Norfolk, VA
Housing market overview · Updated weekly
$330,000median sale price
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
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
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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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