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Norfolk Market Report

$324,746

AVERAGE PRICE OF 827 HOMES

$204,293

AVERAGE PRICE OF 38 DISTRESSED HOMES

$2,219,167

AVERAGE PRICE OF 6 MULTI-MILLION DOLLAR HOMES

$506,406

AVERAGE PRICE OF 126 NEWLY BUILT HOMES

$366,250

AVERAGE PRICE OF 12 HOMES WITH A POOL

$281,391

AVERAGE PRICE OF 12 REDUCED PRICE HOMES

Average Home

Average Price $324,746
Avg Bedrooms 2.98 beds
Avg Bathrooms 2.05 baths

Average Price by Bedrooms

1 bedroom $231,830
2 bedrooms $295,459
3 bedrooms $353,318
4 bedrooms $251,464
5 bedrooms $439,513
Norfolk Home Price Trends
  12/2021 11/2021 10/2021 9/2021 8/2021
Total Listings 928 n/a 1,138 1,224 1,248
Average Price $325,675 n/a $319,969 $317,927 $319,436
Avg Price Change n/a n/a +0.64% -0.47% -2.31%
Median Price $265,312 n/a $261,264 $262,920 $265,019
Med Price Change n/a n/a -0.63% -0.80% -1.55%
Avg Bedrooms 2.48 beds n/a 2.46 beds 2.52 beds 2.44 beds
Avg Bathrooms 1.62 baths n/a 1.61 baths 1.43 baths 1.54 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bt Washington 116 $323,145 83 days
Granby 165 $324,721 83 days
Lake Taylor 176 $273,450 98 days
Maury 230 $333,422 70 days
Norview 127 $259,221 49 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 827 $324,746 85 days
Distressed Homes 38 $204,293 143 days
Multi-Million Dollar Homes 6 $2,219,167 218 days
Newly Built Homes 126 $506,406 156 days
Homes with a Pool 12 $366,250 40 days
Reduced Price Homes 12 $281,391 39 days
EXP Realty | The JB Group
Jai Bridges
999 Waterside Drive Suite 2525
Norfolk, VA 23510
757-348-5675

Listings Last Updated: January 26, 2022 Feed Last Updated: January 26, 2022

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 © 2022 Virginia MLS Cooperative. All rights reserved.

©2022 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 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.

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REIN update its listing on a daily basis. data last updated: January 26, 2022

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