Market Intelligence · VA / Norfolk

Norfolk, VA 23509 Housing Market

The typical home value in Norfolk 23509 is $283,362, up 2.8% over the past year. The median list price sits at $312,400, with homes spending a median of 48 days on the market as of September 2026.

Updated September 2026Median value$283K

The median home value in Norfolk, VA 23509 is $283K as of September 2026, up 2.8% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 23509 range

$261K to $306K

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

+2.8% over 12 months

Sep 2025$276K

Low $276KHigh $283K

Sep 2026$283K

The numbers

What is the 23509 housing market like?

As of September 2026

Typical home value

$283K

2.8%YoY

Median list price

$312K

2.2%MoM

Days on market

26.3%MoM

Homes for sale

9.5%MoM

Price cuts

47.3%

51.6%MoM

New listings

25.0%MoM

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

The outlook

23509 housing market forecast 2027

+1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23509 to rise 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 23509 rose 2.8%, per the Zillow Home Value Index.

Will home prices drop in 23509?

Zillow's forecast does not call for a drop: it expects typical home values in 23509 to rise 1.9% by September 2027, after a 2.8% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 23509 home prices compare?

23509$283,362
Norfolk$318,192
Virginia$328,255
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Norfolk: 12 ZIPs; Virginia: 757 ZIPs; United States: 26,262 ZIPs).

Context

Norfolk 23509 has 38 homes for sale, with 18 new listings added as of September 2026. Nearly half of all listings, 47.3%, have seen price cuts. The median time on market of 48 days suggests homes are moving at a moderate pace. Sellers in this ZIP should be prepared for negotiation and realistic pricing, as the market shows clear signs of softness despite the year-over-year value gain.

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Down payment20% · $56,672

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Common questions

What people ask us.

What is the typical home value in Norfolk 23509?

The typical home value is $283,362, up 2.8% over the past year as of September 2026.

How long do homes typically stay on the market?

Homes in this ZIP spend a median of 48 days on the market as of September 2026.

What share of listings have price cuts?

As of September 2026, 47.3% of listings in Norfolk 23509 have received price reductions.

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