If you need assistance, please call 757-685-8787

Norfolk

Why you'd want to live in Norfolk

Norfolk, VA is an appealing place to live due to its rich history, vibrant cultural scene, and waterfront lifestyle. The city is home to a bustling port and offers stunning views of the Chesapeake Bay, making it a prime location for those who enjoy maritime activities such as sailing and fishing. Residents benefit from a diverse array of cultural attractions, including the Chrysler Museum of Art, the Virginia Opera, and numerous theaters and music venues. Norfolk also hosts several festivals and events throughout the year, fostering a lively and engaging community atmosphere. The city is known for its educational institutions, including Old Dominion University, providing excellent opportunities for learning and growth. Norfolk's neighborhoods offer a mix of historic charm and modern convenience, with local shops, restaurants, and services readily available. Its strategic location ensures easy access to nearby cities and attractions, offering a well-rounded lifestyle that combines coastal beauty with urban amenities.

Norfolk Market Report

$406,234

AVERAGE PRICE OF 968 HOMES

$235,902

AVERAGE PRICE OF 60 DISTRESSED HOMES

$1,662,171

AVERAGE PRICE OF 35 MULTI-MILLION DOLLAR HOMES

$537,725

AVERAGE PRICE OF 61 NEWLY BUILT HOMES

$608,790

AVERAGE PRICE OF 10 HOMES WITH A POOL

$397,321

AVERAGE PRICE OF 41 REDUCED PRICE HOMES

Average Home

Average Price $406,234
Avg Bedrooms 2.93 beds
Avg Bathrooms 1.78 baths

Average Price by Bedrooms

1 bedroom $217,748
2 bedrooms $291,387
3 bedrooms $330,734
4 bedrooms $455,314
5 bedrooms $510,359
Norfolk Home Price Trends
  10/2025 9/2025 8/2025 7/2025 6/2025
Total Listings 989 985 992 999 976
Average Price $407,321 $405,670 $397,036 $401,599 $406,741
Avg Price Change +0.41% +2.17% -1.15% -1.28% +2.66%
Median Price $326,478 $328,931 $327,444 $331,530 $334,336
Med Price Change -0.75% +0.45% -1.25% -0.85% +0.18%
Avg Bedrooms 2.96 beds 2.96 beds 2.92 beds 2.92 beds 2.92 beds
Avg Bathrooms 1.8 baths 1.82 baths 1.78 baths 1.78 baths 1.8 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Maury 306 $406,290 67 days
Total Homes Average Price Avg Days on Site
All Homes 968 $406,234 63 days
Distressed Homes 60 $235,902 90 days
Multi-Million Dollar Homes 35 $1,662,171 128 days
Newly Built Homes 61 $537,725 76 days
Homes with a Pool 10 $608,790 38 days
Reduced Price Homes 41 $397,321 47 days
Independent Realty Group LLC
Nancy Della Torre
1940 Centerville Tpke S
Chesapeake, VA 23322
757-685-8787

2025 REIN, Inc. Information Deemed Reliable But Not Guaranteed. The listings data displayed on this medium comes in part from the Real Estate Information Network, Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent. © 2025 REIN. REIN's listings data and information is protected under federal copyright laws. Federal law prohibits, among other acts, the unauthorized copying or alteration of, or preparation of derivative works from, all or any part of copyrighted materials, including certain compilations of data and information. COPYRIGHT VIOLATORS MAY BE SUBJECT TO SEVERE FINES AND PENALTIES UNDER FEDERAL LAW. REIN updates its listings on a daily basis. Data last updated: November 10, 2025. This application does not include information on all of the properties available for sale at this time.
This site powered by CINC: www.cincpro.com