Active Listings
19
⇧ 137.5% vs 8 last year
Ghent Neighborhood League · Ghent Square · West Ghent
Data as of February 2026. Source: Realtor.com.
The NORFOLK, VA real estate market (23507) currently shows 19 active listings. Homes are averaging 78 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 78 days on market compared to 70 days last year.
The median listing price has fallen 46.1% year-over-year, from $469,250 to $252,750.
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: 6,588 · Density: 2,802.2/mi² · Median household income: $93,512
Typical home value: $508,798 · Homeownership: 41.4%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 23507 | Norfolk, VA 23507 | 0.0 mi | 21 | $9,285,234 | $250,000 | $442,154 |
| 23510 | Norfolk, VA 23510 | 1.1 mi | 40 | $16,822,480 | $327,250 | $420,562 |
| 23504 | Norfolk, VA 23504 | 2.1 mi | 50 | $15,550,500 | $287,250 | $311,010 |
| 23509 | Norfolk, VA 23509 | 2.6 mi | 28 | $9,176,608 | $281,450 | $327,736 |
| 23523 | Norfolk, VA 23523 | 2.8 mi | 12 | $3,965,508 | $330,000 | $330,459 |
| 23703 | Portsmouth, VA 23703 | 3.9 mi | 72 | $25,197,552 | $348,500 | $349,966 |
| 23702 | Portsmouth, VA 23702 | 4.4 mi | 35 | $8,948,415 | $245,000 | $255,669 |
| 23325 | Chesapeake, VA 23325 | 4.9 mi | 18 | $5,699,880 | $299,999 | $316,660 |
| 23701 | Portsmouth, VA 23701 | 5.2 mi | 61 | $16,629,027 | $265,000 | $272,607 |
| 23503 | Norfolk, VA 23503 | 6.2 mi | 67 | $29,425,864 | $350,000 | $439,192 |
| 23464 | Virginia Beach, VA 23464 | 8.3 mi | 73 | $31,454,021 | $424,500 | $430,877 |
| 23455 | Virginia Beach, VA 23455 | 9.0 mi | 69 | $38,448,939 | $463,750 | $557,231 |
| 23435 | Suffolk, VA 23435 | 10.0 mi | 135 | $73,078,605 | $517,000 | $541,323 |
As of February 2026, there are 19 active listings in NORFOLK, VA (zip code 23507), compared to 8 the prior year.
The median listing price in NORFOLK, VA 23507 is $252,750 as of February 2026, a 46.1% decrease from $469,250 the prior year.
Homes in NORFOLK, VA 23507 spend an average of 78 days on the market before going under contract, compared to 70 days the prior year.
Based on current inventory and days-on-market data as of February 2026, NORFOLK, VA 23507 is currently a Buyer's Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 78 days on market compared to 70 days last year.
With SELL123.com's maximum 3% commission, sellers in NORFOLK, VA 23507 save an estimated $5,055 compared to a typical 5% commission on the median listing price of $252,750. 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.