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City / Town Overview

Norfolk, VA

Aggregate real estate market report across all ZIPs in scope
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The Norfolk, VA real estate market currently shows 632 active listings, with 2 pending sales. Homes are averaging 41.9 days on the market before going under contract.

Inventory has increased compared to last year, with 41 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 41.9 days on market compared to 38.3 days last year.

The median listing price has risen 6.2% year-over-year, from $339,868 to $360,980.

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Market Context

Market Context

Population: 236,973  ·  Density: 1,973.0/mi²  ·  Median household income: $61,244

Typical home value: $253,109  ·  Homeownership: 42.8%

Included Areas

Norfolk: 23501, 23502, 23504, 23511, 23514, 23515, 23517, 23518, 23519, 23523

Fairlawn Estates: 23506, 23541

Larchmont: 23508, 23529

West Ocean View: 23503

Colony Points Apartments: 23505

West Ghent: 23507

Lafayette Shores: 23509

Huntersville: 23510

Norview Heights: 23513

Sussex: 23551

Area Map

Market Overview

Active Listings
632
⇧ 6.9% vs 591 last year
Pending
2
0% pending ratio
Median Price
$360,980
⇧ 6.2% vs $339,868 last year
Average Price
$424,997
⇧ 7.1% vs $396,713 last year
Days on Market
41.9
⇧ 9.4% vs 38 days last year

Price Per Square Foot

Median $/sqft
$221
⇧ 2.7% vs $216/sqft last year
Median Home Size
1,665 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %