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Lafayette Shores

NORFOLK, VA 23509

Real Estate Market Report
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
28
⇩ 31.7% vs 41 last year
Pending
0
0% pending ratio
Median Price
$281,450
⇧ 1% vs $278,750 last year
Average Price
$327,736
⇧ 6.6% vs $307,304 last year
Days on Market
40
⇩ 20% vs 50 days last year

Market Context

Population: 12,903  ·  Density: 1,958.3/mi²  ·  Median household income: $68,540

Typical home value: $224,416  ·  Homeownership: 62.3%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The NORFOLK, VA real estate market (23509) currently shows 28 active listings. Homes are averaging 40 days on the market before going under contract.

Inventory has tightened compared to last year, with 13 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 40 days on market compared to 50 days last year.

The median listing price has risen 1% year-over-year, from $278,750 to $281,450.

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.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 28 this year vs 41 last year
  • Days on market: 40 now vs 50 last year

Median & Average Pricing

Year over Year
  • Median: $281,450 (+1% YoY)
  • Average: $327,736 (+6.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.7 miles — 687 listings ($266,437,741 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23509Norfolk, VA 235090.0 mi28$9,176,608$281,450$327,736
23504Norfolk, VA 235041.8 mi50$15,550,500$287,250$311,010
23507Norfolk, VA 235072.6 mi21$9,285,234$250,000$442,154
23510Norfolk, VA 235102.7 mi40$16,822,480$327,250$420,562
23502Norfolk, VA 235023.2 mi25$10,047,150$357,500$401,886
23518Norfolk, VA 235183.5 mi88$44,206,008$395,000$502,341
23704Portsmouth, VA 237044.8 mi67$16,890,700$259,900$252,100
23707Portsmouth, VA 237075.1 mi43$12,878,973$285,000$299,511
23703Portsmouth, VA 237036.0 mi72$25,197,552$348,500$349,966
23702Portsmouth, VA 237026.5 mi35$8,948,415$245,000$255,669
23464Virginia Beach, VA 234647.4 mi73$31,454,021$424,500$430,877
23320Chesapeake, VA 233209.3 mi95$41,889,300$425,000$440,940
23452Virginia Beach, VA 234529.7 mi50$24,090,800$377,500$481,816

Frequently Asked Questions

How many homes are for sale in NORFOLK, VA 23509?

As of January 2026, there are 28 active listings in NORFOLK, VA (zip code 23509), compared to 41 the prior year.

What is the median home price in NORFOLK, VA 23509?

The median listing price in NORFOLK, VA 23509 is $281,450 as of January 2026, a 1% increase from $278,750 the prior year.

How long do homes stay on the market in NORFOLK, VA?

Homes in NORFOLK, VA 23509 spend an average of 40 days on the market before going under contract, compared to 50 days the prior year.

Is it a seller's or buyer's market in NORFOLK, VA 23509?

Based on current inventory and days-on-market data as of January 2026, NORFOLK, VA 23509 is currently a Seller's Market. Inventory has tightened compared to last year, with 13 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 40 days on market compared to 50 days last year.

How much can I save on real estate commission in NORFOLK, VA?

With SELL123.com's maximum 3% commission, sellers in NORFOLK, VA 23509 save an estimated $5,629 compared to a typical 5% commission on the median listing price of $281,450. 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.