Active Listings
27
⇧ 58.8% vs 17 last year
Ghent Neighborhood League · Ghent Square · West Ghent
Data as of April 2026. Source: Realtor.com.
The NORFOLK, VA real estate market (23507) currently shows 27 active listings. Homes are averaging 30 days on the market before going under contract.
Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 30 days on market compared to 26 days last year.
The median listing price has fallen 28.2% year-over-year, from $434,450 to $311,750.
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: 6,588 · Density: 2,802.2/mi² · Median household income: $93,512
Typical home value: $508,798 · Homeownership: 41.4%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 23507 | Norfolk, VA 23507 | 0.0 mi | 19 | $8,106,445 | $252,750 | $426,655 |
| 23510 | Norfolk, VA 23510 | 1.1 mi | 39 | $15,795,351 | $298,750 | $405,009 |
| 23504 | Norfolk, VA 23504 | 2.1 mi | 50 | $15,302,500 | $280,000 | $306,050 |
| 23509 | Norfolk, VA 23509 | 2.6 mi | 29 | $9,998,098 | $284,975 | $344,762 |
| 23523 | Norfolk, VA 23523 | 2.8 mi | 14 | $4,144,252 | $277,500 | $296,018 |
| 23703 | Portsmouth, VA 23703 | 3.9 mi | 61 | $20,728,044 | $340,950 | $339,804 |
| 23702 | Portsmouth, VA 23702 | 4.4 mi | 35 | $8,184,155 | $223,724 | $233,833 |
| 23325 | Chesapeake, VA 23325 | 4.9 mi | 20 | $9,582,400 | $340,000 | $479,120 |
| 23701 | Portsmouth, VA 23701 | 5.2 mi | 60 | $15,952,740 | $260,000 | $265,879 |
| 23503 | Norfolk, VA 23503 | 6.2 mi | 74 | $32,849,118 | $349,675 | $443,907 |
| 23464 | Virginia Beach, VA 23464 | 8.3 mi | 64 | $26,882,176 | $405,000 | $420,034 |
| 23455 | Virginia Beach, VA 23455 | 9.0 mi | 65 | $37,910,210 | $481,850 | $583,234 |
| 23435 | Suffolk, VA 23435 | 10.0 mi | 150 | $80,041,500 | $514,900 | $533,610 |
As of April 2026, there are 27 active listings in NORFOLK, VA (zip code 23507), compared to 17 the prior year.
The median listing price in NORFOLK, VA 23507 is $311,750 as of April 2026, a 28.2% decrease from $434,450 the prior year.
Homes in NORFOLK, VA 23507 spend an average of 30 days on the market before going under contract, compared to 26 days the prior year.
Based on current inventory and days-on-market data as of April 2026, NORFOLK, VA 23507 is currently a Buyer's Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 30 days on market compared to 26 days last year.
With SELL123.com's maximum 3% commission, sellers in NORFOLK, VA 23507 save an estimated $6,235 compared to a typical 5% commission on the median listing price of $311,750. 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.