Housing Prices in Norfolk, VA
How much do homes in Norfolk, VA cost?
Median List Price
$325,000
$201/sqft
Based on all homes listed in April 2024.
Difference Since Last Month
Summary: The median home list price in Norfolk was $325,000 in April 2024, up 1.6% from the previous month, and the median price per square foot was $201.
Median List Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202K | $197.5K | -2.2% |
2 Bedrooms | $249.9K | $250K | 0.0% |
3 Bedrooms | $300K | $300.2K | 0.1% |
4 Bedrooms | $383.6K | $398K | +3.8% |
5+ Bedrooms | $400K | $415K | +3.8% |
Summary: Norfolk housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 3.8%.
Median List Price Compared To Nearby Cities
Virginia Beach | $403K | $417.7K | +3.7% |
Norfolk | $319.9K | $325K | +1.6% |
Chesapeake | $429.6K | $436.6K | +1.6% |
Housing Supply in Norfolk, VA
How many homes are available in Norfolk, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,198 | 1,283 | +7.1% |
Summary: The Norfolk real estate market had 1,283 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 30 | +25.0% |
2 Bedrooms | 175 | 195 | +11.4% |
3 Bedrooms | 502 | 533 | +6.2% |
4 Bedrooms | 401 | 420 | +4.7% |
5+ Bedrooms | 96 | 105 | +9.4% |
Summary: The Norfolk housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 9.4%.
Days on Market for Norfolk, VA
How long does it take to sell a home in Norfolk, VA?
Average Listing Age
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
74 Days | 77 Days | +4.0% |
Summary: Homes in Norfolk had an average listing age of 77 days in Apr 2024, up by 4% compared to the previous month.