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Norfolk Market Report

$287,663

AVERAGE PRICE OF 1,589 HOMES

$158,659

AVERAGE PRICE OF 111 DISTRESSED HOMES

$1,787,995

AVERAGE PRICE OF 21 MULTI-MILLION DOLLAR HOMES

$355,048

AVERAGE PRICE OF 154 NEWLY BUILT HOMES

$533,128

AVERAGE PRICE OF 37 HOMES WITH A POOL

$300,009

AVERAGE PRICE OF 50 REDUCED PRICE HOMES

Average Home

Average Price $287,663
Avg Bedrooms 2.97 beds
Avg Bathrooms 1.8 baths

Average Price by Bedrooms

1 bedroom $183,358
2 bedrooms $182,666
3 bedrooms $224,858
4 bedrooms $326,556
5 bedrooms $445,650
Norfolk Home Price Trends
  5/2019 4/2019 3/2019 2/2019 1/2019
Total Listings 1,633 1,618 1,490 1,410 1,297
Average Price $285,724 $280,235 $274,667 $269,715 $269,665
Avg Price Change +1.96% +2.03% +1.84% +0.02% +1.28%
Median Price $227,000 $224,892 $220,400 $218,761 $215,194
Med Price Change +0.94% +2.04% +0.75% +1.66% +1.49%
Avg Bedrooms 2.98 beds 2.97 beds 2.96 beds 2.98 beds 2.98 beds
Avg Bathrooms 1.8 baths 1.8 baths 1.78 baths 1.76 baths 1.75 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bt Washington 210 $217,572 76 days
Granby 334 $249,683 84 days
Lake Taylor 273 $328,219 75 days
Maury 484 $339,251 75 days
Norview 252 $212,859 72 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,589 $287,663 79 days
Distressed Homes 111 $158,659 113 days
Multi-Million Dollar Homes 21 $1,787,995 97 days
Newly Built Homes 154 $355,048 86 days
Homes with a Pool 37 $533,128 56 days
Reduced Price Homes 50 $300,009 61 days
SEVEN CITY HOMES at Beach South Realty
Jason Sampson
5265 Providence Rd. Suite 202
Virginia Beach, VA 23464
757-390-7575
Mike Startare
600 Lynnhaven Parkway, Suite 100
Virginia Beach, VA, 23452
Work:757.498.6789 Ext:2614
Mobile:757.270.4647
Licensed in VA, NC.

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REIN update its listing on a daily basis. data last updated: June 19, 2019

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