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Norfolk Market Report

$395,111

AVERAGE PRICE OF 927 HOMES

$231,684

AVERAGE PRICE OF 26 DISTRESSED HOMES

$1,757,207

AVERAGE PRICE OF 28 MULTI-MILLION DOLLAR HOMES

$518,783

AVERAGE PRICE OF 73 NEWLY BUILT HOMES

$590,994

AVERAGE PRICE OF 19 HOMES WITH A POOL

$405,761

AVERAGE PRICE OF 54 REDUCED PRICE HOMES

Average Home

Average Price $395,111
Avg Bedrooms 2.88 beds
Avg Bathrooms 1.77 baths

Average Price by Bedrooms

1 bedroom $244,509
2 bedrooms $275,505
3 bedrooms $347,275
4 bedrooms $432,730
5 bedrooms $542,666
Norfolk Home Price Trends
  6/2024 5/2024 4/2024 3/2024 2/2024
Total Listings 907 883 830 772 803
Average Price $405,064 $397,248 $399,697 $396,686 $388,220
Avg Price Change +1.97% -0.62% +0.76% +2.18% +1.92%
Median Price $319,454 $320,729 $323,127 $319,751 $316,735
Med Price Change -0.40% -0.75% +1.06% +0.95% +0.55%
Avg Bedrooms 2.9 beds 2.92 beds 2.89 beds 2.89 beds 2.92 beds
Avg Bathrooms 1.81 baths 1.8 baths 1.77 baths 1.75 baths 1.76 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Maury 305 $430,219 54 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 927 $395,111 57 days
Distressed Homes 26 $231,684 77 days
Multi-Million Dollar Homes 28 $1,757,207 138 days
Newly Built Homes 73 $518,783 76 days
Homes with a Pool 19 $590,994 43 days
Reduced Price Homes 54 $405,761 45 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: July 24, 2024

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