Norfolk Market Report
$385,093
AVERAGE PRICE OF 789 HOMES$249,347
AVERAGE PRICE OF 36 DISTRESSED HOMES$1,667,682
AVERAGE PRICE OF 22 MULTI-MILLION DOLLAR HOMES$531,193
AVERAGE PRICE OF 58 NEWLY BUILT HOMES$366,695
AVERAGE PRICE OF 11 HOMES WITH A POOL$390,470
AVERAGE PRICE OF 27 REDUCED PRICE HOMESAverage Home
| Average Price | $385,093 |
| Avg Bedrooms | 2.91 beds |
| Avg Bathrooms | 1.75 baths |
Average Price by Bedrooms
| 1 bedroom | $216,678 |
| 2 bedrooms | $290,183 |
| 3 bedrooms | $330,080 |
| 4 bedrooms | $417,463 |
| 5 bedrooms | $537,078 |
Norfolk Home Price Trends
| 12/2024 | 11/2024 | 10/2024 | 9/2024 | 8/2024 | |
|---|---|---|---|---|---|
| Total Listings | 834 | 915 | 927 | 919 | 923 |
| Average Price | $384,768 | $392,307 | $392,836 | $393,062 | $391,632 |
| Avg Price Change | -1.96% | -0.13% | -0.06% | +0.37% | -1.21% |
| Median Price | $322,075 | $325,000 | $324,760 | $325,495 | $325,190 |
| Med Price Change | -0.91% | +0.07% | -0.23% | +0.09% | +1.99% |
| Avg Bedrooms | 2.92 beds | 2.94 beds | 2.93 beds | 2.88 beds | 2.87 beds |
| Avg Bathrooms | 1.75 baths | 1.82 baths | 1.79 baths | 1.75 baths | 1.75 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Maury | 247 | $393,772 | 75 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 789 | $385,093 | 69 days |
| Distressed Homes | 36 | $249,347 | 83 days |
| Multi-Million Dollar Homes | 22 | $1,667,682 | 127 days |
| Newly Built Homes | 58 | $531,193 | 70 days |
| Homes with a Pool | 11 | $366,695 | 66 days |
| Reduced Price Homes | 27 | $390,470 | 65 days |
