Norfolk, VA 23502 Real Estate & Property Data

Norfolk, VA 23502 Real Estate Market Trends
Last Updated: August 30, 2025

A total of 346 residential properties have been sold over the past 12 months in 23502. With a median sales price of $314,112 in 23502. Discover market trends and get the granular level real estate data for Norfolk, VA 23502 to keep your pulse on the housing market. Curate compelling home reports for Norfolk, VA 23502 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Norfolk, VA 23502 Real Estate Market Trends
Total Residential Properties 5,810
Total Commercial Properties 650
Avg. Home Age (Single Family Home) 62 Years
Avg. Square Feet (Single Family Home) 1,675
Total 2025 Residential Sales (year-to-date) 162
% of Homes Seriously Underwater (Q3 2025) 1.22%
Total 2024 Residential Sales 318
% of Equity Rich Homes (Q3 2025) 33.73%
Effective 2024 Property Tax 1.09%
Total Foreclosure Filings (year-to-date) 11
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Norfolk, VA 23502 Real Estate Overview

There were 346 residential properties sold in the past year in Norfolk, VA 23502. The median home value in Norfolk, VA 23502 is $305,139. There are a total of 5,810 residential properties in the 23502.

Median Sales Price i
$314,112
(Jun 2025)
+6.3%
year-over-year
y-o-y
  • June '25 Jun '25 $314,112
  • May '25 May '25 $310,000
  • April '25 Apr '25 $341,500
  • March '25 Mar '25 $328,000
  • February '25 Feb '25 $291,000
  • January '25 Jan '25 $315,485
  • December '24 Dec '24 $285,000
  • November '24 Nov '24 $307,500
  • October '24 Oct '24 $320,000
  • September '24 Sep '24 $307,500
  • August '24 Aug '24 $294,000
  • July '24 Jul '24 $334,000
Median Down Payment i
$17,750
(Jun 2025)
+184%
year-over-year
y-o-y
  • June '25 Jun '25 $17,750
  • May '25 May '25 $15,000
  • April '25 Apr '25 $9,000
  • March '25 Mar '25 $18,000
  • February '25 Feb '25 $27,789
  • January '25 Jan '25 $34,250
  • December '24 Dec '24 $17,747
  • November '24 Nov '24 $26,441
  • October '24 Oct '24 $10,000
  • September '24 Sep '24 $6,973
  • August '24 Aug '24 $39,281
  • July '24 Jul '24 $73,000
Number of Homes Sold i
36
(Jun 2025)
+71.4%
year-over-year
y-o-y
  • June '25 Jun '25 36
  • May '25 May '25 33
  • April '25 Apr '25 27
  • March '25 Mar '25 26
  • February '25 Feb '25 24
  • January '25 Jan '25 16
  • December '24 Dec '24 32
  • November '24 Nov '24 22
  • October '24 Oct '24 28
  • September '24 Sep '24 20
  • August '24 Aug '24 30
  • July '24 Jul '24 31
Number of Purchase Loans i
30
(Jun 2025)
+76.5%
year-over-year
y-o-y
  • June '25 Jun '25 30
  • May '25 May '25 27
  • April '25 Apr '25 22
  • March '25 Mar '25 24
  • February '25 Feb '25 23
  • January '25 Jan '25 16
  • December '24 Dec '24 27
  • November '24 Nov '24 19
  • October '24 Oct '24 24
  • September '24 Sep '24 14
  • August '24 Aug '24 25
  • July '24 Jul '24 29
Number of REFI Loans i
16
(Jun 2025)
+60%
year-over-year
y-o-y
  • June '25 Jun '25 16
  • May '25 May '25 17
  • April '25 Apr '25 30
  • March '25 Mar '25 10
  • February '25 Feb '25 11
  • January '25 Jan '25 20
  • December '24 Dec '24 18
  • November '24 Nov '24 17
  • October '24 Oct '24 25
  • September '24 Sep '24 13
  • August '24 Aug '24 23
  • July '24 Jul '24 16
Number of HELOC Loans i
6
(Jun 2025)
year-over-year
y-o-y
  • June '25 Jun '25 6
  • May '25 May '25 8
  • April '25 Apr '25 6
  • March '25 Mar '25 9
  • February '25 Feb '25 4
  • January '25 Jan '25 6
  • December '24 Dec '24 4
  • November '24 Nov '24 5
  • October '24 Oct '24 6
  • September '24 Sep '24 4
  • August '24 Aug '24 9
  • July '24 Jul '24 4

Norfolk, VA 23502 Foreclosure Activity

Total Foreclosure Filings i
  • June '25 Jun '25 N/A
  • May '25 May '25 N/A
  • April '25 Apr '25 5
  • March '25 Mar '25 3
  • February '25 Feb '25 3
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 1
  • October '24 Oct '24 1
  • September '24 Sep '24 2
  • August '24 Aug '24 1
  • July '24 Jul '24 N/A
Foreclosure Starts i
  • June '25 Jun '25 N/A
  • May '25 May '25 N/A
  • April '25 Apr '25 5
  • March '25 Mar '25 3
  • February '25 Feb '25 3
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 1
  • October '24 Oct '24 1
  • September '24 Sep '24 2
  • August '24 Aug '24 1
  • July '24 Jul '24 N/A
Completed Foreclosures (REOs) i
1
(Jun 2025)
  • June '25 Jun '25 1
  • May '25 May '25 N/A
  • April '25 Apr '25 1
  • March '25 Mar '25 N/A
  • February '25 Feb '25 N/A
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 N/A
  • October '24 Oct '24 N/A
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
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