23508 Home Values & Market Trends

There are 15 homes currently listed for 23508. 23508 real estate market trends show that home prices range from $173,500 to $649,900, and the median sales price in the 23508 zip code is $361,702.62. The total number of properties sold within the past twelve months is 322. In 23508, 6 properties are in foreclosure, 1 are bank owned properties,and 5 are headed for auction.

23508 Real Estate Market Overview

CityMedian Est. Value
Norfolk

$ 297,527

$ 194/sqft

Housing Market Summary for 23508

Mar 2023February 2024Change
Median Listing Price$388.7K$351.8K-9.50%
Median Sold Price$328.5K$351.8K7.10%
Homes For Sale1613-18.75%
Homes Sold1361402.94%
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 $361,702.62. A total of 15 properties are for sale, and the percentage of properties for sale in the zip code is 15.00%. 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 $532,058 in norfolk to the lowest value of $86,650 in norfolk. Foreclosure homes account for 0.00% of properties in 23508 with norfolk containing 84 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 $532,058 in norfolk to the lowest value of $86,650 in norfolk. Bank owned homes and properties account for 0.02% of properties in 23508. There is 1 cities within 23508; norfolk containing 17 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    norfolk has 67 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 0.10% 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 $485,590 in norfolk to the lowest value of $110,760 in norfolk.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.30% of residential properties in 23508 with norfolk containing 385 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 $1,723,050 in norfolk to the lowest value of $45,666 in norfolk.
    Sold Homes
    The median value for recently sold homes ranges from $2,531,060 in norfolk to the lowest price of $25,360 in norfolk. There is 1 cities within 23508. norfolk has 1682 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.53% of properties in 23508.

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      Guide for 23508

      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
      gavel for real estate auction
      Home Buying Guides & Tips
      Virginia Foreclosure Laws
      Home Buying Financing
      How To Get House Mortgage With Low Credit Score
      See More Articles
      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.

      gavel for real estate auction
      Virginia Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2015

      Virginia Foreclosure Laws

      How To Get House Mortgage With Low Credit Score
      Home Buying Financing|posted 22 March 2024

      Learn how to secure a house mortgage even with a low credit score.

      Recently Listed Homes 23508

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