Better Homes & Gardens Real Estate
Norfolk City, VA
Single-Family Homes
SeeVirginiaBeachVaHomes.com Admin@Yourfriendlyagent.net 757-654-5059
Norfolk City, VA
Thu Jul 31 2025
This week the median list price for Norfolk City, VA is $350,000 with the market action index hovering around 48. This is less than last month's market action index of 50. Inventory has increased to 355.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Real-Time Market Profile
| Median List Price | $350,000 | |
| Median Price of New Listings | $340,000 | |
| Per Square Foot | $209 | |
| Average Days on Market | 66 | |
| Median Days on Market | 42 | |
| Price Decreased | 39% | |
| Price Increased | 1% | |
| Relisted | 18% | |
| Inventory | 355 | |
| Median Rent | ||
| Market Action | 48 | |
| Strong Seller's Market | ||
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Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $624,900 | 2,770 | 4,500 - 6,500 sqft | 4 | 3 | 73 | 9 | 10 | 42 |
| $389,900 | 2,076 | - | 4 | 2.5 | 71 | 12 | 14 | 28 |
| $320,000 | 1,508 | - | 3 | 2 | 76 | 19 | 17 | 35 |
| $250,000 | 1,130 | 0 - 4,500 sqft | 3 | 1.5 | 81 | 7 | 22 | 42 |