Norfolk, VA Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Norfolk, VA is $330,000, up 6.4% year-over-year. Homes sell in an average of 34 days with 461 active listings. The market is currently a seller's market.
$330,000median sale price
Is Norfolk a buyer's or seller's market?
Norfolk, VA is currently a seller's market, based on 2.4 months of supply and homes selling in about 34 days. How we determine this →
Homes sold
194
Last 12 weeks
Days on market
34
Average pace
Active listings
461
2.4 months supply
Sale-to-list
99.1%
Below asking
Norfolk, VA market data
| Metric | Value |
|---|---|
| Median sale price | $330,000 |
| Median list price | $340,000 |
| Year-over-year price change | +6.4% |
| Average days on market | 34 days |
| Active inventory | 461 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 99.1% |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
The Norfolk housing market is currently classified as a seller's market with a median sale price of $330,000. Prices have risen 6.4% compared to last year, with homes spending an average of 34 days on market, indicating 2.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Norfolk
There are currently 461 homes listed for sale in Norfolk, Virginia. The median listing price is $340K.
Active listings
461
Homes on market
Median list price
$340K
Avg. days on market
34
Days until sale
New this week
246
Newly listed
Top public schools in Norfolk
50 schools tracked · 26,882 students
The largest public schools serving Norfolk, VA 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.
Granby High
Grades 9-12 · 1,850 students
Norview High
Grades 9-12 · 1,821 students
Matthew Fontaine Maury High
Grades 9-12 · 1,736 students
Norview Middle
Grades 6-8 · 1,152 students
Lake Taylor High
Grades 9-12 · 1,137 students
Blair Middle
Grades 6-8 · 1,072 students
Booker T Washington High
Grades 9-12 · 955 students
Azalea Gardens Middle
Grades 6-8 · 808 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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Frequently asked questions
What is the average home price in Norfolk?
The median home sale price in Norfolk is $330,000, up 6.4% from last year.
How long do homes stay on market in Norfolk?
Homes typically spend 34 days on market before going under contract.
Is Norfolk a buyer's or seller's market?
With 2.4 months of supply, Norfolk is currently a seller's market.
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