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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

$391,373

AVERAGE PRICE OF 780 HOMES

$186,110

AVERAGE PRICE OF 19 DISTRESSED HOMES

$1,601,979

AVERAGE PRICE OF 24 MULTI-MILLION DOLLAR HOMES

$467,248

AVERAGE PRICE OF 111 NEWLY BUILT HOMES

$629,857

AVERAGE PRICE OF 14 HOMES WITH A POOL

$439,341

AVERAGE PRICE OF 12 REDUCED PRICE HOMES

Average Home

Average Price $391,373
Avg Bedrooms 2.99 beds
Avg Bathrooms 1.79 baths

Average Price by Bedrooms

1 bedroom $266,908
2 bedrooms $243,622
3 bedrooms $346,860
4 bedrooms $422,025
5 bedrooms $478,690
Norfolk Home Price Trends
  4/2023 3/2023 2/2023 1/2023 12/2022
Total Listings 745 740 762 708 745
Average Price $355,909 $347,548 $351,165 $347,922 $348,636
Avg Price Change +2.41% -1.04% +0.93% -0.21% +1.17%
Median Price $301,677 $296,752 $299,095 $290,758 $288,317
Med Price Change +1.66% -0.79% +2.87% +0.85% +0.45%
Avg Bedrooms 2.9 beds 2.84 beds 2.89 beds 2.87 beds 2.87 beds
Avg Bathrooms 1.73 baths 1.71 baths 1.73 baths 1.7 baths 1.7 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bt Washington 106 $320,639 48 days
Granby 176 $353,797 55 days
Lake Taylor 154 $457,520 56 days
Maury 208 $415,214 47 days
Norview 122 $324,211 43 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 780 $391,373 52 days
Distressed Homes 19 $186,110 91 days
Multi-Million Dollar Homes 24 $1,601,979 54 days
Newly Built Homes 111 $467,248 62 days
Homes with a Pool 14 $629,857 51 days
Reduced Price Homes 12 $439,341 27 days
Iron Valley Real Estate Virginia Beach
Andy Nelson
200 Bendix Rd. Ste 270
Virginia Beach, VA 23452
757-550-1702

Fair Housing/Equal Opportunity
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REIN update its listing on a daily basis. data last updated: May 31, 2023

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