Population: 24,202 · Density: 2,284.6/mi² · Median household income: $39,611
Typical home value: $239,481 · Homeownership: 33.9%
Data as of January 2026. Source: Realtor.com.
The NORFOLK, VA real estate market (23504) currently shows 50 active listings. Homes are averaging 63 days on the market before going under contract.
Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 63 days on market compared to 46 days last year.
The median listing price has risen 10.5% year-over-year, from $260,000 to $287,250.
Whether you are buying or selling in NORFOLK, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 23504 | Norfolk, VA 23504 | 0.0 mi | 50 | $15,550,500 | $287,250 | $311,010 |
| 23517 | Norfolk, VA 23517 | 1.7 mi | 11 | $3,461,832 | $292,450 | $314,712 |
| 23509 | Norfolk, VA 23509 | 1.8 mi | 28 | $9,176,608 | $281,450 | $327,736 |
| 23513 | Norfolk, VA 23513 | 2.7 mi | 48 | $14,308,368 | $292,500 | $298,091 |
| 23502 | Norfolk, VA 23502 | 3.1 mi | 25 | $10,047,150 | $357,500 | $401,886 |
| 23704 | Portsmouth, VA 23704 | 3.3 mi | 67 | $16,890,700 | $259,900 | $252,100 |
| 23505 | Norfolk, VA 23505 | 4.2 mi | 45 | $17,479,440 | $325,000 | $388,432 |
| 23518 | Norfolk, VA 23518 | 5.0 mi | 88 | $44,206,008 | $395,000 | $502,341 |
| 23703 | Portsmouth, VA 23703 | 6.0 mi | 72 | $25,197,552 | $348,500 | $349,966 |
| 23464 | Virginia Beach, VA 23464 | 6.3 mi | 73 | $31,454,021 | $424,500 | $430,877 |
| 23701 | Portsmouth, VA 23701 | 6.6 mi | 61 | $16,629,027 | $265,000 | $272,607 |
| 23320 | Chesapeake, VA 23320 | 7.7 mi | 95 | $41,889,300 | $425,000 | $440,940 |
| 23450 | Virginia Beach, VA 23450 | 9.6 mi | 1 | $200,000 | $200,000 | $200,000 |
As of January 2026, there are 50 active listings in NORFOLK, VA (zip code 23504), compared to 46 the prior year.
The median listing price in NORFOLK, VA 23504 is $287,250 as of January 2026, a 10.5% increase from $260,000 the prior year.
Homes in NORFOLK, VA 23504 spend an average of 63 days on the market before going under contract, compared to 46 days the prior year.
Based on current inventory and days-on-market data as of January 2026, NORFOLK, VA 23504 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 63 days on market compared to 46 days last year.
With SELL123.com's maximum 3% commission, sellers in NORFOLK, VA 23504 save an estimated $5,745 compared to a typical 5% commission on the median listing price of $287,250. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.