23508 Home Values & Market Trends

There are 17 homes currently listed for 23508. 23508 real estate market trends show that home prices range from $173,500 to $849,000, and the median sales price in the 23508 zip code is $359,888.48. The total number of properties sold within the past twelve months is 307. In 23508, 4 properties are in foreclosure, 1 are bank owned properties,and 3 are headed for auction.

23508 Real Estate Market Overview

CityMedian Est. Value
Norfolk

$ 295,333

$ 194/sqft

Housing Market Summary for 23508

Apr 2023March 2024Change
Median Listing Price$354.9K$328.9K-7.34%
Median Sold Price$311K$328.9K5.75%
Homes For Sale141614.29%
Homes Sold150132-12.00%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 23508

The median list price of a home in Norfolk, is $359,888.48. A total of 17 properties are for sale, and the percentage of properties for sale in the zip code is 17.00%. The total count of 23508 properties is 4,984.

Foreclosure
There is 1 cities within 23508; within this cities, the median estimated home value for homes in foreclosure ranges from $771,997 in norfolk to the lowest value of $85,810 in norfolk. Foreclosure homes account for 0.00% of properties in 23508 with norfolk containing 79 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in 23508 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 23508; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 23508 ranges from the highest value of $518,645 in norfolk to the lowest value of $85,810 in norfolk. Bank owned homes and properties account for 0.02% of properties in 23508. There is 1 cities within 23508; norfolk containing 18 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    norfolk has 61 auction properties, the highest number of properties going to auction in a single city in the state of 23508. Auction homes and other auction properties account for 0.06% of all properties in 23508. There is 1 cities within 23508; of that cities, the median estimated home value for homes going to auction ranges from $771,997 in norfolk to the lowest value of $108,734 in norfolk.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.34% of residential properties in 23508 with norfolk containing 386 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 23508; homes for sale in that cities, have a range of median values from $1,699,500 in norfolk to the lowest value of $71,770 in norfolk.
    Sold Homes
    The median value for recently sold homes ranges from $2,237,005 in norfolk to the lowest price of $54,835 in norfolk. There is 1 cities within 23508. norfolk has 1766 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.67% of properties in 23508.

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      Guide for 23508

      Market Reports
      Richmond Real Estate on the Rise: Property Values Up 7% from 2023 to 2024
      Market Reports
      Steady Growth Marks Norfolk Real Estate Landscape; Property Value Reaches $315K in March 2024
      Market Reports
      Chesapeake Property Values Rise 7%, Sales Dynamics Vary in Recent Analysis
      Market Reports
      Virginia Beach House Values Show Impressive Uptrend: Average Value Soars from $375k to $405k in 2023
      See More Articles
      Richmond Real Estate on the Rise: Property Values Up 7% from 2023 to 2024
      Market Reports|posted 1 April 2024

      Richmond’s real estate market shows consistent growth, with trends indicating increasing property values and demand.

      Steady Growth Marks Norfolk Real Estate Landscape; Property Value Reaches $315K in March 2024
      Market Reports|posted 25 March 2024

      A glance at the real estate market in Norfolk, Virginia, highlighting rising property values, increasing desirability, and trends in nearby cities.

      Chesapeake Property Values Rise 7%, Sales Dynamics Vary in Recent Analysis
      Market Reports|posted 20 March 2024

      The Chesapeake real estate market has seen steady growth in property values, increasing by 7% over 11 months.

      Virginia Beach House Values Show Impressive Uptrend: Average Value Soars from $375k to $405k in 2023
      Market Reports|posted 13 February 2024

      The property market in Virginia Beach, VA, has generally seen an increase in property values, per square foot values, and sold prices from 2022 to 2023. Factors such as economic growth and societal changes may contribute to this upward trend.

      Recently Listed Homes 23508

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