Norfolk, VA Real Estate & Property Data

Norfolk Real Estate Market Trends
Last Updated: April 22, 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 3,965 residential properties have sold over the past year. With a median home price of $299,450 in Norfolk and a total of 13 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 59,124
Total Commercial Properties 3,488
Avg. Home Age (Single Family Home) 66 Years
Avg. Square Feet (Single Family Home) 1,708
Total 2025 Residential Sales (year-to-date) 486
% of Homes Seriously Underwater (Q2 2025) 0.91%
Total 2024 Residential Sales 3,720
% of Equity Rich Homes (Q2 2025) 30.48%
Effective 2024 Property Tax 1.14%
Total Foreclosure Filings (year-to-date) 27
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Norfolk, VA Real Estate Overview

There were 3,965 residential properties sold in the past year in Norfolk, VA. The median home value in Norfolk, VA is $298,468. There are a total of 59,124 residential properties in the Norfolk.

Median Sales Price i
$299,450
(Feb 2025)
+3.1%
year-over-year
y-o-y
  • 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
  • June '24 Jun '24 $315,000
  • May '24 May '24 $314,000
  • April '24 Apr '24 $296,000
  • March '24 Mar '24 $300,000
Median Down Payment i
$35,000
(Feb 2025)
+2.4%
year-over-year
y-o-y
  • 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
  • June '24 Jun '24 $36,650
  • May '24 May '24 $37,500
  • April '24 Apr '24 $33,450
  • March '24 Mar '24 $30,200
Number of Homes Sold i
284
(Feb 2025)
+3.3%
year-over-year
y-o-y
  • 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
  • June '24 Jun '24 285
  • May '24 May '24 378
  • April '24 Apr '24 322
  • March '24 Mar '24 335
Number of Purchase Loans i
234
(Feb 2025)
+2.6%
year-over-year
y-o-y
  • 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
  • June '24 Jun '24 242
  • May '24 May '24 301
  • April '24 Apr '24 269
  • March '24 Mar '24 275
Number of REFI Loans i
110
(Feb 2025)
+11.1%
year-over-year
y-o-y
  • 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
  • June '24 Jun '24 114
  • May '24 May '24 117
  • April '24 Apr '24 102
  • March '24 Mar '24 111
Number of HELOC Loans i
42
(Feb 2025)
-16%
year-over-year
y-o-y
  • 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
  • June '24 Jun '24 55
  • May '24 May '24 40
  • April '24 Apr '24 51
  • March '24 Mar '24 92

Norfolk, VA Real Estate Market Overview

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

Norfolk, VA Foreclosure Activity

There were a total of 13 Norfolk, VA properties with a foreclosure filing in February 2025. Lenders started the foreclosure process on 13 Norfolk, VA properties and repossessed 4 Norfolk, VA properties through completed foreclosures (REOs) in February 2025.

Total Foreclosure Filings i
13
(Feb 2025)
-48%
year-over-year
y-o-y
  • 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
  • June '24 Jun '24 14
  • May '24 May '24 15
  • April '24 Apr '24 19
  • March '24 Mar '24 12
Foreclosure Starts i
13
(Feb 2025)
-48%
year-over-year
y-o-y
  • 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
  • June '24 Jun '24 14
  • May '24 May '24 15
  • April '24 Apr '24 19
  • March '24 Mar '24 12
Completed Foreclosures (REOs) i
4
(Feb 2025)
+300%
year-over-year
y-o-y
  • 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
  • June '24 Jun '24 1
  • May '24 May '24 3
  • April '24 Apr '24 4
  • March '24 Mar '24 1
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