Market Intelligence · VA / Norfolk

Norfolk, VA 23505 Housing Market

The typical home value in Norfolk's 23505 ZIP code is $333,249, up 1.7% over the past year. The median list price sits at $321,250, and homes are taking a median of 46 days on market.

Updated June 2026Median value$333K

The median home value in Norfolk, VA 23505 is $333K as of June 2026, up 1.7% 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 23505 range

$307K to $360K

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

+1.7% over 12 months

Typical home value in 23505 over the last 12 months: $328K in Jun 2025 to $333K in Jun 2026 (+1.7%).

Jun 2025$328K

Jun 2026$333K

The numbers

What is the 23505 housing market like?

Typical home value

$333K

Up1.7%YoY

Median list price

$321K

Days on market

46

Up76.9%MoM

Homes for sale

60

Price cuts

23.4%

New listings

26

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

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The comparison

How do 23505 home prices compare?

  • 23505$333,249
  • 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 were 60 homes for sale in 23505, with 26 new listings added. The median list price was $321,250, and the typical home value came in at $333,249, up 1.7% over the past year. Homes took a median of 46 days on market, and 23.4% of listings had a price cut. For sellers, this points to a steady but patient market where realistic pricing matters.

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