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Norfolk Market Report

$406,491

AVERAGE PRICE OF 914 HOMES

$235,506

AVERAGE PRICE OF 29 DISTRESSED HOMES

$1,860,593

AVERAGE PRICE OF 30 MULTI-MILLION DOLLAR HOMES

$525,410

AVERAGE PRICE OF 77 NEWLY BUILT HOMES

$668,414

AVERAGE PRICE OF 21 HOMES WITH A POOL

$346,812

AVERAGE PRICE OF 39 REDUCED PRICE HOMES

Average Home

Average Price $406,491
Avg Bedrooms 2.92 beds
Avg Bathrooms 1.81 baths

Average Price by Bedrooms

1 bedroom $228,773
2 bedrooms $292,308
3 bedrooms $344,641
4 bedrooms $441,442
5 bedrooms $552,682
Norfolk Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 883 830 772 803 787
Average Price $397,248 $399,697 $396,686 $388,220 $380,924
Avg Price Change -0.62% +0.76% +2.18% +1.92% +1.89%
Median Price $320,729 $323,127 $319,751 $316,735 $314,995
Med Price Change -0.75% +1.06% +0.95% +0.55% +0.29%
Avg Bedrooms 2.92 beds 2.89 beds 2.89 beds 2.92 beds 2.93 beds
Avg Bathrooms 1.8 baths 1.77 baths 1.75 baths 1.76 baths 1.76 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Maury 301 $434,067 55 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 914 $406,491 53 days
Distressed Homes 29 $235,506 63 days
Multi-Million Dollar Homes 30 $1,860,593 128 days
Newly Built Homes 77 $525,410 58 days
Homes with a Pool 21 $668,414 59 days
Reduced Price Homes 39 $346,812 52 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: June 14, 2024

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