23508 Home Values & Market Trends
There are 328 homes currently listed for 23508. 23508 real estate market trends show that home prices range from $135,000 to $7,500,000, and the median sales price in the 23508 zip code is $408,312. The total number of properties sold within the past twelve months is 340. In 23508, 9 properties are in foreclosure, 6 are bank owned properties,and 3 are headed for auction.
23508 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Norfolk | $ 333,050 $ 220/sqft |
Housing Market Summary for 23508
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $375K | $367.4K | -2.01% |
| Median Sold Price | $402.5K | $438.6K | 8.97% |
| Homes For Sale | 261 | 324 | 24.14% |
| Homes Sold | 90 | 81 | -10.00% |
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 23508
Browse Homes in 23508
The median list price of a home in Norfolk, is $408,312. A total of 328 properties are for sale, and the percentage of properties for sale in the zip code is 328.00%. The total count of 23508 properties is 425.
- Pre-ForeclosurePre-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 OwnedThe median estimated home value of bank owned homes (REO properties) in 23508 ranges from the highest value of $670,972 in norfolk to the lowest value of $65,000 in norfolk. Bank owned homes and properties account for 1.41% of properties in 23508. There is 1 cities within 23508; norfolk containing 83 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsnorfolk has 76 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 0.71% 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 $713,933 in norfolk to the lowest value of $156,358 in norfolk.
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More Real Estate Resources for 23508
Guide for 23508
Virginia Foreclosure Laws
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
