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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

$344,632

AVERAGE PRICE OF 885 HOMES

$189,424

AVERAGE PRICE OF 27 DISTRESSED HOMES

$1,516,250

AVERAGE PRICE OF 12 MULTI-MILLION DOLLAR HOMES

$508,315

AVERAGE PRICE OF 117 NEWLY BUILT HOMES

$487,628

AVERAGE PRICE OF 14 HOMES WITH A POOL

$317,221

AVERAGE PRICE OF 37 REDUCED PRICE HOMES

Average Home

Average Price $344,632
Avg Bedrooms 2.98 beds
Avg Bathrooms 1.77 baths

Average Price by Bedrooms

1 bedroom $240,967
2 bedrooms $214,539
3 bedrooms $312,061
4 bedrooms $398,824
5 bedrooms $500,664
Norfolk Home Price Trends
  9/2022 8/2022 7/2022 6/2022 5/2022
Total Listings 967 1,013 1,010 n/a n/a
Average Price $344,896 $341,295 $344,104 n/a n/a
Avg Price Change +1.06% -0.82% n/a n/a n/a
Median Price $289,936 $289,922 $290,118 n/a n/a
Med Price Change +0.00% -0.07% n/a n/a n/a
Avg Bedrooms 2.98 beds 2.91 beds 2.91 beds n/a n/a
Avg Bathrooms 1.76 baths 1.73 baths 1.74 baths n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bt Washington 126 $262,486 57 days
Granby 190 $290,627 55 days
Lake Taylor 181 $432,863 74 days
Maury 209 $367,650 63 days
Norview 156 $306,036 48 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 885 $344,632 66 days
Distressed Homes 27 $189,424 85 days
Multi-Million Dollar Homes 12 $1,516,250 119 days
Newly Built Homes 117 $508,315 97 days
Homes with a Pool 14 $487,628 52 days
Reduced Price Homes 37 $317,221 36 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: October 5, 2022

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