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Norfolk

Why you'd want to live in Norfolk

Nor-fok, or Naw-fok, no matter how you pronounce it, the experience will always be the same: fun, vibrant entertainment and culture, delicious cuisine and 144 miles of shoreline waiting to be explored! With the Chesapeake Bay, Atlantic ocean and countless rivers in our backyard, you are never far from the water; you can experience intense watersports, leisurely sails, or simply enjoy the view from your hotel room. OV Fishing Pier evening Take a tour of the Elizabeth River harbor on a majestic tall ship, sip on some of the best wines around at Mermaid Winery, Virginia’s very first urban winery, or watch world-renowned artists blow glass at the Chrysler Museum Glass Studio. If history is your thing, sign up for a boat or land tour of the world’s largest Naval Base, stop by the MacArthur Memorial, or walk the Cannonball Trail. Still looking for reasons to visit Norfolk? You can jam out to some of the nation’s best music at the NorVA, named “Venue that Rocks” the hardest by Rolling Stones magazine. There are antique shops, coffee houses 11am-beer.jpg& breweries galore in the hip, historic Ghent district just a few minutes from downtown. And Norfolk is friendly to our local environment with more than 45 registered LEED buildings as well as hotels, restaurants and attractions participating in the Virginia Green program. There is truly something for everyone here! via visitnorfolk.com/

Norfolk Market Report

$395,734

AVERAGE PRICE OF 922 HOMES

$201,552

AVERAGE PRICE OF 21 DISTRESSED HOMES

$1,646,241

AVERAGE PRICE OF 29 MULTI-MILLION DOLLAR HOMES

$510,956

AVERAGE PRICE OF 71 NEWLY BUILT HOMES

$675,361

AVERAGE PRICE OF 18 HOMES WITH A POOL

$412,641

AVERAGE PRICE OF 35 REDUCED PRICE HOMES

Average Home

Average Price $395,734
Avg Bedrooms 2.87 beds
Avg Bathrooms 1.75 baths

Average Price by Bedrooms

1 bedroom $223,162
2 bedrooms $277,735
3 bedrooms $342,485
4 bedrooms $449,173
5 bedrooms $584,389
Norfolk Home Price Trends
  8/2024 7/2024 6/2024 5/2024 4/2024
Total Listings 923 917 907 883 830
Average Price $391,632 $396,385 $405,064 $397,248 $399,697
Avg Price Change -1.21% -2.19% +1.97% -0.62% +0.76%
Median Price $325,190 $318,850 $319,454 $320,729 $323,127
Med Price Change +1.99% -0.19% -0.40% -0.75% +1.06%
Avg Bedrooms 2.87 beds 2.89 beds 2.9 beds 2.92 beds 2.89 beds
Avg Bathrooms 1.75 baths 1.79 baths 1.81 baths 1.8 baths 1.77 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Maury 287 $426,176 67 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 922 $395,734 63 days
Distressed Homes 21 $201,552 101 days
Multi-Million Dollar Homes 29 $1,646,241 138 days
Newly Built Homes 71 $510,956 84 days
Homes with a Pool 18 $675,361 49 days
Reduced Price Homes 35 $412,641 53 days
Anna Paduhovich Team
911 First Colonial Rd Suite 201
Virginia Beach, VA 23454
757-563-3448
Keller Williams Coastal Virginia
1100 Volvo Parkway, Suite 200
Chesapeake, VA 23320

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REIN update its listing on a daily basis. data last updated: September 17, 2024

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