If you need assistance, please call 757-447-2877

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

$351,562

AVERAGE PRICE OF 748 HOMES

$179,701

AVERAGE PRICE OF 38 DISTRESSED HOMES

$1,853,725

AVERAGE PRICE OF 12 MULTI-MILLION DOLLAR HOMES

$492,563

AVERAGE PRICE OF 104 NEWLY BUILT HOMES

$426,729

AVERAGE PRICE OF 17 HOMES WITH A POOL

$305,873

AVERAGE PRICE OF 23 REDUCED PRICE HOMES

Average Home

Average Price $351,562
Avg Bedrooms 2.9 beds
Avg Bathrooms 1.74 baths

Average Price by Bedrooms

1 bedroom $244,177
2 bedrooms $238,975
3 bedrooms $311,645
4 bedrooms $407,446
5 bedrooms $491,651
Norfolk Home Price Trends
  12/2022 11/2022 10/2022 9/2022 8/2022
Total Listings 745 816 878 967 1,013
Average Price $348,636 $344,605 $339,298 $344,896 $341,295
Avg Price Change +1.17% +1.56% -1.65% +1.06% -0.82%
Median Price $288,317 $287,018 $287,953 $289,936 $289,922
Med Price Change +0.45% -0.33% -0.69% +0.00% -0.07%
Avg Bedrooms 2.87 beds 2.91 beds 2.94 beds 2.98 beds 2.91 beds
Avg Bathrooms 1.7 baths 1.73 baths 1.75 baths 1.76 baths 1.73 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bt Washington 111 $262,889 64 days
Granby 154 $299,779 68 days
Lake Taylor 137 $409,619 72 days
Maury 182 $378,808 63 days
Norview 143 $327,724 60 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 748 $351,562 72 days
Distressed Homes 38 $179,701 64 days
Multi-Million Dollar Homes 12 $1,853,725 145 days
Newly Built Homes 104 $492,563 66 days
Homes with a Pool 17 $426,729 47 days
Reduced Price Homes 23 $305,873 42 days