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Norfolk Market Report

$396,734

AVERAGE PRICE OF 846 HOMES

$219,396

AVERAGE PRICE OF 26 DISTRESSED HOMES

$1,832,792

AVERAGE PRICE OF 25 MULTI-MILLION DOLLAR HOMES

$538,872

AVERAGE PRICE OF 69 NEWLY BUILT HOMES

$721,799

AVERAGE PRICE OF 20 HOMES WITH A POOL

$420,494

AVERAGE PRICE OF 38 REDUCED PRICE HOMES

Average Home

Average Price $396,734
Avg Bedrooms 2.91 beds
Avg Bathrooms 1.78 baths

Average Price by Bedrooms

1 bedroom $212,652
2 bedrooms $279,124
3 bedrooms $344,350
4 bedrooms $445,294
5 bedrooms $466,034
Norfolk Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 772 803 787 825 841
Average Price $396,686 $388,220 $380,924 $373,865 $373,377
Avg Price Change +2.18% +1.92% +1.89% +0.13% -1.47%
Median Price $319,751 $316,735 $314,995 $314,085 $315,864
Med Price Change +0.95% +0.55% +0.29% -0.57% -0.69%
Avg Bedrooms 2.89 beds 2.92 beds 2.93 beds 2.99 beds 2.98 beds
Avg Bathrooms 1.75 baths 1.76 baths 1.76 baths 1.78 baths 1.79 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Maury 272 $409,722 59 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 846 $396,734 57 days
Distressed Homes 26 $219,396 53 days
Multi-Million Dollar Homes 25 $1,832,792 129 days
Newly Built Homes 69 $538,872 78 days
Homes with a Pool 20 $721,799 53 days
Reduced Price Homes 38 $420,494 54 days
Pilot Realty
3207 Churchland Blvd
Chesapeake, VA 23321
757-781-1600
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