Norfolk Market Report
$399,076
AVERAGE PRICE OF 971 HOMES$277,368
AVERAGE PRICE OF 26 DISTRESSED HOMES$1,586,080
AVERAGE PRICE OF 25 MULTI-MILLION DOLLAR HOMES$534,544
AVERAGE PRICE OF 64 NEWLY BUILT HOMES$457,103
AVERAGE PRICE OF 13 HOMES WITH A POOL$338,166
AVERAGE PRICE OF 39 REDUCED PRICE HOMESAverage Home
| Average Price | $399,076 |
| Avg Bedrooms | 2.96 beds |
| Avg Bathrooms | 1.83 baths |
Average Price by Bedrooms
| 1 bedroom | $224,645 |
| 2 bedrooms | $287,114 |
| 3 bedrooms | $359,029 |
| 4 bedrooms | $454,343 |
| 5 bedrooms | $543,189 |
Norfolk Home Price Trends
| 3/2025 | 2/2025 | 1/2025 | 12/2024 | 11/2024 | |
|---|---|---|---|---|---|
| Total Listings | 874 | 849 | 794 | 834 | 915 |
| Average Price | $388,567 | $380,662 | $383,219 | $384,768 | $392,307 |
| Avg Price Change | +2.08% | -0.67% | -0.40% | -1.96% | -0.13% |
| Median Price | $320,124 | $314,961 | $315,611 | $322,075 | $325,000 |
| Med Price Change | +1.64% | -0.21% | -2.05% | -0.91% | +0.07% |
| Avg Bedrooms | 2.96 beds | 2.95 beds | 2.91 beds | 2.92 beds | 2.94 beds |
| Avg Bathrooms | 1.8 baths | 1.78 baths | 1.74 baths | 1.75 baths | 1.82 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Maury | 305 | $407,308 | 58 days |
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 971 | $399,076 | 57 days |
| Distressed Homes | 26 | $277,368 | 102 days |
| Multi-Million Dollar Homes | 25 | $1,586,080 | 138 days |
| Newly Built Homes | 64 | $534,544 | 86 days |
| Homes with a Pool | 13 | $457,103 | 56 days |
| Reduced Price Homes | 39 | $338,166 | 36 days |
