Norfolk

Why you'd want to live in Norfolk

Norfolk stands out with its rich history, cultural depth, and waterfront charm. As home to the world’s largest naval base, it has a strong military presence and a dynamic port economy. The downtown area is lively, with museums, theaters, music venues, and a thriving arts scene that gives the city a creative pulse. Norfolk’s neighborhoods range from historic districts with character-filled homes to modern developments with sleek apartments. The Elizabeth River and Chesapeake Bay provide scenic views and opportunities for boating and waterfront dining. For those who enjoy urban living with a maritime twist, Norfolk offers a compelling mix of culture, commerce, and coastal living.

Norfolk Market Report

$417,457

AVERAGE PRICE OF 833 HOMES

$243,244

AVERAGE PRICE OF 54 DISTRESSED HOMES

$1,836,000

AVERAGE PRICE OF 34 MULTI-MILLION DOLLAR HOMES

$559,489

AVERAGE PRICE OF 50 NEWLY BUILT HOMES

$675,611

AVERAGE PRICE OF 9 HOMES WITH A POOL

$414,715

AVERAGE PRICE OF 33 REDUCED PRICE HOMES

Average Home

Average Price $417,457
Avg Bedrooms 2.93 beds
Avg Bathrooms 1.87 baths

Average Price by Bedrooms

1 bedroom $213,802
2 bedrooms $261,694
3 bedrooms $417,418
4 bedrooms $464,895
5 bedrooms $560,721
Norfolk Home Price Trends
  1/2026 12/2025 11/2025 10/2025 9/2025
Total Listings 806 876 965 990 985
Average Price $418,119 $412,236 $409,933 $407,208 $405,670
Avg Price Change +1.43% +0.56% +0.67% +0.38% +2.21%
Median Price $330,383 $329,396 $327,165 $326,446 $328,931
Med Price Change +0.30% +0.68% +0.22% -0.76% +0.47%
Avg Bedrooms 2.95 beds 3.17 beds 3.41 beds 3.48 beds 2.96 beds
Avg Bathrooms 1.87 baths 1.81 baths 1.94 baths 1.69 baths 1.82 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Lake Taylor 1 $589,000 77 days
Maury 255 $381,595 71 days
Total Homes Average Price Avg Days on Site
All Homes 833 $417,457 71 days
Distressed Homes 54 $243,244 112 days
Multi-Million Dollar Homes 34 $1,836,000 121 days
Newly Built Homes 50 $559,489 112 days
Homes with a Pool 9 $675,611 52 days
Reduced Price Homes 33 $414,715 63 days

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Boyd Realty Partners
313 Office Square Ln, Ste 200-C
Virginia Beach, VA 23462
Direct: (757) 330-1332

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