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Norfolk

Why you'd want to live in Norfolk

Norfolk is a dynamic city with a rich history and cultural diversity. As home to the world's largest naval base, Norfolk has a strong military presence, contributing to a unique blend of cultures and traditions. The city's arts and entertainment scene is thriving, with numerous theaters, galleries, and music venues offering diverse cultural experiences. Norfolk's waterfront location along the Elizabeth River provides residents with picturesque views and opportunities for boating and waterfront dining. The city is known for its historic neighborhoods, featuring charming architecture and tree-lined streets. Norfolk's urban vibe, combined with its historical significance and cultural offerings, makes it an attractive place to live for those seeking a lively and diverse community.

Norfolk Market Report

$416,657

AVERAGE PRICE OF 803 HOMES

$237,536

AVERAGE PRICE OF 59 DISTRESSED HOMES

$1,857,643

AVERAGE PRICE OF 28 MULTI-MILLION DOLLAR HOMES

$554,662

AVERAGE PRICE OF 51 NEWLY BUILT HOMES

$648,127

AVERAGE PRICE OF 11 HOMES WITH A POOL

$413,596

AVERAGE PRICE OF 37 REDUCED PRICE HOMES

Average Home

Average Price $416,657
Avg Bedrooms 2.69 beds
Avg Bathrooms 1.74 baths

Average Price by Bedrooms

1 bedroom $219,269
2 bedrooms $263,128
3 bedrooms $353,369
4 bedrooms $416,049
5 bedrooms $500,297
Norfolk Home Price Trends
  12/2025 11/2025 10/2025 9/2025 8/2025
Total Listings 876 967 993 989 999
Average Price $411,982 $409,997 $407,383 $405,346 $396,643
Avg Price Change +0.48% +0.64% +0.50% +2.19% -1.08%
Median Price $329,370 $327,345 $326,659 $328,734 $327,194
Med Price Change +0.62% +0.21% -0.64% +0.47% -1.22%
Avg Bedrooms 2.64 beds 2.67 beds 2.75 beds 2.65 beds 2.72 beds
Avg Bathrooms 1.73 baths 1.86 baths 1.96 baths 2.08 baths 1.97 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Granby 2 $300,950 109 days
Maury 256 $393,758 70 days
Total Homes Average Price Avg Days on Site
All Homes 803 $416,657 95 days
Distressed Homes 59 $237,536 168 days
Multi-Million Dollar Homes 28 $1,857,643 135 days
Newly Built Homes 51 $554,662 102 days
Homes with a Pool 11 $648,127 45 days
Reduced Price Homes 37 $413,596 60 days
Ignite Realty | LPT Realty
Heather Meyers
1545 Crossways Blvd Suite 250 #242
Chesapeake, VA 23320
757-756-3967

2026 REIN, Inc. Information Deemed Reliable But Not Guaranteed. The listings data displayed on this medium comes in part from the Real Estate Information Network, Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent. © 2026 REIN. REIN's listings data and information is protected under federal copyright laws. Federal law prohibits, among other acts, the unauthorized copying or alteration of, or preparation of derivative works from, all or any part of copyrighted materials, including certain compilations of data and information. COPYRIGHT VIOLATORS MAY BE SUBJECT TO SEVERE FINES AND PENALTIES UNDER FEDERAL LAW. REIN updates its listings on a daily basis. Data last updated: January 12, 2026. This application does not include information on all of the properties available for sale at this time.
Listings Last Updated: January 12, 2026 Feed Last Updated: January 12, 2026

All or a portion of the multiple Listing information is provided by the Virginia MLS Cooperative, from a copyrighted compilation of Listings. All Virginia MLS Cooperative information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2026 Virginia MLS Cooperative. All rights reserved.

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