Norfolk, VA 23523 Real Estate & Property Data

Norfolk, VA 23523 Real Estate Market Trends
Last Updated: August 30, 2025

A total of 105 residential properties have been sold over the past 12 months in 23523. With a median sales price of $280,000 in 23523 and a total of 1 foreclosures in Norfolk, VA 23523. Discover market trends and get the granular level real estate data for Norfolk, VA 23523 to keep your pulse on the housing market. Curate compelling home reports for Norfolk, VA 23523 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Norfolk, VA 23523 Real Estate Market Trends
Total Residential Properties 1,658
Total Commercial Properties 157
Avg. Home Age (Single Family Home) 61 Years
Avg. Square Feet (Single Family Home) 1,566
Total 2025 Residential Sales (year-to-date) 47
% of Homes Seriously Underwater (Q3 2025) 2.01%
Total 2024 Residential Sales 103
% of Equity Rich Homes (Q3 2025) 28.59%
Effective 2024 Property Tax 1.13%
Total Foreclosure Filings (year-to-date) 10
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Norfolk, VA 23523 Real Estate Overview

There were 105 residential properties sold in the past year in Norfolk, VA 23523. The median home value in Norfolk, VA 23523 is $255,043. There are a total of 1,658 residential properties in the 23523.

Median Sales Price i
$280,000
(Jun 2025)
+1.8%
year-over-year
y-o-y
  • June '25 Jun '25 $280,000
  • May '25 May '25 $305,000
  • April '25 Apr '25 $263,000
  • March '25 Mar '25 $212,500
  • February '25 Feb '25 $175,000
  • January '25 Jan '25 $137,900
  • December '24 Dec '24 $206,325
  • November '24 Nov '24 $217,000
  • October '24 Oct '24 $251,000
  • September '24 Sep '24 $246,950
  • August '24 Aug '24 $249,999
  • July '24 Jul '24 $315,000
Median Down Payment i
  • June '25 Jun '25 N/A
  • May '25 May '25 $10,510
  • April '25 Apr '25 $50,000
  • March '25 Mar '25 $27,672
  • February '25 Feb '25 $46,000
  • January '25 Jan '25 $4,981
  • December '24 Dec '24 N/A
  • November '24 Nov '24 $5,750
  • October '24 Oct '24 $6,159
  • September '24 Sep '24 $30,126
  • August '24 Aug '24 $22,786
  • July '24 Jul '24 $8,850
Number of Homes Sold i
7
(Jun 2025)
+16.7%
year-over-year
y-o-y
  • June '25 Jun '25 7
  • May '25 May '25 13
  • April '25 Apr '25 7
  • March '25 Mar '25 9
  • February '25 Feb '25 5
  • January '25 Jan '25 6
  • December '24 Dec '24 3
  • November '24 Nov '24 11
  • October '24 Oct '24 10
  • September '24 Sep '24 14
  • August '24 Aug '24 7
  • July '24 Jul '24 7
Number of Purchase Loans i
5
(Jun 2025)
-28.6%
year-over-year
y-o-y
  • June '25 Jun '25 5
  • May '25 May '25 7
  • April '25 Apr '25 4
  • March '25 Mar '25 10
  • February '25 Feb '25 3
  • January '25 Jan '25 5
  • December '24 Dec '24 3
  • November '24 Nov '24 8
  • October '24 Oct '24 10
  • September '24 Sep '24 15
  • August '24 Aug '24 6
  • July '24 Jul '24 8
Number of REFI Loans i
5
(Jun 2025)
year-over-year
y-o-y
  • June '25 Jun '25 5
  • May '25 May '25 5
  • April '25 Apr '25 10
  • March '25 Mar '25 9
  • February '25 Feb '25 7
  • January '25 Jan '25 5
  • December '24 Dec '24 3
  • November '24 Nov '24 8
  • October '24 Oct '24 8
  • September '24 Sep '24 3
  • August '24 Aug '24 5
  • July '24 Jul '24 5
Number of HELOC Loans i
2
(Jun 2025)
+100%
year-over-year
y-o-y
  • June '25 Jun '25 2
  • May '25 May '25 N/A
  • April '25 Apr '25 3
  • March '25 Mar '25 3
  • February '25 Feb '25 2
  • January '25 Jan '25 3
  • December '24 Dec '24 2
  • November '24 Nov '24 1
  • October '24 Oct '24 3
  • September '24 Sep '24 1
  • August '24 Aug '24 2
  • July '24 Jul '24 3

Norfolk, VA 23523 Foreclosure Activity

There were a total of 1 Norfolk, VA 23523 properties with a foreclosure filing in June 2025.

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