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City / Town Overview

Norfolk, VA

Aggregate real estate market report across all ZIPs in scope
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The Norfolk, VA real estate market currently shows 480 active listings, with 5 pending sales. Homes are averaging 42.5 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 42.5 days on market compared to 39.5 days last year.

The median listing price has fallen 1.9% year-over-year, from $336,706 to $330,283.

Whether you are buying or selling in Norfolk, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 236,973  ·  Density: 1,973.0/mi²  ·  Median household income: $61,244

Typical home value: $253,109  ·  Homeownership: 42.8%

Included Areas

Norfolk: 23506, 23507, 23510, 23511, 23515, 23517, 23518, 23519, 23523, 23529, 23541, 23551

Azalea Acres: 23501

Janaf: 23502

Ocean View: 23503

Brambleton: 23504

Colony Points Apartments: 23505

Larchmont: 23508

Lafayette Shores: 23509

Norview Heights: 23513

Huntersville: 23514

Area Map

Market Overview

Active Listings
480
⇧ 2.3% vs 469 last year
Pending
5
1% pending ratio
Median Price
$330,283
⇩ 1.9% vs $336,706 last year
Average Price
$400,017
⇧ 4.2% vs $383,889 last year
Days on Market
42.5
⇧ 7.6% vs 40 days last year

Price Per Square Foot

Median $/sqft
$221
⇧ 1.8% vs $217/sqft last year
Median Home Size
1,594 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %