Algonquin · Belvedere · Bolling Brook · Cottage Row Park · Cromwell Farms · East Belvedere · Glenwood Park · Lochhaven · Meadowbrook · Monticello Village · Norfolk Crossing · North Meadow Brook · Oakdale Farms · Partra · Riverfront · Riverpoint · Suburban Acres · Talbot Park · Titustown · Wards Corner · Wards Corner Business Association
Data as of February 2026. Source: Realtor.com.
The NORFOLK, VA real estate market (23505) currently shows 46 active listings. Homes are averaging 40 days on the market before going under contract.
Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 40 days on market compared to 34 days last year.
The median listing price has risen 1.8% year-over-year, from $313,250 to $318,825.
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: 28,619 · Density: 1,681.9/mi² · Median household income: $56,919
Typical home value: $314,807 · Homeownership: 34.5%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 23505 | Norfolk, VA 23505 | 0.0 mi | 45 | $17,479,440 | $325,000 | $388,432 |
| 23509 | Norfolk, VA 23509 | 2.7 mi | 28 | $9,176,608 | $281,450 | $327,736 |
| 23517 | Norfolk, VA 23517 | 3.1 mi | 11 | $3,461,832 | $292,450 | $314,712 |
| 23507 | Norfolk, VA 23507 | 3.5 mi | 21 | $9,285,234 | $250,000 | $442,154 |
| 23504 | Norfolk, VA 23504 | 4.2 mi | 50 | $15,550,500 | $287,250 | $311,010 |
| 23703 | Portsmouth, VA 23703 | 5.0 mi | 72 | $25,197,552 | $348,500 | $349,966 |
| 23502 | Norfolk, VA 23502 | 5.7 mi | 25 | $10,047,150 | $357,500 | $401,886 |
| 23704 | Portsmouth, VA 23704 | 6.2 mi | 67 | $16,890,700 | $259,900 | $252,100 |
| 23324 | Chesapeake, VA 23324 | 7.9 mi | 55 | $16,439,995 | $290,000 | $298,909 |
| 23663 | Hampton, VA 23663 | 8.3 mi | 44 | $12,195,260 | $279,000 | $277,165 |
| 23701 | Portsmouth, VA 23701 | 8.3 mi | 61 | $16,629,027 | $265,000 | $272,607 |
| 23607 | Newport News, VA 23607 | 8.9 mi | 83 | $20,222,037 | $229,700 | $243,639 |
| 23669 | Hampton, VA 23669 | 9.8 mi | 106 | $34,274,888 | $301,667 | $323,348 |
As of February 2026, there are 46 active listings in NORFOLK, VA (zip code 23505), compared to 38 the prior year.
The median listing price in NORFOLK, VA 23505 is $318,825 as of February 2026, a 1.8% increase from $313,250 the prior year.
Homes in NORFOLK, VA 23505 spend an average of 40 days on the market before going under contract, compared to 34 days the prior year.
Based on current inventory and days-on-market data as of February 2026, NORFOLK, VA 23505 is currently a Buyer's Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 40 days on market compared to 34 days last year.
With SELL123.com's maximum 3% commission, sellers in NORFOLK, VA 23505 save an estimated $6,377 compared to a typical 5% commission on the median listing price of $318,825. 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.