Norfolk, VA 23508 Real Estate & Property Data

Norfolk, VA 23508 Real Estate Market Trends
Last Updated: August 30, 2025

A total of 348 residential properties have been sold over the past 12 months in 23508. With a median sales price of $408,000 in 23508 and a total of 1 foreclosures in Norfolk, VA 23508. Discover market trends and get the granular level real estate data for Norfolk, VA 23508 to keep your pulse on the housing market. Curate compelling home reports for Norfolk, VA 23508 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Norfolk, VA 23508 Real Estate Market Trends
Total Residential Properties 4,985
Total Commercial Properties 227
Avg. Home Age (Single Family Home) 80 Years
Avg. Square Feet (Single Family Home) 1,995
Total 2025 Residential Sales (year-to-date) 157
% of Homes Seriously Underwater (Q3 2025) 1.24%
Total 2024 Residential Sales 290
% of Equity Rich Homes (Q3 2025) 29.7%
Effective 2024 Property Tax 1.11%
Total Foreclosure Filings (year-to-date) 8
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Norfolk, VA 23508 Real Estate Overview

There were 348 residential properties sold in the past year in Norfolk, VA 23508. The median home value in Norfolk, VA 23508 is $396,775. There are a total of 4,985 residential properties in the 23508.

Median Sales Price i
$408,000
(Jun 2025)
+0.7%
year-over-year
y-o-y
  • June '25 Jun '25 $408,000
  • May '25 May '25 $402,500
  • April '25 Apr '25 $388,500
  • March '25 Mar '25 $370,200
  • February '25 Feb '25 $430,000
  • January '25 Jan '25 $357,500
  • December '24 Dec '24 $434,000
  • November '24 Nov '24 $394,250
  • October '24 Oct '24 $462,500
  • September '24 Sep '24 $332,500
  • August '24 Aug '24 $475,000
  • July '24 Jul '24 $367,500
Median Down Payment i
$63,120
(Jun 2025)
+1%
year-over-year
y-o-y
  • June '25 Jun '25 $63,120
  • May '25 May '25 $91,000
  • April '25 Apr '25 $46,733
  • March '25 Mar '25 $38,314
  • February '25 Feb '25 $40,352
  • January '25 Jan '25 $31,900
  • December '24 Dec '24 $185,406
  • November '24 Nov '24 $69,920
  • October '24 Oct '24 $200,000
  • September '24 Sep '24 $99,600
  • August '24 Aug '24 $57,250
  • July '24 Jul '24 $70,625
Number of Homes Sold i
37
(Jun 2025)
+42.3%
year-over-year
y-o-y
  • June '25 Jun '25 37
  • May '25 May '25 21
  • April '25 Apr '25 30
  • March '25 Mar '25 22
  • February '25 Feb '25 26
  • January '25 Jan '25 21
  • December '24 Dec '24 24
  • November '24 Nov '24 22
  • October '24 Oct '24 19
  • September '24 Sep '24 38
  • August '24 Aug '24 27
  • July '24 Jul '24 35
Number of Purchase Loans i
26
(Jun 2025)
+23.8%
year-over-year
y-o-y
  • June '25 Jun '25 26
  • May '25 May '25 18
  • April '25 Apr '25 26
  • March '25 Mar '25 20
  • February '25 Feb '25 22
  • January '25 Jan '25 18
  • December '24 Dec '24 14
  • November '24 Nov '24 20
  • October '24 Oct '24 12
  • September '24 Sep '24 31
  • August '24 Aug '24 26
  • July '24 Jul '24 30
Number of REFI Loans i
7
(Jun 2025)
-12.5%
year-over-year
y-o-y
  • June '25 Jun '25 7
  • May '25 May '25 12
  • April '25 Apr '25 18
  • March '25 Mar '25 6
  • February '25 Feb '25 2
  • January '25 Jan '25 8
  • December '24 Dec '24 10
  • November '24 Nov '24 5
  • October '24 Oct '24 9
  • September '24 Sep '24 9
  • August '24 Aug '24 6
  • July '24 Jul '24 5
Number of HELOC Loans i
4
(Jun 2025)
-20%
year-over-year
y-o-y
  • June '25 Jun '25 4
  • May '25 May '25 7
  • April '25 Apr '25 4
  • March '25 Mar '25 4
  • February '25 Feb '25 9
  • January '25 Jan '25 4
  • December '24 Dec '24 5
  • November '24 Nov '24 8
  • October '24 Oct '24 7
  • September '24 Sep '24 5
  • August '24 Aug '24 7
  • July '24 Jul '24 6

Norfolk, VA 23508 Foreclosure Activity

There were a total of 1 Norfolk, VA 23508 properties with a foreclosure filing in June 2025. Lenders started the foreclosure process on 1 Norfolk, VA 23508 properties and repossessed 1 Norfolk, VA 23508 properties through completed foreclosures (REOs) in June 2025.

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