Market Intelligence · VA / Norfolk

Norfolk, VA 23508 Housing Market

The typical home value in Norfolk's 23508 ZIP code is $385,772, down 0.2% over the past year. The median list price sits at $371,250, and homes are taking a median of 40 days to sell.

Updated June 2026Median value$386K

The median home value in Norfolk, VA 23508 is $386K as of June 2026, down 0.2% 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 23508 range

$355K to $417K

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

-0.2% over 12 months

Typical home value in 23508 over the last 12 months: $387K in Jun 2025 to $386K in Jun 2026 (-0.2%).

Jun 2025$387K

Jun 2026$386K

The numbers

What is the 23508 housing market like?

Typical home value

$386K

Down0.2%YoY

Median list price

$371K

Days on market

40

Up31.1%MoM

Homes for sale

58

Price cuts

25.9%

New listings

26

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

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The comparison

How do 23508 home prices compare?

  • 23508$385,772
  • 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 58 homes for sale in 23508, with 26 new listings added recently. The median list price is $371,250, and the median time on market is 40 days. The typical home value of $385,772 is down 0.2% over the past year, a small decline. About 25.9% of listings have had a price cut. For sellers, this points to a market where pricing carefully from the start matters more than expecting quick multiple offers.

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