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Featured local agent — Norfolk, NE
Sarah Mitchell
Compass Real Estate · Norfolk, NE
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Norfolk, NE Housing Market & Real Estate
Housing market overview · Updated monthly ·
$243,500median sale price
How is the Norfolk, NE housing market right now?
The median home sale price in Norfolk, NE is $243,500, down 0.6% year-over-year. Homes sell in an average of 23 days with 68 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Norfolk a buyer's or seller's market?
Norfolk, NE is currently a seller's market, based on 2.1 months of supply and homes selling in about 23 days. How we determine this →
Homes sold
32
Last 12 weeks
Days on market
23
Average pace
Active listings
68
2.1 months supply
Sale-to-list
97.7%
Below asking
What does the Norfolk housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $243,500 |
| Median list price | $257,500 |
| Year-over-year price change | -0.6% |
| Average days on market | 23 days |
| Active inventory | 68 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 97.7% |
| Median price per sq ft | $135/sq ft |
| Homes sold (latest month) | 32 |
| New listings (latest month) | 25 |
| Listings with a price cut | 26.5% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Norfolk by property type?
How the Norfolk, NE market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $243,500 | $135/sq ft | 32 | 23 days |
| Townhouse | $270,000 | $194/sq ft | 1 | 20 days |
Source: Redfin · Updated monthly
The Norfolk housing market is currently classified as a seller's market with a median sale price of $243,500. Prices have fallen 0.6% compared to last year, with homes spending an average of 23 days on market, indicating 2.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.3x provides context for how home values compare to local earning capacity.
Homes for sale in Norfolk
There are currently 68 homes listed for sale in Norfolk, Nebraska. The median listing price is $258K.
Active listings
68
Homes on market
Median list price
$258K
Avg. days on market
23
Days until sale
New this week
25
Newly listed
Who lives in Norfolk?
Population
25,962
Median income
$62,175/yr
Median age
37.4 years
Owner-occupied
63.2%
College grads
24.0%
Avg commute
12.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Norfolk?
Zillow home value
$264,593
Zillow rent index
$1,286/mo
Price-to-rent ratio
17.2x
Price-to-income
4.3x
Source: Zillow Research
What is it like to live in Norfolk?
Norfolk is a community of approximately 26K residents with a median age of 37.4 years.The median household income is $62,175, which represents a working-class community with solid middle-income opportunities. 24.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 63.2%, showing a blend of owner and renter-occupied properties. The average commute time is 12.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Norfolk offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Norfolk?
13 schools tracked · 4,541 students
The largest public schools serving Norfolk, NE by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
NORFOLK SENIOR HIGH SCHOOL
Grades 9-12 · 1,359 students
NORFOLK JR HIGH SCHOOL
Grades 7-8 · 644 students
NORFOLK MIDDLE SCHOOL
Grades 5-6 · 609 students
BEL AIR ELEMENTARY SCHOOL
Grades PK-4 · 324 students
LITTLE PANTHERS PRESCHOOL
Grades PK · 305 students
JEFFERSON ELEMENTARY SCHOOL
Grades PK-4 · 249 students
WASHINGTON ELEMENTARY SCHOOL
Grades PK-4 · 233 students
LINCOLN ELEMENTARY SCHOOL
Grades PK-4 · 216 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Norfolk, NE?
Want a head-to-head view? Compare Norfolk side-by-side with any other U.S. city using our market-comparison tool.
Is Norfolk a good real estate investment market?
For investors evaluating Norfolk, the price-to-rent ratio of 17.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 0.6% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Norfolk's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Norfolk's median home price.
Frequently asked questions
What is the average home price in Norfolk?
The median home sale price in Norfolk is $243,500, down 0.6% from last year.
How long do homes stay on market in Norfolk?
Homes typically spend 23 days on market before going under contract.
What is the median income in Norfolk?
The median household income is $62,175 per year.
Is Norfolk a buyer's or seller's market?
With 2.1 months of supply, Norfolk is currently a seller's market.
What is the Zillow home value estimate for Norfolk?
The Zillow Home Value Index (ZHVI) for Norfolk is $264,593, representing the typical home value in the area.
How much does a single-family home cost in Norfolk?
The median single-family home price in Norfolk, NE is $243,500 (about $135 per square foot).
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