Photo: Bruce Emmerling · CC BY-SA 4.03,058 homes sold in Norfolk in the last year, at a typical $327K
About one sale in 6 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Norfolk homes are listed.
Every place Norfolk homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Norfolk.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
11% of Norfolk’s sales are condos, at $66K less than a house
2405 houses and 338 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 2405 sold in 12 months
- Per square foot
- $210VA $222
- Days to sell
- 30
- Sold over asking
- 40%
- Listings with a price cut
- 26%
typical sale · 338 sold in 12 months
- Per square foot
- $234VA $301
- Days to sell
- 71
- Sold over asking
- 16%
- Listings with a price cut
- 26%
Multi-family (2–4 units): 158 sold, typical $331K
Townhouses: 157 sold, typical $341K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.8 times the 2016 price
3,058 sales in the last year, against 4,819 in 2021 and a low of 2,559 in 2014. The typical sale went from $183K in 2016 to $327K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $350K buys in Norfolk
Check a listing against what Norfolk homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Norfolk are more common than before the pandemic, but 42% fewer homes come up for sale
We read every month of Norfolk’s home sales since 2014 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 3,058 sales.
If you’re buying in Norfolk
- Shop in March. It brings about 400 new listings a month, close to the busiest month, with fewer bidding wars (29% over asking).
- Some room to negotiate. 26% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 99.4% of the list price on average; 37% paid over.
- You’ll usually have time. Only 44% of homes go under contract within two weeks; the typical one takes 33 days.
Spring brings both the most homes and the most bidding wars
May has the most new listings (about 424 a month), and the most competition: 35% close over asking. March and April offer nearly as much choice with fewer homes bid up (29%). January has the least competition (25%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and hotter than Virginia
| Norfolk now | 2017–19 | 2021 peak | VA now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 37% | 18% | 47% | 31% |
| Gone within two weeksShare of homes under contract within 14 days | 44% | 15% | 62% | 43% |
| Listings with a price cutShare of homes for sale that cut their price | 26% | 23% | 19% | 25% |
| Price paid vs. askingAverage sale price ÷ list price | 99.4% | 98.2% | 100.5% | 99.3% |
| Days to sellMedian days from listing to contract | 33 | 57 | 23 | 38 |
630 homes for sale on a typical day
That’s 1.4 times the 2023 low (466), 42% fewer than in 2017–19 and well under 2014’s 1502.
1 in 4 listings has cut its price
26% in the last year, against 23% in 2017–19 and 25% across Virginia.
Since 2019, houses are up 54%, condos 31%
A house typically sold for $331K in the last year (2405 sales), a condo for $264K (338).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Norfolk ranks 75th of 179 busy Virginia markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Norfolk is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2014 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Norfolk home costs about $1,978 a month
Price: Norfolk’s typical sale, last 12 months. Property tax at Norfolk’s 1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Norfolk is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 214.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $327K home, about $3,260 a year.
Taxes vs. neighborsSchools
The schools grade for Norfolk, from test results, graduation and how much students grow.
Schools in NorfolkCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Portsmouth and Hampton sell for less a square foot
The busier markets within 25 miles of Norfolk, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Virginia Beach | 6,076 | $404K | $240 | 35% | 28 |
| Chesapeake | 3,769 | $416K | $217 | 36% | 34 |
| Norfolk | 3,058 | $327K | $210 | 37% | 33 |
| Hampton | 1,906 | $293K | $189 | 35% | 35 |
| Portsmouth | 1,712 | $276K | $182 | 38% | 36 |
| Carrollton | 302 | $442K | $213 | 38% | 84 |
| Poquoson | 220 | $512K | $208 | 35% | 66 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Norfolk, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Norfolk. People who follow the town see it, and so do people comparing Norfolk with their own town. No commission, no listing fee.
Questions about buying a home in Norfolk
What do homes sell for in Norfolk, VA?
3,058 homes sold in the year to May 2026 at a typical $327K, $210 a square foot. Houses sold for about $331K, condos for about $264K.
Is Norfolk a buyer’s or seller’s market?
A seller’s market: 655 homes were for sale in May 2026 and 287 sold, about 2.3 months of supply. Buyers paid 99.4% of asking on average, and 26% of listings cut their price.
When is the best time to buy in Norfolk?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Norfolk?
About 1% of a home’s value a year. On a $327K home that’s near $3,260.
Where can I see homes for sale in Norfolk?
Zillow, Redfin, Realtor.com and Homes.com all carry Norfolk’s MLS listings; the search links above open each one filtered to Norfolk.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).