• Andy Hubba
    757-515-3028

    Norfolk Market Report

    $259,422

    AVERAGE PRICE OF 1,841 HOMES

    $134,100

    AVERAGE PRICE OF 227 DISTRESSED HOMES

    $2,133,051

    AVERAGE PRICE OF 26 MULTI-MILLION DOLLAR HOMES

    $327,145

    AVERAGE PRICE OF 208 NEWLY BUILT HOMES

    $445,080

    AVERAGE PRICE OF 140 HOMES WITH A POOL

    $238,455

    AVERAGE PRICE OF 546 REDUCED PRICE HOMES

    Average Home

    Average Price $259,422
    Avg Bedrooms 3 beds
    Avg Bathrooms 1.5 baths

    Average Price by Bedrooms

    1 bedroom $169,971
    2 bedrooms $175,527
    3 bedrooms $230,703
    4 bedrooms $306,753
    5 bedrooms $432,608
    Norfolk Home Price Trends
      3/2017 2/2017 1/2017 12/2016 11/2016
    Total Listings 1,766 1,720 1,649 1,398 1,361
    Average Price $248,807 $233,237 $232,024 $232,092 $204,020
    Avg Price Change +6.68% +0.52% -0.03% +13.76% -27.74%
    Median Price $216,930 $201,741 $199,330 $200,528 $177,038
    Med Price Change +7.53% +1.21% -0.60% +13.27% -14.41%
    Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 2.52 beds
    Avg Bathrooms 1.49 baths 1.48 baths 1.48 baths 1.48 baths 1.23 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Market
    Bt Washington 247 $182,277 n/a
    Granby 377 $280,827 n/a
    Lake Taylor 357 $313,424 n/a
    Maury 501 $326,458 n/a
    Norview 323 $211,508 n/a
    Home Price by House Size
    Total Homes Average Price Avg Days on Market
    All Homes 1,841 $259,422 117 days
    Distressed Homes 227 $134,100 n/a
    Multi-Million Dollar Homes 26 $2,133,051 n/a
    Newly Built Homes 208 $327,145 n/a
    Homes with a Pool 140 $445,080 n/a
    Reduced Price Homes 546 $238,455 n/a