Market Intelligence · VA / Norfolk

Norfolk, VA 23502 Housing Market

The typical home value in Norfolk 23502 is $311,254, up 1.6% over the past year. The median list price sits at $332,500, with homes spending a median of 38 days on market as of September 2026.

Updated September 2026Median value$311K

The median home value in Norfolk, VA 23502 is $311K as of September 2026, up 1.6% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 23502 range

$286K to $336K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+1.6% over 12 months

Sep 2025$306K

Low $306KHigh $311K

Sep 2026$311K

The numbers

What is the 23502 housing market like?

As of September 2026

Typical home value

$311K

1.6%YoY

Median list price

$333K

4.7%MoM

Days on market

31.0%MoM

Homes for sale

7.8%MoM

Price cuts

26.4%

10.3%MoM

New listings

27.8%MoM

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

The outlook

23502 housing market forecast 2027

+2.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23502 to rise 2.0% by September 2027.

Over the 12 months through September 2026, typical home values in 23502 rose 1.6%, per the Zillow Home Value Index.

Will home prices drop in 23502?

Zillow's forecast does not call for a drop: it expects typical home values in 23502 to rise 2.0% by September 2027, after a 1.6% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 23502 home prices compare?

23502$311,254
Norfolk$318,192
Virginia$328,255
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Norfolk: 12 ZIPs; Virginia: 757 ZIPs; United States: 26,262 ZIPs).

Context

Norfolk 23502 has 47 homes for sale, including 26 new listings as of September 2026. The median days on market of 38 suggests steady buyer interest, though price cuts appear on 26.4% of listings. This mix of signals points to a market where sellers retain some advantage but should price carefully and be ready to negotiate.

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Common questions

What people ask us.

What is the typical home value in Norfolk 23502?

The typical home value is $311,254 as of September 2026, representing a 1.6% increase over the past year.

How long do homes stay on the market in this ZIP?

The median days on market is 38 as of September 2026.

How many homes are currently for sale in 23502?

There are 47 homes for sale as of September 2026, with 26 new listings during that period.

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