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Data as of July 2026. Source: Realtor.com.
The NORFOLK, VA real estate market (23505) currently shows 59 active listings. Homes are averaging 48 days on the market before going under contract.
Inventory levels are unchanged compared to last year.
Homes are taking longer to sell, averaging 48 days on market compared to 45 days last year.
The median listing price has risen 9.4% year-over-year, from $317,500 to $347,250.
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.
Population: 28,619 · Density: 1,681.9/mi² · Median household income: $56,919
Typical home value: $314,807 · Homeownership: 34.5%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 23505 | Norfolk, VA 23505 | 0.0 mi | 46 | $19,165,762 | $318,825 | $416,647 |
| 23509 | Norfolk, VA 23509 | 2.7 mi | 29 | $9,998,098 | $284,975 | $344,762 |
| 23517 | Norfolk, VA 23517 | 3.1 mi | 7 | $2,218,146 | $277,975 | $316,878 |
| 23507 | Norfolk, VA 23507 | 3.5 mi | 19 | $8,106,445 | $252,750 | $426,655 |
| 23504 | Norfolk, VA 23504 | 4.2 mi | 50 | $15,302,500 | $280,000 | $306,050 |
| 23703 | Portsmouth, VA 23703 | 5.0 mi | 61 | $20,728,044 | $340,950 | $339,804 |
| 23502 | Norfolk, VA 23502 | 5.7 mi | 29 | $11,410,398 | $342,500 | $393,462 |
| 23704 | Portsmouth, VA 23704 | 6.2 mi | 68 | $17,330,412 | $259,700 | $254,859 |
| 23324 | Chesapeake, VA 23324 | 7.9 mi | 43 | $11,913,193 | $268,725 | $277,051 |
| 23663 | Hampton, VA 23663 | 8.3 mi | 36 | $9,591,372 | $267,400 | $266,427 |
| 23701 | Portsmouth, VA 23701 | 8.3 mi | 60 | $15,952,740 | $260,000 | $265,879 |
| 23607 | Newport News, VA 23607 | 8.9 mi | 80 | $20,192,400 | $228,675 | $252,405 |
| 23669 | Hampton, VA 23669 | 9.8 mi | 113 | $37,652,052 | $302,425 | $333,204 |
As of July 2026, there are 59 active listings in NORFOLK, VA (zip code 23505), compared to 59 the prior year.
The median listing price in NORFOLK, VA 23505 is $347,250 as of July 2026, a 9.4% increase from $317,500 the prior year.
Homes in NORFOLK, VA 23505 spend an average of 48 days on the market before going under contract, compared to 45 days the prior year.
Based on current inventory and days-on-market data as of July 2026, NORFOLK, VA 23505 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 48 days on market compared to 45 days last year.
With SELL123.com's maximum 3% commission, sellers in NORFOLK, VA 23505 save an estimated $6,945 compared to a typical 5% commission on the median listing price of $347,250. 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.