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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

$318,418

AVERAGE PRICE OF 1,212 HOMES

$165,616

AVERAGE PRICE OF 30 DISTRESSED HOMES

$1,827,500

AVERAGE PRICE OF 10 MULTI-MILLION DOLLAR HOMES

$465,300

AVERAGE PRICE OF 122 NEWLY BUILT HOMES

$386,400

AVERAGE PRICE OF 26 HOMES WITH A POOL

$311,515

AVERAGE PRICE OF 39 REDUCED PRICE HOMES

Average Home

Average Price $318,418
Avg Bedrooms 2.88 beds
Avg Bathrooms 1.71 baths

Average Price by Bedrooms

1 bedroom $197,321
2 bedrooms $233,071
3 bedrooms $289,615
4 bedrooms $356,464
5 bedrooms $414,740
Norfolk Home Price Trends
  8/2021 7/2021 6/2021 5/2021 4/2021
Total Listings 1,245 1,219 1,219 1,149 1,089
Average Price $319,540 $326,947 $328,215 $338,232 $331,385
Avg Price Change -2.32% -0.39% -3.05% +2.07% +2.47%
Median Price $265,043 $269,156 $270,851 $273,631 $274,763
Med Price Change -1.55% -0.63% -1.03% -0.41% +2.93%
Avg Bedrooms 2.92 beds 2.94 beds 3 beds 3 beds 2.95 beds
Avg Bathrooms 1.74 baths 1.77 baths 1.81 baths 1.82 baths 1.78 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bt Washington 166 $273,711 73 days
Granby 276 $294,917 70 days
Lake Taylor 200 $386,271 82 days
Maury 361 $334,610 59 days
Norview 188 $264,256 51 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,212 $318,418 71 days
Distressed Homes 30 $165,616 129 days
Multi-Million Dollar Homes 10 $1,827,500 292 days
Newly Built Homes 122 $465,300 145 days
Homes with a Pool 26 $386,400 38 days
Reduced Price Homes 39 $311,515 46 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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REIN update its listing on a daily basis. data last updated: September 24, 2021

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