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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

$399,039

AVERAGE PRICE OF 835 HOMES

$219,396

AVERAGE PRICE OF 26 DISTRESSED HOMES

$1,810,377

AVERAGE PRICE OF 26 MULTI-MILLION DOLLAR HOMES

$542,049

AVERAGE PRICE OF 67 NEWLY BUILT HOMES

$744,526

AVERAGE PRICE OF 19 HOMES WITH A POOL

$452,545

AVERAGE PRICE OF 42 REDUCED PRICE HOMES

Average Home

Average Price $399,039
Avg Bedrooms 2.91 beds
Avg Bathrooms 1.78 baths

Average Price by Bedrooms

1 bedroom $211,916
2 bedrooms $282,359
3 bedrooms $344,932
4 bedrooms $448,867
5 bedrooms $467,149
Norfolk Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 772 803 787 825 841
Average Price $396,686 $388,220 $380,924 $373,865 $373,377
Avg Price Change +2.18% +1.92% +1.89% +0.13% -1.47%
Median Price $319,751 $316,735 $314,995 $314,085 $315,864
Med Price Change +0.95% +0.55% +0.29% -0.57% -0.69%
Avg Bedrooms 2.89 beds 2.92 beds 2.93 beds 2.99 beds 2.98 beds
Avg Bathrooms 1.75 baths 1.76 baths 1.76 baths 1.78 baths 1.79 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Maury 268 $411,744 60 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 835 $399,039 58 days
Distressed Homes 26 $219,396 51 days
Multi-Million Dollar Homes 26 $1,810,377 124 days
Newly Built Homes 67 $542,049 78 days
Homes with a Pool 19 $744,526 53 days
Reduced Price Homes 42 $452,545 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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REIN update its listing on a daily basis. data last updated: April 19, 2024

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