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Norfolk Market Report

$382,155

AVERAGE PRICE OF 861 HOMES

$288,342

AVERAGE PRICE OF 28 DISTRESSED HOMES

$1,563,000

AVERAGE PRICE OF 23 MULTI-MILLION DOLLAR HOMES

$511,663

AVERAGE PRICE OF 62 NEWLY BUILT HOMES

$420,285

AVERAGE PRICE OF 14 HOMES WITH A POOL

$367,011

AVERAGE PRICE OF 34 REDUCED PRICE HOMES

Average Home

Average Price $382,155
Avg Bedrooms 2.96 beds
Avg Bathrooms 1.79 baths

Average Price by Bedrooms

1 bedroom $214,456
2 bedrooms $287,310
3 bedrooms $335,235
4 bedrooms $427,011
5 bedrooms $528,822
Norfolk Home Price Trends
  1/2025 12/2024 11/2024 10/2024 9/2024
Total Listings 794 834 915 927 919
Average Price $383,219 $384,768 $392,307 $392,836 $393,062
Avg Price Change -0.40% -1.96% -0.13% -0.06% +0.37%
Median Price $315,611 $322,075 $325,000 $324,760 $325,495
Med Price Change -2.05% -0.91% +0.07% -0.23% +0.09%
Avg Bedrooms 2.91 beds 2.92 beds 2.94 beds 2.93 beds 2.88 beds
Avg Bathrooms 1.74 baths 1.75 baths 1.82 baths 1.79 baths 1.75 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Maury 262 $392,342 68 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 861 $382,155 65 days
Distressed Homes 28 $288,342 81 days
Multi-Million Dollar Homes 23 $1,563,000 116 days
Newly Built Homes 62 $511,663 71 days
Homes with a Pool 14 $420,285 46 days
Reduced Price Homes 34 $367,011 45 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: February 18, 2025

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