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Data as of February 2026. Source: Realtor.com.
The NORFOLK, VA real estate market (23504) currently shows 50 active listings. Homes are averaging 41 days on the market before going under contract.
Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.
Homes are selling faster, averaging 41 days on market compared to 54 days last year.
The median listing price has risen 4.7% year-over-year, from $267,500 to $280,000.
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.
Population: 24,202 · Density: 2,284.6/mi² · Median household income: $39,611
Typical home value: $239,481 · Homeownership: 33.9%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 23504 | Norfolk, VA 23504 | 0.0 mi | 50 | $15,550,500 | $287,250 | $311,010 |
| 23517 | Norfolk, VA 23517 | 1.7 mi | 11 | $3,461,832 | $292,450 | $314,712 |
| 23509 | Norfolk, VA 23509 | 1.8 mi | 28 | $9,176,608 | $281,450 | $327,736 |
| 23513 | Norfolk, VA 23513 | 2.7 mi | 48 | $14,308,368 | $292,500 | $298,091 |
| 23502 | Norfolk, VA 23502 | 3.1 mi | 25 | $10,047,150 | $357,500 | $401,886 |
| 23704 | Portsmouth, VA 23704 | 3.3 mi | 67 | $16,890,700 | $259,900 | $252,100 |
| 23505 | Norfolk, VA 23505 | 4.2 mi | 45 | $17,479,440 | $325,000 | $388,432 |
| 23518 | Norfolk, VA 23518 | 5.0 mi | 88 | $44,206,008 | $395,000 | $502,341 |
| 23703 | Portsmouth, VA 23703 | 6.0 mi | 72 | $25,197,552 | $348,500 | $349,966 |
| 23464 | Virginia Beach, VA 23464 | 6.3 mi | 73 | $31,454,021 | $424,500 | $430,877 |
| 23701 | Portsmouth, VA 23701 | 6.6 mi | 61 | $16,629,027 | $265,000 | $272,607 |
| 23320 | Chesapeake, VA 23320 | 7.7 mi | 95 | $41,889,300 | $425,000 | $440,940 |
| 23450 | Virginia Beach, VA 23450 | 9.6 mi | 1 | $200,000 | $200,000 | $200,000 |
As of February 2026, there are 50 active listings in NORFOLK, VA (zip code 23504), compared to 40 the prior year.
The median listing price in NORFOLK, VA 23504 is $280,000 as of February 2026, a 4.7% increase from $267,500 the prior year.
Homes in NORFOLK, VA 23504 spend an average of 41 days on the market before going under contract, compared to 54 days the prior year.
Based on current inventory and days-on-market data as of February 2026, NORFOLK, VA 23504 is currently a Balanced Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are selling faster, averaging 41 days on market compared to 54 days last year.
With SELL123.com's maximum 3% commission, sellers in NORFOLK, VA 23504 save an estimated $5,600 compared to a typical 5% commission on the median listing price of $280,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.