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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

$347,699

AVERAGE PRICE OF 967 HOMES

$181,889

AVERAGE PRICE OF 23 DISTRESSED HOMES

$1,492,667

AVERAGE PRICE OF 15 MULTI-MILLION DOLLAR HOMES

$502,148

AVERAGE PRICE OF 121 NEWLY BUILT HOMES

$494,031

AVERAGE PRICE OF 16 HOMES WITH A POOL

$352,424

AVERAGE PRICE OF 37 REDUCED PRICE HOMES

Average Home

Average Price $347,699
Avg Bedrooms 2.99 beds
Avg Bathrooms 1.77 baths

Average Price by Bedrooms

1 bedroom $244,791
2 bedrooms $222,506
3 bedrooms $316,127
4 bedrooms $399,366
5 bedrooms $499,533
Norfolk Home Price Trends
  8/2022 7/2022 6/2022 5/2022 4/2022
Total Listings 1,013 1,010 n/a n/a n/a
Average Price $341,295 $344,104 n/a n/a n/a
Avg Price Change -0.82% n/a n/a n/a n/a
Median Price $289,922 $290,118 n/a n/a n/a
Med Price Change -0.07% n/a n/a n/a n/a
Avg Bedrooms 2.91 beds 2.91 beds n/a n/a n/a
Avg Bathrooms 1.73 baths 1.74 baths n/a n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bt Washington 135 $261,915 51 days
Granby 200 $302,538 55 days
Lake Taylor 203 $434,255 68 days
Maury 222 $372,262 64 days
Norview 186 $303,250 46 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 967 $347,699 63 days
Distressed Homes 23 $181,889 88 days
Multi-Million Dollar Homes 15 $1,492,667 107 days
Newly Built Homes 121 $502,148 90 days
Homes with a Pool 16 $494,031 48 days
Reduced Price Homes 37 $352,424 43 days