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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

$386,705

AVERAGE PRICE OF 845 HOMES

$220,871

AVERAGE PRICE OF 30 DISTRESSED HOMES

$1,569,792

AVERAGE PRICE OF 26 MULTI-MILLION DOLLAR HOMES

$475,804

AVERAGE PRICE OF 123 NEWLY BUILT HOMES

$629,668

AVERAGE PRICE OF 16 HOMES WITH A POOL

$374,968

AVERAGE PRICE OF 32 REDUCED PRICE HOMES

Average Home

Average Price $386,705
Avg Bedrooms 2.88 beds
Avg Bathrooms 1.8 baths

Average Price by Bedrooms

1 bedroom $205,615
2 bedrooms $259,643
3 bedrooms $352,693
4 bedrooms $434,508
5 bedrooms $507,740
Norfolk Home Price Trends
  8/2023 7/2023 6/2023 5/2023 4/2023
Total Listings 805 780 784 762 745
Average Price $392,493 $389,141 $392,028 $375,584 $355,909
Avg Price Change +0.86% -0.74% +4.38% +5.53% +2.41%
Median Price $326,375 $322,263 $322,122 $320,081 $301,677
Med Price Change +1.28% +0.04% +0.64% +6.10% +1.66%
Avg Bedrooms 2.91 beds 2.95 beds 3 beds 3.02 beds 2.9 beds
Avg Bathrooms 1.8 baths 1.8 baths 1.8 baths 1.81 baths 1.73 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bt Washington 113 $321,146 59 days
Granby 201 $345,512 65 days
Lake Taylor 141 $494,400 68 days
Maury 249 $406,950 52 days
Norview 120 $304,072 41 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 845 $386,705 58 days
Distressed Homes 30 $220,871 76 days
Multi-Million Dollar Homes 26 $1,569,792 95 days
Newly Built Homes 123 $475,804 84 days
Homes with a Pool 16 $629,668 41 days
Reduced Price Homes 32 $374,968 38 days