Market Intelligence · VA / Norfolk

Norfolk, VA 23517 Housing Market

The typical home value in 23517 is $321,257, down 0.8% over the past year. The median list price stands at $294,700, with homes spending 51 days on the market as of September 2026.

Updated September 2026Median value$321K

The median home value in Norfolk, VA 23517 is $321K as of September 2026, down 0.8% 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 23517 range

$296K to $347K

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

Sep 2025$324K

Low $321KHigh $326K

Sep 2026$321K

The numbers

What is the 23517 housing market like?

As of September 2026

Typical home value

$321K

0.8%YoY

Median list price

$295K

6.3%MoM

Days on market

7.3%MoM

Homes for sale

13.3%MoM

Price cuts

18.2%

New listings

50.0%MoM

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

The outlook

23517 housing market forecast 2027

+1.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23517 to rise 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in 23517 fell 0.8%, per the Zillow Home Value Index.

Will home prices drop in 23517?

Zillow's forecast does not call for a drop: it expects typical home values in 23517 to rise 1.6% by September 2027, after a 0.8% decline 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 23517 home prices compare?

23517$321,257
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's 23517 ZIP has 13 homes for sale, with 6 new listings added in September 2026. Nearly one in five listings, at 18.2%, have seen price reductions. The median time on market of 51 days reflects a moderating pace of sales. Combined with the recent year-over-year decline in typical home value, the market is tilting toward buyers. Sellers should expect a competitive environment where pricing strategy matters.

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Down payment20% · $64,251

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Common questions

What people ask us.

What is the typical home value in 23517?

The typical home value is $321,257, down 0.8% over the past year as of September 2026.

How long do homes typically stay on the market in 23517?

The median days on market is 51 as of September 2026.

How many homes are currently for sale in 23517?

There are 13 homes for sale in 23517 as of September 2026, with 6 new listings that month.

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