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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. via google

Norfolk Market Report

$351,531

AVERAGE PRICE OF 747 HOMES

$179,187

AVERAGE PRICE OF 36 DISTRESSED HOMES

$1,853,725

AVERAGE PRICE OF 12 MULTI-MILLION DOLLAR HOMES

$492,563

AVERAGE PRICE OF 104 NEWLY BUILT HOMES

$434,656

AVERAGE PRICE OF 16 HOMES WITH A POOL

$296,715

AVERAGE PRICE OF 25 REDUCED PRICE HOMES

Average Home

Average Price $351,531
Avg Bedrooms 2.9 beds
Avg Bathrooms 1.73 baths

Average Price by Bedrooms

1 bedroom $251,771
2 bedrooms $240,568
3 bedrooms $309,713
4 bedrooms $408,879
5 bedrooms $491,651
Norfolk Home Price Trends
  12/2022 11/2022 10/2022 9/2022 8/2022
Total Listings 745 816 878 967 1,013
Average Price $348,636 $344,605 $339,298 $344,896 $341,295
Avg Price Change +1.17% +1.56% -1.65% +1.06% -0.82%
Median Price $288,317 $287,018 $287,953 $289,936 $289,922
Med Price Change +0.45% -0.33% -0.69% +0.00% -0.07%
Avg Bedrooms 2.87 beds 2.91 beds 2.94 beds 2.98 beds 2.91 beds
Avg Bathrooms 1.7 baths 1.73 baths 1.75 baths 1.76 baths 1.73 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bt Washington 111 $262,844 65 days
Granby 154 $300,283 68 days
Lake Taylor 138 $411,325 73 days
Maury 180 $378,973 61 days
Norview 143 $325,180 59 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 747 $351,531 72 days
Distressed Homes 36 $179,187 64 days
Multi-Million Dollar Homes 12 $1,853,725 146 days
Newly Built Homes 104 $492,563 67 days
Homes with a Pool 16 $434,656 43 days
Reduced Price Homes 25 $296,715 49 days
Iron Valley Real Estate Virginia Beach
Andy Nelson
200 Bendix Rd. Ste 270
Virginia Beach, VA 23452
757-550-1702

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