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Market Intelligence · VA / Norfolk city

Norfolk, VA home prices and housing market

12 ZIP markets liveData updated September 2026Typical value$318K1-yr changeUp1.0%

The typical home value in Norfolk, VA is $318K as of September 2026, up 1.0% from a year ago, based on the Zillow Home Value Index. In the typical Norfolk ZIP code, the median list price is $332K and homes spend a median of 43 days on market as of September 2026 (Realtor.com).

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The coverage

Norfolk, by the numbers.

Typical home valueZillow ZHVI, September 2026
$318K
1-yr changeMedian across Norfolk ZIPs
+1.0%
ZIP markets live19 tracked in Norfolk
12
County
Norfolk city

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12-month value trend

+1.0% over 12 months

Typical home value in Norfolk over the last 12 months: $315K in Sep 2025 to $318K in Sep 2026 (+1.0%).

Sep 2025$315K

Sep 2026$318K

Median Zillow home value index across Norfolk's ZIP codes.

Context

Norfolk's housing market is showing modest growth. The typical home value stands at $318,192, up 1.0% over the past year as of September 2026. There are 631 homes currently for sale, with a median list price of $331,875. Homes spend a median of 43 days on the market, and 292 new listings entered the market during the period. About 21.6% of listings have seen a price cut. The combination of steady inventory and price adjustments suggests a market where sellers should be prepared to compete and price strategically.

The numbers

What is the housing market like in Norfolk, VA?

Typical home value

$318K

Up1.0%YoY

Median list price

$332K

Days on market

43

Homes for sale

631

Price cuts

21.6%

New listings

292

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Norfolk's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Norfolk, VA home prices over time

Typical home values in Norfolk, VA are up 1.0% over the past year, from $315K in September 2025 to $318K in September 2026.

Typical home value in Norfolk, VA, September of each year
MonthTypical value1-yr change
September 2026$318,192+1.0%
September 2025$315,148No prior year

Typical value is the median Zillow Home Value Index across Norfolk ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Norfolk, VA a buyer's or seller's market?

Norfolk, VA is roughly balanced between buyers and sellers.

These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction.

Based on a median of 43 days on market and 22% of listings with a price cut in the typical Norfolk ZIP code, and 292 new listings against 631 active listings across Norfolk, as of September 2026 (Realtor.com).

The outlook

Norfolk housing market forecast 2027

+1.9%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 12 Norfolk ZIP codes, points to typical home values rising 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in Norfolk rose 1.0%, per the Zillow Home Value Index.

Will home prices drop in Norfolk?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Norfolk shows typical home values rising 1.9% by September 2027, after a 1.0% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 12 Norfolk ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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The markets

Which Norfolk ZIP codes have the highest home values?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 19 Norfolk ZIP codes in total; the remaining 7 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Norfolk, VA home prices.

What is a typical home worth in Norfolk?

As of September 2026, the typical home value in Norfolk is $318,192, which is up 1.0% over the past year.

How long do homes take to sell in Norfolk?

The median time on market in Norfolk is 43 days as of September 2026.

How many homes are for sale in Norfolk right now?

There are 631 homes for sale in Norfolk as of September 2026, with 292 new listings added during that period.

Are home prices going up or down in Norfolk, VA?

Typical home values in Norfolk, VA are up 1.0% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Norfolk, VA a buyer's or seller's market?

Norfolk, VA is roughly balanced between buyers and sellers. These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction. Based on a median of 43 days on market and 22% of listings with a price cut in the typical Norfolk ZIP code, and 292 new listings against 631 active listings across Norfolk, as of September 2026 (Realtor.com).

Nearby markets

More Virginia housing markets.

The market is moving

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