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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

$393,720

AVERAGE PRICE OF 776 HOMES

$184,930

AVERAGE PRICE OF 20 DISTRESSED HOMES

$1,605,543

AVERAGE PRICE OF 23 MULTI-MILLION DOLLAR HOMES

$473,950

AVERAGE PRICE OF 114 NEWLY BUILT HOMES

$579,249

AVERAGE PRICE OF 16 HOMES WITH A POOL

$550,054

AVERAGE PRICE OF 24 REDUCED PRICE HOMES

Average Home

Average Price $393,720
Avg Bedrooms 3.02 beds
Avg Bathrooms 1.81 baths

Average Price by Bedrooms

1 bedroom $255,879
2 bedrooms $249,158
3 bedrooms $344,406
4 bedrooms $428,589
5 bedrooms $473,596
Norfolk Home Price Trends
  5/2023 4/2023 3/2023 2/2023 1/2023
Total Listings 762 745 740 762 708
Average Price $375,584 $355,909 $347,548 $351,165 $347,922
Avg Price Change +5.53% +2.41% -1.04% +0.93% -0.21%
Median Price $320,081 $301,677 $296,752 $299,095 $290,758
Med Price Change +6.10% +1.66% -0.79% +2.87% +0.85%
Avg Bedrooms 3.02 beds 2.9 beds 2.84 beds 2.89 beds 2.87 beds
Avg Bathrooms 1.81 baths 1.73 baths 1.71 baths 1.73 baths 1.7 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bt Washington 110 $326,954 49 days
Granby 175 $358,084 52 days
Lake Taylor 156 $452,861 56 days
Maury 213 $408,995 44 days
Norview 108 $339,918 43 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 776 $393,720 50 days
Distressed Homes 20 $184,930 85 days
Multi-Million Dollar Homes 23 $1,605,543 55 days
Newly Built Homes 114 $473,950 63 days
Homes with a Pool 16 $579,249 40 days
Reduced Price Homes 24 $550,054 33 days