23518 Home Values & Market Trends
There are 67 homes currently listed for 23518. 23518 real estate market trends show that home prices range from $3,500 to $1,250,000, and the median sales price in the 23518 zip code is $297,088.55. The total number of properties sold within the past twelve months is 597. In 23518, 11 properties are in foreclosure, 4 are bank owned properties,and 7 are headed for auction.
23518 Real Estate Market Overview
City | Median Est. Value |
---|---|
Norfolk | $ 297,527 $ 194/sqft |
Housing Market Summary for 23518
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $389K | $306.4K | -21.22% |
Median Sold Price | $303K | $306.4K | 1.12% |
Homes For Sale | 38 | 46 | 21.05% |
Homes Sold | 346 | 278 | -19.65% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in 23518
Browse Homes in 23518
The median list price of a home in Norfolk, is $297,088.55. A total of 67 properties are for sale, and the percentage of properties for sale in the zip code is 67.00%. The total count of 23518 properties is 9,472.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 23518 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 23518; 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 OwnedThe median estimated home value of bank owned homes (REO properties) in 23518 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 0.04% of properties in 23518. There is 1 cities within 23518; norfolk containing 17 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsnorfolk has 67 auction properties, the highest number of properties going to auction in a single city in the state of 23518. Auction homes and other auction properties account for 0.07% of all properties in 23518. There is 1 cities within 23518; 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.
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Guide for 23518
The Chesapeake real estate market has seen steady growth in property values, increasing by 7% over 11 months.
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.
Virginia Foreclosure Laws
Learn how to secure a house mortgage even with a low credit score.