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

$406,398

AVERAGE PRICE OF 904 HOMES

$237,453

AVERAGE PRICE OF 28 DISTRESSED HOMES

$1,832,187

AVERAGE PRICE OF 31 MULTI-MILLION DOLLAR HOMES

$526,141

AVERAGE PRICE OF 75 NEWLY BUILT HOMES

$693,305

AVERAGE PRICE OF 19 HOMES WITH A POOL

$360,667

AVERAGE PRICE OF 31 REDUCED PRICE HOMES

Average Home

Average Price $406,398
Avg Bedrooms 2.88 beds
Avg Bathrooms 1.8 baths

Average Price by Bedrooms

1 bedroom $231,580
2 bedrooms $291,862
3 bedrooms $348,632
4 bedrooms $443,535
5 bedrooms $554,425
Norfolk Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 883 830 772 803 787
Average Price $397,248 $399,697 $396,686 $388,220 $380,924
Avg Price Change -0.62% +0.76% +2.18% +1.92% +1.89%
Median Price $320,729 $323,127 $319,751 $316,735 $314,995
Med Price Change -0.75% +1.06% +0.95% +0.55% +0.29%
Avg Bedrooms 2.92 beds 2.89 beds 2.89 beds 2.92 beds 2.93 beds
Avg Bathrooms 1.8 baths 1.77 baths 1.75 baths 1.76 baths 1.76 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Maury 290 $434,534 56 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 904 $406,398 55 days
Distressed Homes 28 $237,453 64 days
Multi-Million Dollar Homes 31 $1,832,187 120 days
Newly Built Homes 75 $526,141 63 days
Homes with a Pool 19 $693,305 69 days
Reduced Price Homes 31 $360,667 38 days