Norfolk, VA Real Estate & Property Data

Norfolk Real Estate Market Trends
Last Updated: August 30, 2025

Accurate and comprehensive real estate data is critical for insight into Norfolk, VA. ATTOM’s Norfolk real estate data is updated daily, and current market trends show that in Norfolk, VA a total of 3,976 residential properties have sold over the past year. With a median home price of $330,000 in Norfolk and a total of 20 foreclosures. Get detailed property data for Norfolk, VA instantly. ATTOM is your one-stop-shop for the Norfolk property reports and real estate data you need in Norfolk, VA.

Norfolk Real Estate Market Trends
Total Residential Properties 59,126
Total Commercial Properties 3,483
Avg. Home Age (Single Family Home) 66 Years
Avg. Square Feet (Single Family Home) 1,708
Total 2025 Residential Sales (year-to-date) 1,807
% of Homes Seriously Underwater (Q3 2025) 0.97%
Total 2024 Residential Sales 3,720
% of Equity Rich Homes (Q3 2025) 31.48%
Effective 2024 Property Tax 1.1%
Total Foreclosure Filings (year-to-date) 136
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Norfolk, VA Real Estate Overview

There were 3,976 residential properties sold in the past year in Norfolk, VA. The median home value in Norfolk, VA is $305,834. There are a total of 59,126 residential properties in the Norfolk.

Median Sales Price i
$330,000
(Jun 2025)
+4.8%
year-over-year
y-o-y
  • June '25 Jun '25 $330,000
  • May '25 May '25 $315,000
  • April '25 Apr '25 $310,775
  • March '25 Mar '25 $315,000
  • February '25 Feb '25 $299,450
  • January '25 Jan '25 $315,000
  • December '24 Dec '24 $317,750
  • November '24 Nov '24 $305,000
  • October '24 Oct '24 $299,000
  • September '24 Sep '24 $314,750
  • August '24 Aug '24 $311,000
  • July '24 Jul '24 $311,105
Median Down Payment i
$45,812
(Jun 2025)
+25%
year-over-year
y-o-y
  • June '25 Jun '25 $45,812
  • May '25 May '25 $48,500
  • April '25 Apr '25 $26,500
  • March '25 Mar '25 $42,000
  • February '25 Feb '25 $35,000
  • January '25 Jan '25 $36,050
  • December '24 Dec '24 $47,800
  • November '24 Nov '24 $31,000
  • October '24 Oct '24 $25,000
  • September '24 Sep '24 $39,800
  • August '24 Aug '24 $45,000
  • July '24 Jul '24 $40,900
Number of Homes Sold i
356
(Jun 2025)
+24.9%
year-over-year
y-o-y
  • June '25 Jun '25 356
  • May '25 May '25 356
  • April '25 Apr '25 326
  • March '25 Mar '25 283
  • February '25 Feb '25 284
  • January '25 Jan '25 202
  • December '24 Dec '24 265
  • November '24 Nov '24 269
  • October '24 Oct '24 307
  • September '24 Sep '24 334
  • August '24 Aug '24 337
  • July '24 Jul '24 372
Number of Purchase Loans i
289
(Jun 2025)
+19.4%
year-over-year
y-o-y
  • June '25 Jun '25 289
  • May '25 May '25 290
  • April '25 Apr '25 273
  • March '25 Mar '25 254
  • February '25 Feb '25 234
  • January '25 Jan '25 174
  • December '24 Dec '24 213
  • November '24 Nov '24 236
  • October '24 Oct '24 257
  • September '24 Sep '24 274
  • August '24 Aug '24 275
  • July '24 Jul '24 301
Number of REFI Loans i
127
(Jun 2025)
+11.4%
year-over-year
y-o-y
  • June '25 Jun '25 127
  • May '25 May '25 142
  • April '25 Apr '25 199
  • March '25 Mar '25 143
  • February '25 Feb '25 110
  • January '25 Jan '25 164
  • December '24 Dec '24 136
  • November '24 Nov '24 154
  • October '24 Oct '24 216
  • September '24 Sep '24 157
  • August '24 Aug '24 128
  • July '24 Jul '24 132
Number of HELOC Loans i
75
(Jun 2025)
+36.4%
year-over-year
y-o-y
  • June '25 Jun '25 75
  • May '25 May '25 65
  • April '25 Apr '25 52
  • March '25 Mar '25 51
  • February '25 Feb '25 42
  • January '25 Jan '25 45
  • December '24 Dec '24 38
  • November '24 Nov '24 50
  • October '24 Oct '24 68
  • September '24 Sep '24 65
  • August '24 Aug '24 61
  • July '24 Jul '24 60

Norfolk, VA Real Estate Market Overview

Last 30 days
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value

Norfolk, VA Foreclosure Activity

There were a total of 20 Norfolk, VA properties with a foreclosure filing in June 2025. Lenders started the foreclosure process on 20 Norfolk, VA properties and repossessed 7 Norfolk, VA properties through completed foreclosures (REOs) in June 2025.

Total Foreclosure Filings i
20
(Jun 2025)
+42.9%
year-over-year
y-o-y
  • June '25 Jun '25 20
  • May '25 May '25 25
  • April '25 Apr '25 36
  • March '25 Mar '25 28
  • February '25 Feb '25 13
  • January '25 Jan '25 14
  • December '24 Dec '24 7
  • November '24 Nov '24 11
  • October '24 Oct '24 18
  • September '24 Sep '24 18
  • August '24 Aug '24 22
  • July '24 Jul '24 16
Foreclosure Starts i
20
(Jun 2025)
+42.9%
year-over-year
y-o-y
  • June '25 Jun '25 20
  • May '25 May '25 25
  • April '25 Apr '25 36
  • March '25 Mar '25 28
  • February '25 Feb '25 13
  • January '25 Jan '25 14
  • December '24 Dec '24 7
  • November '24 Nov '24 11
  • October '24 Oct '24 18
  • September '24 Sep '24 18
  • August '24 Aug '24 22
  • July '24 Jul '24 16
Completed Foreclosures (REOs) i
7
(Jun 2025)
+600%
year-over-year
y-o-y
  • June '25 Jun '25 7
  • May '25 May '25 4
  • April '25 Apr '25 3
  • March '25 Mar '25 2
  • February '25 Feb '25 4
  • January '25 Jan '25 2
  • December '24 Dec '24 N/A
  • November '24 Nov '24 7
  • October '24 Oct '24 4
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
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