How much is a home in 23503 worth?

The typical home value in 23503 is $316,488, up 1.6% over the past year as of 2026-08-01.

How long does it take to sell a home in 23503?

Homes in 23503 spend a median of 43 days on the market as of 2026-08-01. The median list price is $359,000.

Are sellers in 23503 cutting prices?

Yes. As of 2026-08-01, 28.8% of listings in 23503 had a price cut.

Market Intelligence · VA / Norfolk

Norfolk, VA 23503 Housing Market

The typical home in Norfolk's 23503 ZIP code is worth $316,488, up 1.6% over the past year as of 2026-08-01. The median list price is $359,000, and homes spend a median of 43 days on the market.

Updated August 2026Median value$316K

The median home value in Norfolk, VA 23503 is $316K as of August 2026, up 1.6% 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

$291K to $342K

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

Aug 2025$312K

Low $312KHigh $316K

Aug 2026$316K

The numbers

What is the 23503 housing market like?

As of August 2026

Typical home value

$316K

1.6%YoY

Median list price

$359K

5.5%MoM

Days on market

2.3%MoM

Homes for sale

109

0.9%MoM

Price cuts

28.8%

10.1%MoM

New listings

42.9%MoM

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

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The comparison

How do 23503 home prices compare?

23503$316,488
Norfolk$321,871
Virginia$330,987
United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Norfolk: 12 ZIPs; Virginia: 757 ZIPs; United States: 26,265 ZIPs).

Context

As of 2026-08-01, there were 109 homes for sale in 23503, with 60 new listings coming to market. The median list price was $359,000, and the median days on market was 43. Meanwhile, 28.8% of listings had taken a price cut. That is a notable share, even though typical home values, at $316,488, were still up 1.6% over the past year. For a seller, the takeaway is simple: buyers here have options, and pricing right from the start matters more than testing the market high.

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