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Norfolk

Why you'd want to live in Norfolk

Norfolk Virginia is a city of some 247,000 residents and encompasses 66 square miles. It has seven miles of Chesapeake Bay beachfront and a total of 144 miles of shoreline along our lakes, rivers, and the Bay. Much of this land is located in residential neighborhoods. USA Today called Norfolk one of the Top 10 booming downtowns, recognizing a decades-long housing, retail and financial boom in Norfolk. via norfolk.gov

Norfolk Market Report

$316,999

AVERAGE PRICE OF 1,211 HOMES

$166,500

AVERAGE PRICE OF 29 DISTRESSED HOMES

$1,827,500

AVERAGE PRICE OF 10 MULTI-MILLION DOLLAR HOMES

$464,297

AVERAGE PRICE OF 121 NEWLY BUILT HOMES

$365,350

AVERAGE PRICE OF 24 HOMES WITH A POOL

$324,356

AVERAGE PRICE OF 40 REDUCED PRICE HOMES

Average Home

Average Price $316,999
Avg Bedrooms 2.54 beds
Avg Bathrooms 1.46 baths

Average Price by Bedrooms

1 bedroom $193,017
2 bedrooms $195,981
3 bedrooms $288,682
4 bedrooms $356,123
5 bedrooms $408,903
Norfolk Home Price Trends
  8/2021 7/2021 6/2021 5/2021 4/2021
Total Listings 1,248 1,221 1,222 1,152 1,090
Average Price $319,436 $326,817 $328,035 $337,974 $331,235
Avg Price Change -2.31% -0.37% -3.03% +2.03% +2.47%
Median Price $265,019 $269,124 $270,744 $273,459 $274,665
Med Price Change -1.55% -0.60% -1.00% -0.44% +2.93%
Avg Bedrooms 2.44 beds 2.48 beds 2.86 beds 2.84 beds 2.67 beds
Avg Bathrooms 1.54 baths 1.64 baths 1.68 baths 1.62 baths 1.39 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bt Washington 165 $216,473 200 days
Granby 274 $293,525 58 days
Lake Taylor 202 $388,025 82 days
Maury 359 $283,085 35 days
Norview 190 $227,114 38 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,211 $316,999 81 days
Distressed Homes 29 $166,500 130 days
Multi-Million Dollar Homes 10 $1,827,500 289 days
Newly Built Homes 121 $464,297 144 days
Homes with a Pool 24 $365,350 39 days
Reduced Price Homes 40 $324,356 40 days
EXP Realty | The JB Group
Jai Bridges
999 Waterside Drive Suite 2525
Norfolk, VA 23510
757-348-5675

Listings Last Updated: September 21, 2021 Feed Last Updated: September 21, 2021

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 © 2021 Virginia MLS Cooperative. All rights reserved.

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