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Norfolk

Why you'd want to live in Norfolk

Norfolk is a waterfront city in southeastern Virginia. It’s home to Naval Station Norfolk, a massive naval base on Chesapeake Bay. Nauticus is a maritime museum that features the Battleship Wisconsin, a huge WWII warship. The Chrysler Museum of Art showcases a vast collection of glass art, plus European and American paintings and sculpture. The riverside Virginia Zoo is home to bears, birds, lions and farm animals.

Norfolk Market Report

$410,278

AVERAGE PRICE OF 887 HOMES

$238,150

AVERAGE PRICE OF 59 DISTRESSED HOMES

$1,734,313

AVERAGE PRICE OF 32 MULTI-MILLION DOLLAR HOMES

$533,269

AVERAGE PRICE OF 63 NEWLY BUILT HOMES

$1,068,000

AVERAGE PRICE OF 6 HOMES WITH A POOL

$341,416

AVERAGE PRICE OF 42 REDUCED PRICE HOMES

Average Home

Average Price $410,278
Avg Bedrooms 2.89 beds
Avg Bathrooms 1.76 baths

Average Price by Bedrooms

1 bedroom $213,223
2 bedrooms $272,962
3 bedrooms $342,247
4 bedrooms $457,829
5 bedrooms $467,814
Norfolk Home Price Trends
  11/2025 10/2025 9/2025 8/2025 7/2025
Total Listings 963 989 985 992 999
Average Price $410,123 $407,321 $405,670 $397,036 $401,599
Avg Price Change +0.69% +0.41% +2.17% -1.15% -1.28%
Median Price $327,236 $326,478 $328,931 $327,444 $331,530
Med Price Change +0.23% -0.75% +0.45% -1.25% -0.85%
Avg Bedrooms 2.92 beds 2.96 beds 2.96 beds 2.92 beds 2.92 beds
Avg Bathrooms 1.77 baths 1.8 baths 1.82 baths 1.78 baths 1.78 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Maury 271 $405,143 68 days
Total Homes Average Price Avg Days on Site
All Homes 887 $410,278 69 days
Distressed Homes 59 $238,150 94 days
Multi-Million Dollar Homes 32 $1,734,313 128 days
Newly Built Homes 63 $533,269 88 days
Homes with a Pool 6 $1,068,000 50 days
Reduced Price Homes 42 $341,416 52 days
2025 REIN, Inc. Information Deemed Reliable But Not Guaranteed. The listings data displayed on this medium comes in part from the Real Estate Information Network, Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent. © 2025 REIN. REIN's listings data and information is protected under federal copyright laws. Federal law prohibits, among other acts, the unauthorized copying or alteration of, or preparation of derivative works from, all or any part of copyrighted materials, including certain compilations of data and information. COPYRIGHT VIOLATORS MAY BE SUBJECT TO SEVERE FINES AND PENALTIES UNDER FEDERAL LAW. REIN updates its listings on a daily basis. Data last updated: December 12, 2025. This application does not include information on all of the properties available for sale at this time.

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