Norfolk Market Report
$393,090
AVERAGE PRICE OF 893 HOMES$206,277
AVERAGE PRICE OF 22 DISTRESSED HOMES$1,606,852
AVERAGE PRICE OF 27 MULTI-MILLION DOLLAR HOMES$511,819
AVERAGE PRICE OF 64 NEWLY BUILT HOMES$702,585
AVERAGE PRICE OF 20 HOMES WITH A POOL$364,108
AVERAGE PRICE OF 46 REDUCED PRICE HOMESAverage Home
| Average Price | $393,090 |
| Avg Bedrooms | 2.94 beds |
| Avg Bathrooms | 1.78 baths |
Average Price by Bedrooms
| 1 bedroom | $219,661 |
| 2 bedrooms | $276,978 |
| 3 bedrooms | $337,368 |
| 4 bedrooms | $444,536 |
| 5 bedrooms | $573,799 |
Norfolk Home Price Trends
| 9/2024 | 8/2024 | 7/2024 | 6/2024 | 5/2024 | |
|---|---|---|---|---|---|
| Total Listings | 919 | 923 | 917 | 907 | 883 |
| Average Price | $393,062 | $391,632 | $396,385 | $405,064 | $397,248 |
| Avg Price Change | +0.37% | -1.21% | -2.19% | +1.97% | -0.62% |
| Median Price | $325,495 | $325,190 | $318,850 | $319,454 | $320,729 |
| Med Price Change | +0.09% | +1.99% | -0.19% | -0.40% | -0.75% |
| Avg Bedrooms | 2.88 beds | 2.87 beds | 2.89 beds | 2.9 beds | 2.92 beds |
| Avg Bathrooms | 1.75 baths | 1.75 baths | 1.79 baths | 1.81 baths | 1.8 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Maury | 281 | $429,442 | 64 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 893 | $393,090 | 61 days |
| Distressed Homes | 22 | $206,277 | 87 days |
| Multi-Million Dollar Homes | 27 | $1,606,852 | 109 days |
| Newly Built Homes | 64 | $511,819 | 72 days |
| Homes with a Pool | 20 | $702,585 | 42 days |
| Reduced Price Homes | 46 | $364,108 | 36 days |
