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Dnc Freemason Street Area Association Ghent Neighborhood League Young Terrace

NORFOLK, VA 23510

Real Estate Market Report
Balanced Market
April 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 23510

Dnc · Freemason Street Area Association · Ghent Neighborhood League · Young Terrace

Market Analysis

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

The NORFOLK, VA real estate market (23510) currently shows 30 active listings. Homes are averaging 61 days on the market before going under contract.

Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 61 days on market compared to 56 days last year.

The median listing price has fallen 3.3% year-over-year, from $338,750 to $327,450.

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 Context

Market Context

Population: 9,294  ·  Density: 3,121.8/mi²  ·  Median household income: $71,720

Typical home value: $343,942  ·  Homeownership: 21.2%

Market Overview

Active Listings
30
⇩ 33.3% vs 45 last year
Pending
0
0% pending ratio
Median Price
$327,450
⇩ 3.3% vs $338,750 last year
Average Price
$434,308
⇧ 4.8% vs $414,401 last year
Days on Market
61
⇧ 8.9% vs 56 days last year

Price Per Square Foot

Median $/sqft
$257
⇩ 1.5% vs $261/sqft last year
Median Home Size
1,371 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 30 this year vs 45 last year
  • Days on market: 61 now vs 56 last year

Median & Average Pricing

Year over Year
  • Median: $327,450 (-3.3% YoY)
  • Average: $434,308 (+4.8% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 10.5 miles — 670 listings ($278,815,120 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23510Norfolk, VA 235100.0 mi39$15,795,351$298,750$405,009
23517Norfolk, VA 235171.2 mi7$2,218,146$277,975$316,878
23523Norfolk, VA 235231.7 mi14$4,144,252$277,500$296,018
23508Norfolk, VA 235082.5 mi33$12,000,318$349,950$363,646
23707Portsmouth, VA 237072.8 mi37$10,476,328$280,950$283,144
23325Chesapeake, VA 233253.9 mi20$9,582,400$340,000$479,120
23513Norfolk, VA 235133.9 mi57$17,493,471$304,450$306,903
23502Norfolk, VA 235024.6 mi29$11,410,398$342,500$393,462
23701Portsmouth, VA 237015.1 mi60$15,952,740$260,000$265,879
23503Norfolk, VA 235036.8 mi74$32,849,118$349,675$443,907
23462Virginia Beach, VA 234627.8 mi64$28,094,080$318,000$438,970
23321Chesapeake, VA 233218.0 mi86$38,757,018$461,000$450,663
23435Suffolk, VA 2343510.5 mi150$80,041,500$514,900$533,610

Frequently Asked Questions

How many homes are for sale in NORFOLK, VA 23510?

As of April 2026, there are 30 active listings in NORFOLK, VA (zip code 23510), compared to 45 the prior year.

What is the median home price in NORFOLK, VA 23510?

The median listing price in NORFOLK, VA 23510 is $327,450 as of April 2026, a 3.3% decrease from $338,750 the prior year.

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

Homes in NORFOLK, VA 23510 spend an average of 61 days on the market before going under contract, compared to 56 days the prior year.

Is it a seller's or buyer's market in NORFOLK, VA 23510?

Based on current inventory and days-on-market data as of April 2026, NORFOLK, VA 23510 is currently a Balanced Market. Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 61 days on market compared to 56 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 23510 save an estimated $6,549 compared to a typical 5% commission on the median listing price of $327,450. 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.