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

$432,574

AVERAGE PRICE OF 1,047 HOMES

$252,168

AVERAGE PRICE OF 43 DISTRESSED HOMES

$1,631,459

AVERAGE PRICE OF 41 MULTI-MILLION DOLLAR HOMES

$577,229

AVERAGE PRICE OF 63 NEWLY BUILT HOMES

$677,352

AVERAGE PRICE OF 19 HOMES WITH A POOL

$380,577

AVERAGE PRICE OF 36 REDUCED PRICE HOMES

Average Home

Average Price $432,574
Avg Bedrooms 2.99 beds
Avg Bathrooms 1.92 baths

Average Price by Bedrooms

1 bedroom $224,665
2 bedrooms $282,282
3 bedrooms $323,734
4 bedrooms $502,769
5 bedrooms $587,280
Norfolk Home Price Trends
  5/2026 4/2026 3/2026 2/2026 1/2026
Total Listings n/a 959 852 834 806
Average Price n/a $449,811 $436,829 $421,925 $418,119
Avg Price Change n/a +2.97% +3.53% +0.91% +1.43%
Median Price n/a $347,415 $331,912 $327,777 $330,383
Med Price Change n/a +4.67% +1.26% -0.80% +0.30%
Avg Bedrooms n/a 2.93 beds 2.92 beds 2.93 beds 2.95 beds
Avg Bathrooms n/a 1.82 baths 1.87 baths 1.87 baths 1.87 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bt Washington 138 $354,283 57 days
Granby 223 $440,209 53 days
Lake Taylor 172 $517,245 59 days
Maury 313 $439,186 57 days
Norview 181 $322,147 36 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,047 $432,574 43 days
Distressed Homes 43 $252,168 108 days
Multi-Million Dollar Homes 41 $1,631,459 121 days
Newly Built Homes 63 $577,229 71 days
Homes with a Pool 19 $677,352 70 days
Reduced Price Homes 36 $380,577 40 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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