Norfolk, VA Home Values & Market Trends
Real estate market trends reflect that there have been 3,982 transactions over the past year in Norfolk. The median value for residential home transactions that occurred over the previous year is $332,744. The number of current listings in Norfolk is 3,849, and the percentage of properties for sale in the city is 3849.00%. Norfolk, VA currently has 159 properties in foreclosure, 85 bank owned properties, 74 properties headed for auction, and 3,849 properties for sale.
Norfolk, VA Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 23513 | $ 299,900 $ 211/sqft | 23507 | $ 508,426 $ 229/sqft |
| 23518 | $ 371,162 $ 241/sqft | 23523 | $ 276,518 $ 175/sqft |
| 23503 | $ 350,000 $ 234/sqft | 23510 | $ 324,782 $ 250/sqft |
| 23505 | $ 345,547 $ 223/sqft | 23517 | $ 341,806 $ 227/sqft |
| 23502 | $ 337,445 $ 208/sqft | 23515 | $ -- $ -- |
| 23509 | $ 311,433 $ 218/sqft | 23511 | $ -- $ -- |
| 23508 | $ 408,312 $ 223/sqft | 23551 | $ -- $ -- |
| 23504 | $ 294,097 $ 187/sqft | 23501 | $ -- $ -- |
Housing Market Summary for Norfolk, VA
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $313.5K | $309K | -1.44% |
| Median Sold Price | $305.4K | $311.3K | 1.92% |
| Homes For Sale | 2,921 | 3,796 | 29.96% |
| Homes Sold | 1,064 | 977 | -8.18% |
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 Norfolk, VA
Browse Homes in Norfolk, VA
Norfolk home values range from $32,193 to $2,067,341. The median estimated value of a home in Norfolk is $332,744. The median list price of a home is 309,000, and the total count of properties in the city is 5,146.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Norfolk, VA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 16 zips within Norfolk, VA; of those zips, 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 Norfolk, VA ranges from the highest value of $449,900 in 23517 to the lowest value of $65,000 in 23504. Bank owned homes and properties account for 1.65% of properties in Norfolk, VA. There are 16 zips within Norfolk, VA; 23513 containing 18 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions23513 has 20 auction properties, the highest number of properties going to auction in a single zip in the state of Norfolk, VA. Auction homes and other auction properties account for 1.44% of all properties in Norfolk, VA. There are 16 zips within Norfolk, VA; of those zips, the median estimated home value for homes going to auction ranges from $405,357 in 23517 to the lowest value of $156,358 in 23517.
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More Real Estate Resources for Norfolk, VA
Guide for Norfolk, VA
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.
