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Data as of July 2026. Source: Realtor.com.
The NORFOLK, VA real estate market (23504) currently shows 63 active listings, with 2 pending sales. Homes are averaging 40 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 selling faster, averaging 40 days on market compared to 42 days last year.
The median listing price has risen 11.2% year-over-year, from $287,475 to $319,725.
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.
Population: 24,202 · Density: 2,284.6/mi² · Median household income: $39,611
Typical home value: $239,481 · Homeownership: 33.9%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 23504 | Norfolk, VA 23504 | 0.0 mi | 50 | $15,302,500 | $280,000 | $306,050 |
| 23517 | Norfolk, VA 23517 | 1.7 mi | 7 | $2,218,146 | $277,975 | $316,878 |
| 23509 | Norfolk, VA 23509 | 1.8 mi | 29 | $9,998,098 | $284,975 | $344,762 |
| 23513 | Norfolk, VA 23513 | 2.7 mi | 57 | $17,493,471 | $304,450 | $306,903 |
| 23502 | Norfolk, VA 23502 | 3.1 mi | 29 | $11,410,398 | $342,500 | $393,462 |
| 23704 | Portsmouth, VA 23704 | 3.3 mi | 68 | $17,330,412 | $259,700 | $254,859 |
| 23505 | Norfolk, VA 23505 | 4.2 mi | 46 | $19,165,762 | $318,825 | $416,647 |
| 23518 | Norfolk, VA 23518 | 5.0 mi | 83 | $43,524,453 | $417,000 | $524,391 |
| 23703 | Portsmouth, VA 23703 | 6.0 mi | 61 | $20,728,044 | $340,950 | $339,804 |
| 23464 | Virginia Beach, VA 23464 | 6.3 mi | 64 | $26,882,176 | $405,000 | $420,034 |
| 23701 | Portsmouth, VA 23701 | 6.6 mi | 60 | $15,952,740 | $260,000 | $265,879 |
| 23320 | Chesapeake, VA 23320 | 7.7 mi | 86 | $37,215,554 | $405,975 | $432,739 |
| 23450 | Virginia Beach, VA 23450 | 9.6 mi | 1 | $699,000 | $699,000 | $699,000 |
As of July 2026, there are 63 active listings in NORFOLK, VA (zip code 23504), compared to 59 the prior year.
The median listing price in NORFOLK, VA 23504 is $319,725 as of July 2026, a 11.2% increase from $287,475 the prior year.
Homes in NORFOLK, VA 23504 spend an average of 40 days on the market before going under contract, compared to 42 days the prior year.
Based on current inventory and days-on-market data as of July 2026, NORFOLK, VA 23504 is currently a Balanced Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are selling faster, averaging 40 days on market compared to 42 days last year.
With SELL123.com's maximum 3% commission, sellers in NORFOLK, VA 23504 save an estimated $6,395 compared to a typical 5% commission on the median listing price of $319,725. 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.