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Ballentine Place Brandon Place Chesapeake Gardens (Mamie Homes) Coleman Place Coronado-Inglenook East Fairmont Elmhurst Estabrook Fairmont Park First Oakmont North Townhouse Association Foxhall Greenhill Farms Greenwood Greenwood (Norview Heights) Inglenook Park Norfolk Garden Norvella Heights Norview Oakmont Park Crescent Partra Sandy Heights (Idlewood) Sewells Gardens Shadywood East Sherwood Forest St. Andrews Tanners Creek

NORFOLK, VA 23513

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 23513

Ballentine Place · Brandon Place · Chesapeake Gardens (Mamie Homes) · Coleman Place · Coronado-Inglenook · East Fairmont · Elmhurst · Estabrook · Fairmont Park · First Oakmont North Townhouse Association · Foxhall · Greenhill Farms · Greenwood · Greenwood (Norview Heights) · Inglenook Park · Norfolk Garden · Norvella Heights · Norview · Oakmont · Park Crescent · Partra · Sandy Heights (Idlewood) · Sewells Gardens · Shadywood East · Sherwood Forest · St. Andrews · Tanners Creek

Market Analysis

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

The NORFOLK, VA real estate market (23513) currently shows 57 active listings. Homes are averaging 33 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 33 days on market compared to 27 days last year.

The median listing price has risen 7.8% year-over-year, from $282,500 to $304,450.

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: 30,168  ·  Density: 2,297.0/mi²  ·  Median household income: $61,737

Typical home value: $201,263  ·  Homeownership: 53.6%

Market Overview

Active Listings
57
⇩ 9.5% vs 63 last year
Pending
0
0% pending ratio
Median Price
$304,450
⇧ 7.8% vs $282,500 last year
Average Price
$306,903
⇧ 7.5% vs $285,363 last year
Days on Market
33
⇧ 22.2% vs 27 days last year

Price Per Square Foot

Median $/sqft
$200
⇧ 0.5% vs $199/sqft last year
Median Home Size
1,564 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 57 this year vs 63 last year
  • Days on market: 33 now vs 27 last year

Median & Average Pricing

Year over Year
  • Median: $304,450 (+7.8% YoY)
  • Average: $306,903 (+7.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.6 miles — 719 listings ($279,644,749 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23513Norfolk, VA 235130.0 mi48$14,308,368$292,500$298,091
23518Norfolk, VA 235182.2 mi88$44,206,008$395,000$502,341
23504Norfolk, VA 235042.7 mi50$15,550,500$287,250$311,010
23505Norfolk, VA 235053.4 mi45$17,479,440$325,000$388,432
23510Norfolk, VA 235103.9 mi40$16,822,480$327,250$420,562
23503Norfolk, VA 235034.2 mi67$29,425,864$350,000$439,192
23325Chesapeake, VA 233255.1 mi18$5,699,880$299,999$316,660
23704Portsmouth, VA 237046.0 mi67$16,890,700$259,900$252,100
23707Portsmouth, VA 237076.5 mi43$12,878,973$285,000$299,511
23464Virginia Beach, VA 234647.2 mi73$31,454,021$424,500$430,877
23702Portsmouth, VA 237027.7 mi35$8,948,415$245,000$255,669
23452Virginia Beach, VA 234528.6 mi50$24,090,800$377,500$481,816
23320Chesapeake, VA 233209.6 mi95$41,889,300$425,000$440,940

Frequently Asked Questions

How many homes are for sale in NORFOLK, VA 23513?

As of February 2026, there are 57 active listings in NORFOLK, VA (zip code 23513), compared to 63 the prior year.

What is the median home price in NORFOLK, VA 23513?

The median listing price in NORFOLK, VA 23513 is $304,450 as of February 2026, a 7.8% increase from $282,500 the prior year.

How long do homes stay on the market in NORFOLK, VA?

Homes in NORFOLK, VA 23513 spend an average of 33 days on the market before going under contract, compared to 27 days the prior year.

Is it a seller's or buyer's market in NORFOLK, VA 23513?

Based on current inventory and days-on-market data as of February 2026, NORFOLK, VA 23513 is currently a Balanced Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 33 days on market compared to 27 days last year.

How much can I save on real estate commission in NORFOLK, VA?

With SELL123.com's maximum 3% commission, sellers in NORFOLK, VA 23513 save an estimated $6,089 compared to a typical 5% commission on the median listing price of $304,450. 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.