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Norfolk, VA 23504 Real Estate & Property Data

Norfolk, VA 23504 Real Estate Market Trends

Last Updated: August 30, 2025

A total of 313 residential properties have been sold over the past 12 months in 23504. With a median sales price of $302,500 in 23504 and a total of 3 foreclosures in Norfolk, VA 23504. Discover market trends and get the granular level real estate data for Norfolk, VA 23504 to keep your pulse on the housing market. Curate compelling home reports for Norfolk, VA 23504 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

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Total Residential Properties 4,891

Total Commercial Properties 318

Avg. Home Age (Single Family Home) 58 Years

Avg. Square Feet (Single Family Home) 1,650

Total 2025 Residential Sales (year-to-date) 140

% of Homes Seriously Underwater (Q3 2025) 1.23%

Total 2024 Residential Sales 302

% of Equity Rich Homes (Q3 2025) 30.04%

Effective 2024 Property Tax 1.06%

Total Foreclosure Filings (year-to-date) 20

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Norfolk, VA 23504 Real Estate Overview

There were 313 residential properties sold in the past year in Norfolk, VA 23504. The median home value in Norfolk, VA 23504 is $280,383. There are a total of 4,891 residential properties in the 23504.

Median Sales Price i

$302,500

(Jun 2025)

+2%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 $302,500
May '25 May '25 $280,000
April '25 Apr '25 $286,750
March '25 Mar '25 $294,950
February '25 Feb '25 $254,500
January '25 Jan '25 $242,000
December '24 Dec '24 $315,000
November '24 Nov '24 $310,000
October '24 Oct '24 $290,250
September '24 Sep '24 $252,000
August '24 Aug '24 $255,000
July '24 Jul '24 $275,000

Median Down Payment i

$25,617

(Jun 2025)

-72.2%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 $25,617
May '25 May '25 $13,943
April '25 Apr '25 $52,792
March '25 Mar '25 $59,980
February '25 Feb '25 $9,282
January '25 Jan '25 $8,870
December '24 Dec '24 $8,040
November '24 Nov '24 $30,397
October '24 Oct '24 $60,000
September '24 Sep '24 $9,900
August '24 Aug '24 $6,114
July '24 Jul '24 $14,282

Number of Homes Sold i

(Jun 2025)

+33.3%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 24
May '25 May '25 33
April '25 Apr '25 19
March '25 Mar '25 14
February '25 Feb '25 35
January '25 Jan '25 15
December '24 Dec '24 17
November '24 Nov '24 22
October '24 Oct '24 35
September '24 Sep '24 17
August '24 Aug '24 36
July '24 Jul '24 28

Number of Purchase Loans i

(Jun 2025)

+53.3%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 23
May '25 May '25 25
April '25 Apr '25 17
March '25 Mar '25 11
February '25 Feb '25 25
January '25 Jan '25 14
December '24 Dec '24 18
November '24 Nov '24 20
October '24 Oct '24 26
September '24 Sep '24 13
August '24 Aug '24 25
July '24 Jul '24 25

Number of REFI Loans i

(Jun 2025)

+63.6%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 18
May '25 May '25 9
April '25 Apr '25 18
March '25 Mar '25 11
February '25 Feb '25 17
January '25 Jan '25 15
December '24 Dec '24 14
November '24 Nov '24 17
October '24 Oct '24 26
September '24 Sep '24 19
August '24 Aug '24 16
July '24 Jul '24 11

Number of HELOC Loans i

(Jun 2025)

+150%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 5
May '25 May '25 8
April '25 Apr '25 2
March '25 Mar '25 3
February '25 Feb '25 3
January '25 Jan '25 1
December '24 Dec '24 3
November '24 Nov '24 4
October '24 Oct '24 4
September '24 Sep '24 3
August '24 Aug '24 5
July '24 Jul '24 8

Norfolk, VA 23504 Real Estate Market Overview

Last 30 days

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Norfolk, VA 23504 Foreclosure Activity

There were a total of 3 Norfolk, VA 23504 properties with a foreclosure filing in June 2025. Lenders started the foreclosure process on 3 Norfolk, VA 23504 properties and repossessed 2 Norfolk, VA 23504 properties through completed foreclosures (REOs) in June 2025.

Total Foreclosure Filings i

(Jun 2025)

year-over-year

y-o-y

List Graph

1 year 3 years

5 years