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Norfolk Market Report

$407,472

AVERAGE PRICE OF 921 HOMES

$236,860

AVERAGE PRICE OF 28 DISTRESSED HOMES

$1,832,187

AVERAGE PRICE OF 31 MULTI-MILLION DOLLAR HOMES

$527,172

AVERAGE PRICE OF 74 NEWLY BUILT HOMES

$658,036

AVERAGE PRICE OF 22 HOMES WITH A POOL

$342,911

AVERAGE PRICE OF 39 REDUCED PRICE HOMES

Average Home

Average Price $407,472
Avg Bedrooms 2.89 beds
Avg Bathrooms 1.8 baths

Average Price by Bedrooms

1 bedroom $231,563
2 bedrooms $289,321
3 bedrooms $349,322
4 bedrooms $446,591
5 bedrooms $548,205
Norfolk Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 883 830 772 803 787
Average Price $397,248 $399,697 $396,686 $388,220 $380,924
Avg Price Change -0.62% +0.76% +2.18% +1.92% +1.89%
Median Price $320,729 $323,127 $319,751 $316,735 $314,995
Med Price Change -0.75% +1.06% +0.95% +0.55% +0.29%
Avg Bedrooms 2.92 beds 2.89 beds 2.89 beds 2.92 beds 2.93 beds
Avg Bathrooms 1.8 baths 1.77 baths 1.75 baths 1.76 baths 1.76 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Maury 294 $436,281 57 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 921 $407,472 55 days
Distressed Homes 28 $236,860 66 days
Multi-Million Dollar Homes 31 $1,832,187 122 days
Newly Built Homes 74 $527,172 63 days
Homes with a Pool 22 $658,036 61 days
Reduced Price Homes 39 $342,911 34 days
RE/MAX Edge
Justin Watson
120 S. Lynnhaven Rd, Ste 204
Virginia Beach, VA 23452
757-995-5384

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REIN update its listing on a daily basis. data last updated: June 22, 2024

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