Market Intelligence · VA / Norfolk

Norfolk, VA 23504 Housing Market

The typical home value in Norfolk's 23504 ZIP code is $272,608, up 0.8% over the past year. The median list price sits at $324,250, and homes are taking a median of 32 days on market as of June 1, 2026.

Updated June 2026Median value$273K

The median home value in Norfolk, VA 23504 is $273K as of June 2026, up 0.8% 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 23504 range

$251K to $294K

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

+0.8% over 12 months

Typical home value in 23504 over the last 12 months: $270K in Jun 2025 to $273K in Jun 2026 (+0.8%).

Jun 2025$270K

Jun 2026$273K

The numbers

What is the 23504 housing market like?

Typical home value

$273K

Up0.8%YoY

Median list price

$324K

Days on market

32

Down22.0%MoM

Homes for sale

60

Price cuts

24.3%

New listings

40

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

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The comparison

How do 23504 home prices compare?

  • 23504$272,608
  • 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 1, 2026, there were 60 homes for sale in 23504, with 40 new listings coming onto the market. The median list price was $324,250, while the typical home value was $272,608, up 0.8% over the past year. Homes spent a median of 32 days on market, and 24.3% of listings had a price cut. For sellers, this points to a market where pricing carefully matters, since a notable share of homes are seeing reductions.

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