Norfolk Market Report
$390,056
AVERAGE PRICE OF 882 HOMES$213,838
AVERAGE PRICE OF 25 DISTRESSED HOMES$1,614,350
AVERAGE PRICE OF 20 MULTI-MILLION DOLLAR HOMES$496,280
AVERAGE PRICE OF 65 NEWLY BUILT HOMES$595,370
AVERAGE PRICE OF 17 HOMES WITH A POOL$375,987
AVERAGE PRICE OF 20 REDUCED PRICE HOMESAverage Home
| Average Price | $390,056 |
| Avg Bedrooms | 2.97 beds |
| Avg Bathrooms | 1.82 baths |
Average Price by Bedrooms
| 1 bedroom | $220,011 |
| 2 bedrooms | $293,890 |
| 3 bedrooms | $342,430 |
| 4 bedrooms | $434,905 |
| 5 bedrooms | $488,046 |
Norfolk Home Price Trends
| 11/2024 | 10/2024 | 9/2024 | 8/2024 | 7/2024 | |
|---|---|---|---|---|---|
| Total Listings | 915 | 927 | 919 | 923 | 917 |
| Average Price | $392,307 | $392,836 | $393,062 | $391,632 | $396,385 |
| Avg Price Change | -0.13% | -0.06% | +0.37% | -1.21% | -2.19% |
| Median Price | $325,000 | $324,760 | $325,495 | $325,190 | $318,850 |
| Med Price Change | +0.07% | -0.23% | +0.09% | +1.99% | -0.19% |
| Avg Bedrooms | 2.94 beds | 2.93 beds | 2.88 beds | 2.87 beds | 2.89 beds |
| Avg Bathrooms | 1.82 baths | 1.79 baths | 1.75 baths | 1.75 baths | 1.79 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Maury | 286 | $410,300 | 65 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 882 | $390,056 | 64 days |
| Distressed Homes | 25 | $213,838 | 77 days |
| Multi-Million Dollar Homes | 20 | $1,614,350 | 134 days |
| Newly Built Homes | 65 | $496,280 | 72 days |
| Homes with a Pool | 17 | $595,370 | 63 days |
| Reduced Price Homes | 20 | $375,987 | 45 days |
