to major roadways, nearby amenities, and community feel.
Housing Market Snapshot: Strong Sales, Low Inventory
The real estate market in Indian Lakes remains competitive, with low inventory across all property types driving demand. Below is a breakdown of recent sales in Indian Lakes over the past six months for condos, townhouses, and single-family homes:
| Property Type | Homes Sold | Average Sold Price | Median Sold Price | Average Days on Market (DOM) |
|---|---|---|---|---|
| Condos | 10 | $209,385 | $208,250 | 42 |
| Townhouses | 17 | $271,365 | $260,000 | 15 |
| Single-Family | 25 | $372,944 | $365,000 | 19 |
Condos Market Highlights:
- Condos in Indian Lakes average just over 1,000 square feet and appeal to first-time buyers and investors.
- Recent sales ranged between $183,000 and $255,000, with a median sales price of $208,250.
- The market indicates a strong demand despite a slightly longer average market time of 42 days.
Townhouses Market Highlights:
- Townhouses offer larger spaces, with average square footage at 1,359, catering to families and professionals.
- Sold prices ranged between $210,000 and $325,000, with a median sales price of $260,000.
- A quick turnover rate, at just 15 days on average, shows high demand for these properties.
Single-Family Homes Market Highlights:
- Single-family homes remain the most sought-after housing type, with average square footage of 1,682.
- Prices ranged between $278,000 and $464,900. The median sales price was $365,000.
- These homes average just 19 days on the market, indicating even lower inventory and competitive buyer interest.
Why Indian Lakes?
Indian Lakes offers more than just housing—it delivers a sense of community and convenience. With its central location in Virginia Beach, residents enjoy access to nearby shopping, entertainment, and outdoor activities while benefiting from a tranquil neighborhood atmosphere.
- Amenities: Nearby parks, recreational facilities, and walking trails.
- Schools: Families reside here for the highly rated local schools.
- Strong Community Spirit: Indian Lakes fosters a sense of belonging, with a community swimming pool and a few parks.
Thinking of Selling? Now Is the Time
The real estate market in Indian Lakes is undeniably strong right now. With high buyer interest and limited inventory, sellers have a significant advantage. Many homes are receiving competitive offers within days of being listed, often at or above listing price.
If you’re a homeowner in Indian Lakes, this may be the best time to sell your property. Take advantage of this unique sellers’ market before conditions change. I am here to provide you with a personalized market analysis and guide you through the selling process.
Buying in Indian Lakes?
Whether you’re looking for a cozy condo, a spacious townhouse, or the perfect single-family home, Indian Lakes has something to offer. As inventory is low, buyers need a real estate professional who understands the market and can help secure your dream home.
Don’t wait—let’s start the conversation today. Contact me for expert assistance if you’re considering buying or selling in Indian Lakes. I’d love to use my local knowledge and market expertise to help you achieve your real estate goals.
Robin Gauthier NextHome Tidewater Realty 
I specialize in helping buyer and sellers reach their real estate goals in the Tidewater area of Virginia and North Carolina with my areas of expertise being Great Bridge, Grassfield and Hickory sections of Chesapeake and Kempsville section of Virginia Beach.
Licensed Real Estate Broker in Virginia 0225181163 and North Carolina 301068
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