Market Intelligence · VA / Norfolk

Norfolk, VA 23503 Housing Market

The typical home value in Norfolk's 23503 ZIP code is $319,789, up 1.3% over the past year. The median list price is $373,700, and homes are taking a median of 31 days on market.

Updated June 2026Median value$320K

The median home value in Norfolk, VA 23503 is $320K as of June 2026, up 1.3% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 23503 range

$294K to $345K

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

+1.3% over 12 months

Typical home value in 23503 over the last 12 months: $316K in Jun 2025 to $320K in Jun 2026 (+1.3%).

Jun 2025$316K

Jun 2026$320K

The numbers

What is the 23503 housing market like?

Typical home value

$320K

Up1.3%YoY

Median list price

$374K

Days on market

31

Up29.2%MoM

Homes for sale

108

Price cuts

28.1%

New listings

54

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 23503 home prices compare?

  • 23503$319,789
  • Norfolk$324,302
  • Virginia$335,462
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Norfolk: 12 ZIPs; Virginia: 757 ZIPs; United States: 26,270 ZIPs).

Context

As of June 2026, there are 108 homes for sale in 23503, with 54 new listings added. The median list price sits at $373,700, while the typical home value is $319,789, up 1.3% over the past year. Homes are spending a median of 31 days on market, and 28.1% of listings have had a price cut. For sellers, this points to steady demand paired with a meaningful share of buyers negotiating on price, so realistic pricing matters.

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