Active Listings
33
⇩ 5.7% vs 35 last year
Colonial Place · Edgewater (Larchmont) · Highland Park · Lambert's Point · Odu Village · Park Place
Data as of February 2026. Source: Realtor.com.
The NORFOLK, VA real estate market (23508) currently shows 33 active listings, with 1 pending sales. Homes are averaging 60 days on the market before going under contract.
Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 60 days on market compared to 56 days last year.
The median listing price has fallen 10.3% year-over-year, from $390,225 to $349,950.
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: 20,647 · Density: 2,386.5/mi² · Median household income: $73,075
Typical home value: $379,587 · Homeownership: 50.1%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 23508 | Norfolk, VA 23508 | 0.0 mi | 43 | $16,661,683 | $364,900 | $387,481 |
| 23507 | Norfolk, VA 23507 | 1.4 mi | 21 | $9,285,234 | $250,000 | $442,154 |
| 23510 | Norfolk, VA 23510 | 2.5 mi | 40 | $16,822,480 | $327,250 | $420,562 |
| 23504 | Norfolk, VA 23504 | 3.1 mi | 50 | $15,550,500 | $287,250 | $311,010 |
| 23703 | Portsmouth, VA 23703 | 3.4 mi | 72 | $25,197,552 | $348,500 | $349,966 |
| 23704 | Portsmouth, VA 23704 | 4.0 mi | 67 | $16,890,700 | $259,900 | $252,100 |
| 23503 | Norfolk, VA 23503 | 5.1 mi | 67 | $29,425,864 | $350,000 | $439,192 |
| 23502 | Norfolk, VA 23502 | 5.7 mi | 25 | $10,047,150 | $357,500 | $401,886 |
| 23701 | Portsmouth, VA 23701 | 6.1 mi | 61 | $16,629,027 | $265,000 | $272,607 |
| 23325 | Chesapeake, VA 23325 | 6.2 mi | 18 | $5,699,880 | $299,999 | $316,660 |
| 23455 | Virginia Beach, VA 23455 | 9.1 mi | 69 | $38,448,939 | $463,750 | $557,231 |
| 23464 | Virginia Beach, VA 23464 | 9.4 mi | 73 | $31,454,021 | $424,500 | $430,877 |
| 23661 | Hampton, VA 23661 | 9.5 mi | 47 | $12,697,332 | $262,500 | $270,156 |
As of February 2026, there are 33 active listings in NORFOLK, VA (zip code 23508), compared to 35 the prior year.
The median listing price in NORFOLK, VA 23508 is $349,950 as of February 2026, a 10.3% decrease from $390,225 the prior year.
Homes in NORFOLK, VA 23508 spend an average of 60 days on the market before going under contract, compared to 56 days the prior year.
Based on current inventory and days-on-market data as of February 2026, NORFOLK, VA 23508 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 60 days on market compared to 56 days last year.
With SELL123.com's maximum 3% commission, sellers in NORFOLK, VA 23508 save an estimated $6,999 compared to a typical 5% commission on the median listing price of $349,950. 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.