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Norfolk

Why you'd want to live in Norfolk

Norfolk Virginia is a city of some 247,000 residents and encompasses 66 square miles. It has seven miles of Chesapeake Bay beachfront and a total of 144 miles of shoreline along our lakes, rivers, and the Bay. Much of this land is located in residential neighborhoods. USA Today called Norfolk one of the Top 10 booming downtowns, recognizing a decades-long housing, retail and financial boom in Norfolk. via norfolk.gov

Norfolk Market Report

$344,761

AVERAGE PRICE OF 932 HOMES

$190,238

AVERAGE PRICE OF 27 DISTRESSED HOMES

$1,527,857

AVERAGE PRICE OF 14 MULTI-MILLION DOLLAR HOMES

$503,047

AVERAGE PRICE OF 122 NEWLY BUILT HOMES

$488,342

AVERAGE PRICE OF 14 HOMES WITH A POOL

$321,807

AVERAGE PRICE OF 42 REDUCED PRICE HOMES

Average Home

Average Price $344,761
Avg Bedrooms 2.97 beds
Avg Bathrooms 1.76 baths

Average Price by Bedrooms

1 bedroom $240,967
2 bedrooms $217,149
3 bedrooms $312,896
4 bedrooms $397,839
5 bedrooms $500,207
Norfolk Home Price Trends
  9/2022 8/2022 7/2022 6/2022 5/2022
Total Listings 967 1,013 1,010 n/a n/a
Average Price $344,896 $341,295 $344,104 n/a n/a
Avg Price Change +1.06% -0.82% n/a n/a n/a
Median Price $289,936 $289,922 $290,118 n/a n/a
Med Price Change +0.00% -0.07% n/a n/a n/a
Avg Bedrooms 2.98 beds 2.91 beds 2.91 beds n/a n/a
Avg Bathrooms 1.76 baths 1.73 baths 1.74 baths n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bt Washington 128 $262,492 55 days
Granby 191 $295,929 56 days
Lake Taylor 190 $436,355 71 days
Maury 222 $365,412 62 days
Norview 178 $299,941 47 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 932 $344,761 64 days
Distressed Homes 27 $190,238 82 days
Multi-Million Dollar Homes 14 $1,527,857 120 days
Newly Built Homes 122 $503,047 94 days
Homes with a Pool 14 $488,342 49 days
Reduced Price Homes 42 $321,807 35 days
Harrell Homes Team
Raquel Harrell
249 , Central Park Avenue Suite 300-44
Virginia Beach, VA 23462
757-745-9617

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REIN update its listing on a daily basis. data last updated: October 2, 2022

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