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County Overview

Norfolk County, VA

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

Market Analysis

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

The Norfolk County, VA real estate market currently shows 632 active listings, with 2 pending sales. Homes are averaging 42 days on the market before going under contract.

Inventory has increased compared to last year, with 43 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 42 days on market compared to 37 days last year.

The median listing price has risen 4.5% year-over-year, from $334,950 to $349,900.

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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
⇧ 7.3% vs 589 last year
Pending
2
0% pending ratio
Median Price
$349,900
⇧ 4.5% vs $334,950 last year
Average Price
$425,185
⇧ 7.1% vs $397,023 last year
Days on Market
42
⇧ 13.5% vs 37 days last year

Price Per Square Foot

Median $/sqft
$221
⇧ 2.8% vs $215/sqft last year
Median Home Size
1,647 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99.8%
Listings with no price change
Price Reduced
0.2%
⇩ 17.3% vs 0.3% last year
Price Increased
0%
⇩ 63.2%
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

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 %