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Norfolk, VA 23518 Real Estate & Property Data

Norfolk, VA 23518 Real Estate Market Trends

Last Updated: August 30, 2025

A total of 597 residential properties have been sold over the past 12 months in 23518. With a median sales price of $365,000 in 23518 and a total of 1 foreclosures in Norfolk, VA 23518. Discover market trends and get the granular level real estate data for Norfolk, VA 23518 to keep your pulse on the housing market. Curate compelling home reports for Norfolk, VA 23518 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 9,523

Total Commercial Properties 436

Avg. Home Age (Single Family Home) 59 Years

Avg. Square Feet (Single Family Home) 1,789

Total 2025 Residential Sales (year-to-date) 282

% of Homes Seriously Underwater (Q3 2025) 0.83%

Total 2024 Residential Sales 572

% of Equity Rich Homes (Q3 2025) 32.69%

Effective 2024 Property Tax 1.1%

Total Foreclosure Filings (year-to-date) 14

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Norfolk, VA 23518 Real Estate Overview

There were 597 residential properties sold in the past year in Norfolk, VA 23518. The median home value in Norfolk, VA 23518 is $331,480. There are a total of 9,523 residential properties in the 23518.

Median Sales Price i

$365,000

(Jun 2025)

+4.6%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 $365,000
May '25 May '25 $347,450
April '25 Apr '25 $347,250
March '25 Mar '25 $329,999
February '25 Feb '25 $317,449
January '25 Jan '25 $365,000
December '24 Dec '24 $360,000
November '24 Nov '24 $346,500
October '24 Oct '24 $330,000
September '24 Sep '24 $341,250
August '24 Aug '24 $322,000
July '24 Jul '24 $349,000

Median Down Payment i

$47,150

(Jun 2025)

-49.4%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 $47,150
May '25 May '25 $35,500
April '25 Apr '25 $70,000
March '25 Mar '25 $22,745
February '25 Feb '25 $15,372
January '25 Jan '25 $38,975
December '24 Dec '24 $71,000
November '24 Nov '24 $35,000
October '24 Oct '24 $33,165
September '24 Sep '24 $50,000
August '24 Aug '24 $37,700
July '24 Jul '24 $42,998

Number of Homes Sold i

(Jun 2025)

+20.8%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 58
May '25 May '25 48
April '25 Apr '25 57
March '25 Mar '25 54
February '25 Feb '25 37
January '25 Jan '25 28
December '24 Dec '24 43
November '24 Nov '24 35
October '24 Oct '24 42
September '24 Sep '24 47
August '24 Aug '24 41
July '24 Jul '24 59

Number of Purchase Loans i

(Jun 2025)

+16.7%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 49
May '25 May '25 40
April '25 Apr '25 50
March '25 Mar '25 48
February '25 Feb '25 32
January '25 Jan '25 24
December '24 Dec '24 32
November '24 Nov '24 32
October '24 Oct '24 34
September '24 Sep '24 43
August '24 Aug '24 33
July '24 Jul '24 47

Number of REFI Loans i

(Jun 2025)

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 19
May '25 May '25 16
April '25 Apr '25 31
March '25 Mar '25 23
February '25 Feb '25 16
January '25 Jan '25 16
December '24 Dec '24 27
November '24 Nov '24 28
October '24 Oct '24 35
September '24 Sep '24 17
August '24 Aug '24 19
July '24 Jul '24 13

Number of HELOC Loans i

(Jun 2025)

+54.5%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 17
May '25 May '25 10
April '25 Apr '25 11
March '25 Mar '25 5
February '25 Feb '25 5
January '25 Jan '25 7
December '24 Dec '24 5
November '24 Nov '24 8
October '24 Oct '24 14
September '24 Sep '24 14
August '24 Aug '24 6
July '24 Jul '24 12

Norfolk, VA 23518 Real Estate Market Overview

Last 30 days

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Norfolk, VA 23518 Foreclosure Activity

There were a total of 1 Norfolk, VA 23518 properties with a foreclosure filing in June 2025. Lenders started the foreclosure process on 1 Norfolk, VA 23518 properties and repossessed 1 Norfolk, VA 23518 properties through completed foreclosures (REOs) in June 2025.

Total Foreclosure Filings i

(Jun 2025)

-50%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years