Market Intelligence · VA / Norfolk

Norfolk, VA 23507 Housing Market

The typical home in Norfolk's 23507 ZIP code is valued at $489,259, up 0.9% over the past year. The median list price sits at $420,950, and homes are taking a median of 58 days on market.

Updated June 2026Median value$489K

The median home value in Norfolk, VA 23507 is $489K as of June 2026, up 0.9% 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 23507 range

$450K to $528K

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

+0.9% over 12 months

Typical home value in 23507 over the last 12 months: $485K in Jun 2025 to $489K in Jun 2026 (+0.9%).

Jun 2025$485K

Jun 2026$489K

The numbers

What is the 23507 housing market like?

Typical home value

$489K

Up0.9%YoY

Median list price

$421K

Days on market

58

Up110.9%MoM

Homes for sale

27

Price cuts

10.6%

New listings

6

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

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The comparison

How do 23507 home prices compare?

  • 23507$489,259
  • 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 are 27 homes for sale in 23507, with 6 new listings added recently. The median list price is $420,950, while the typical home value is $489,259. Homes here take a median of 58 days to sell, and 10.6% of listings have had a price cut. For a seller, this points to a market that rewards realistic pricing and some patience.

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