Norfolk, VA 23505 Real Estate & Property Data

Norfolk, VA 23505 Real Estate Market Trends
Last Updated: August 30, 2025

A total of 386 residential properties have been sold over the past 12 months in 23505. With a median sales price of $348,250 in 23505 and a total of 4 foreclosures in Norfolk, VA 23505. Discover market trends and get the granular level real estate data for Norfolk, VA 23505 to keep your pulse on the housing market. Curate compelling home reports for Norfolk, VA 23505 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Norfolk, VA 23505 Real Estate Market Trends
Total Residential Properties 5,850
Total Commercial Properties 217
Avg. Home Age (Single Family Home) 72 Years
Avg. Square Feet (Single Family Home) 1,832
Total 2025 Residential Sales (year-to-date) 183
% of Homes Seriously Underwater (Q3 2025) 1.04%
Total 2024 Residential Sales 361
% of Equity Rich Homes (Q3 2025) 32.78%
Effective 2024 Property Tax 1.1%
Total Foreclosure Filings (year-to-date) 15
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Norfolk, VA 23505 Real Estate Overview

There were 386 residential properties sold in the past year in Norfolk, VA 23505. The median home value in Norfolk, VA 23505 is $327,216. There are a total of 5,850 residential properties in the 23505.

Median Sales Price i
$348,250
(Jun 2025)
+10.6%
year-over-year
y-o-y
  • June '25 Jun '25 $348,250
  • May '25 May '25 $308,950
  • April '25 Apr '25 $275,000
  • March '25 Mar '25 $352,500
  • February '25 Feb '25 $342,000
  • January '25 Jan '25 $342,000
  • December '24 Dec '24 $315,000
  • November '24 Nov '24 $312,500
  • October '24 Oct '24 $259,900
  • September '24 Sep '24 $325,000
  • August '24 Aug '24 $369,900
  • July '24 Jul '24 $356,000
Median Down Payment i
$60,600
(Jun 2025)
+267.6%
year-over-year
y-o-y
  • June '25 Jun '25 $60,600
  • May '25 May '25 $49,752
  • April '25 Apr '25 $10,000
  • March '25 Mar '25 $58,000
  • February '25 Feb '25 $58,487
  • January '25 Jan '25 $52,500
  • December '24 Dec '24 $40,292
  • November '24 Nov '24 $26,809
  • October '24 Oct '24 $10,916
  • September '24 Sep '24 $15,194
  • August '24 Aug '24 $56,206
  • July '24 Jul '24 $41,200
Number of Homes Sold i
29
(Jun 2025)
-3.3%
year-over-year
y-o-y
  • June '25 Jun '25 29
  • May '25 May '25 38
  • April '25 Apr '25 31
  • March '25 Mar '25 26
  • February '25 Feb '25 34
  • January '25 Jan '25 25
  • December '24 Dec '24 26
  • November '24 Nov '24 27
  • October '24 Oct '24 21
  • September '24 Sep '24 32
  • August '24 Aug '24 39
  • July '24 Jul '24 28
Number of Purchase Loans i
22
(Jun 2025)
-18.5%
year-over-year
y-o-y
  • June '25 Jun '25 22
  • May '25 May '25 32
  • April '25 Apr '25 27
  • March '25 Mar '25 20
  • February '25 Feb '25 26
  • January '25 Jan '25 21
  • December '24 Dec '24 22
  • November '24 Nov '24 19
  • October '24 Oct '24 20
  • September '24 Sep '24 25
  • August '24 Aug '24 35
  • July '24 Jul '24 20
Number of REFI Loans i
12
(Jun 2025)
+300%
year-over-year
y-o-y
  • June '25 Jun '25 12
  • May '25 May '25 15
  • April '25 Apr '25 12
  • March '25 Mar '25 14
  • February '25 Feb '25 8
  • January '25 Jan '25 24
  • December '24 Dec '24 14
  • November '24 Nov '24 16
  • October '24 Oct '24 17
  • September '24 Sep '24 15
  • August '24 Aug '24 11
  • July '24 Jul '24 6
Number of HELOC Loans i
9
(Jun 2025)
+80%
year-over-year
y-o-y
  • June '25 Jun '25 9
  • May '25 May '25 6
  • April '25 Apr '25 9
  • March '25 Mar '25 9
  • February '25 Feb '25 2
  • January '25 Jan '25 5
  • December '24 Dec '24 3
  • November '24 Nov '24 4
  • October '24 Oct '24 6
  • September '24 Sep '24 6
  • August '24 Aug '24 3
  • July '24 Jul '24 6

Norfolk, VA 23505 Foreclosure Activity

There were a total of 4 Norfolk, VA 23505 properties with a foreclosure filing in June 2025.

Total Foreclosure Filings i
4
(Jun 2025)
  • June '25 Jun '25 4
  • May '25 May '25 2
  • April '25 Apr '25 3
  • March '25 Mar '25 2
  • February '25 Feb '25 2
  • January '25 Jan '25 2
  • December '24 Dec '24 N/A
  • November '24 Nov '24 N/A
  • October '24 Oct '24 N/A
  • September '24 Sep '24 2
  • August '24 Aug '24 1
  • July '24 Jul '24 3
Foreclosure Starts i
4
(Jun 2025)
  • June '25 Jun '25 4
  • May '25 May '25 2
  • April '25 Apr '25 3
  • March '25 Mar '25 2
  • February '25 Feb '25 2
  • January '25 Jan '25 2
  • December '24 Dec '24 N/A
  • November '24 Nov '24 N/A
  • October '24 Oct '24 N/A
  • September '24 Sep '24 2
  • August '24 Aug '24 1
  • July '24 Jul '24 3
Completed Foreclosures (REOs) i
  • June '25 Jun '25 N/A
  • May '25 May '25 N/A
  • April '25 Apr '25 N/A
  • March '25 Mar '25 1
  • February '25 Feb '25 N/A
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 2
  • October '24 Oct '24 1
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
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