Colonial Place · Edgewater (Larchmont) · Highland Park · Lambert's Point · Odu Village · Park Place
Data as of September 2026. Source: Realtor.com.
The NORFOLK, VA real estate market (23508) currently shows 52 active listings. Homes are averaging 43 days on the market before going under contract.
Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 43 days on market compared to 30 days last year.
The median listing price has risen 7.7% year-over-year, from $407,500 to $439,000.
Population: 20,647 · Density: 2,386.5/mi² · Median household income: $73,075
Typical home value: $379,587 · Homeownership: 50.1%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 23508 | Norfolk, VA 23508 | 0.0 mi | 33 | $12,000,318 | $349,950 | $363,646 |
| 23507 | Norfolk, VA 23507 | 1.4 mi | 19 | $8,106,445 | $252,750 | $426,655 |
| 23510 | Norfolk, VA 23510 | 2.5 mi | 39 | $15,795,351 | $298,750 | $405,009 |
| 23504 | Norfolk, VA 23504 | 3.1 mi | 50 | $15,302,500 | $280,000 | $306,050 |
| 23703 | Portsmouth, VA 23703 | 3.4 mi | 61 | $20,728,044 | $340,950 | $339,804 |
| 23704 | Portsmouth, VA 23704 | 4.0 mi | 68 | $17,330,412 | $259,700 | $254,859 |
| 23503 | Norfolk, VA 23503 | 5.1 mi | 74 | $32,849,118 | $349,675 | $443,907 |
| 23502 | Norfolk, VA 23502 | 5.7 mi | 29 | $11,410,398 | $342,500 | $393,462 |
| 23701 | Portsmouth, VA 23701 | 6.1 mi | 60 | $15,952,740 | $260,000 | $265,879 |
| 23325 | Chesapeake, VA 23325 | 6.2 mi | 20 | $9,582,400 | $340,000 | $479,120 |
| 23455 | Virginia Beach, VA 23455 | 9.1 mi | 65 | $37,910,210 | $481,850 | $583,234 |
| 23464 | Virginia Beach, VA 23464 | 9.4 mi | 64 | $26,882,176 | $405,000 | $420,034 |
| 23661 | Hampton, VA 23661 | 9.5 mi | 51 | $14,500,422 | $274,950 | $284,322 |
As of September 2026, there are 52 active listings in NORFOLK, VA (zip code 23508), compared to 50 the prior year.
The median listing price in NORFOLK, VA 23508 is $439,000 as of September 2026, a 7.7% increase from $407,500 the prior year.
Homes in NORFOLK, VA 23508 spend an average of 43 days on the market before going under contract, compared to 30 days the prior year.
Based on current inventory and days-on-market data as of September 2026, NORFOLK, VA 23508 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 43 days on market compared to 30 days last year.
With SELL123.com's maximum 3% commission, sellers in NORFOLK, VA 23508 save an estimated $8,780 compared to a typical 5% commission on the median listing price of $439,000. 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.