Norfolk

Why you'd want to live in Norfolk

Norfolk is home to the world’s largest naval base and the North American Headquarters for NATO (North Atlantic Treaty Organization). Norfolk’s first official arts district, the NEON District, is home to a new wave of passion and creativity in downtown. NEON, or New Energy Of Norfolk, is bordered by the Harrison Opera House and Chrysler Museum of Art & Glass Studio and is home to plenty of restaurants, a comedy club and more! Offering a vibrant blend of history and heritage with contemporary attractions, outdoor adventure and cultural institutions, Norfolk is an exciting destination. Visitors will find an easily walkable downtown that offers eclectic dining options, a rich arts scene, high-end shopping and year-round special events.

Norfolk Market Report

$320,611

AVERAGE PRICE OF 1,134 HOMES

$175,388

AVERAGE PRICE OF 27 DISTRESSED HOMES

$1,852,273

AVERAGE PRICE OF 11 MULTI-MILLION DOLLAR HOMES

$465,020

AVERAGE PRICE OF 114 NEWLY BUILT HOMES

$432,347

AVERAGE PRICE OF 21 HOMES WITH A POOL

$332,033

AVERAGE PRICE OF 33 REDUCED PRICE HOMES

Average Home

Average Price $320,611
Avg Bedrooms 2.89 beds
Avg Bathrooms 1.71 baths

Average Price by Bedrooms

1 bedroom $197,724
2 bedrooms $222,830
3 bedrooms $284,189
4 bedrooms $365,617
5 bedrooms $424,040
Norfolk Home Price Trends
  9/2021 8/2021 7/2021 6/2021 5/2021
Total Listings 1,220 1,245 1,219 1,219 1,149
Average Price $318,201 $319,540 $326,947 $328,215 $338,232
Avg Price Change -0.42% -2.32% -0.39% -3.05% +2.07%
Median Price $263,175 $265,043 $269,156 $270,851 $273,631
Med Price Change -0.71% -1.55% -0.63% -1.03% -0.41%
Avg Bedrooms 2.9 beds 2.92 beds 2.94 beds 3 beds 3 beds
Avg Bathrooms 1.72 baths 1.74 baths 1.77 baths 1.81 baths 1.82 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bt Washington 151 $287,863 55 days
Granby 261 $291,763 78 days
Lake Taylor 183 $390,324 92 days
Maury 329 $342,624 65 days
Norview 192 $258,515 46 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,134 $320,611 73 days
Distressed Homes 27 $175,388 136 days
Multi-Million Dollar Homes 11 $1,852,273 271 days
Newly Built Homes 114 $465,020 161 days
Homes with a Pool 21 $432,347 47 days
Reduced Price Homes 33 $332,033 45 days
Creed Realty
Elizabeth Harvey
600 Lynnhaven Pkwy, Suite 206
Virginia Beach, VA 23452
Direct: 757-985-2132
Office: 757-502-4070
Fax: 757-502-4071

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REIN update its listing on a daily basis. data last updated: October 15, 2021

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