How much do homes in Norfolk, VA cost?

Median List Price

$294,640

$182/sqft

Based on all homes listed in April 2022.

Difference Since Last Month

+$9,640(+3.4%)

Key Takeaway

The list price of homes in Norfolk has increased by 3.4% since March.

Median List Price By Bedroom Count

# BEDSMar 2022Apr 2022%
1 $199.9K$199.9K
0.0%
2 $196K$195K
-0.5%
3 $265K$269.9K
+1.9%
4 $337.1K$337.6K
0.1%
5+ $384.7K$394.9K
+2.7%

Median List Price Compared To Nearby Cities

Chesapeake
+5.1%
Norfolk
+3.4%
Portsmouth
+2.1%
Hampton
+1.3%
Virginia Beach
0.1%

How many homes are available in Norfolk, VA?

Number of Homes For Sale

Mar 2022Apr 2022%
1,2121,289+6.4%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 2629
+11.5%
2 183181
-1.1%
3 511555
+8.6%
4 410432
+5.4%
5+ 8292
+12.2%

Average Listing Age

Mar 2022Apr 2022%
65 Days64 Days-1.9%

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Norfolk, VA

Norfolk, VA has 1,289 homes for sale to choose from. The number of listings in Norfolk, VA increased by 6.4% between March 2022 and April 2022. In April 2022 median list price was $294,640 and the average listing age was 64 days. Listing prices have changed in this real estate market between April 2021 and April 2022: prices of 1 bedroom properties remained the same, the cost of 2 bedrooms properties went down by 0.5%, the cost of 3 bedrooms properties went up by 1.9%, 4 bedrooms properties prices increased by 0.1%, prices of 5 bedrooms properties increased by 2.7%. This housing market inventory have changed: number of 1 bedroom homes increased by 11.5%, the quantity of 2 bedrooms homes went down by 1.1%, 3 bedrooms homes inventory increased by 8.6%, the quantity of 4 bedrooms homes went up by 5.4%, the quantity of 5 bedrooms homes went up by 12.2%.

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