Market Intelligence · VA / Norfolk

Norfolk, VA 23517 Housing Market

The typical home in Norfolk, VA 23517 is worth $327,253 as of 2026-08-01, down 0.7% over the past year. The median list price sits at $314,500, and homes are spending a median of 55 days on market. Values have softened slightly, but pricing is holding close to what homes are worth.

Updated August 2026Median value$327K

The median home value in Norfolk, VA 23517 is $327K as of August 2026, down 0.7% 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 23517 range

$301K to $353K

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

-0.7% over 12 months

Typical home value in 23517 over the last 12 months: $330K in Aug 2025 to $327K in Aug 2026 (-0.7%).

Aug 2025$330K

Aug 2026$327K

The numbers

What is the 23517 housing market like?

Typical home value

$327K

Down0.7%YoY

Median list price

$315K

Up13.7%MoM

Days on market

55

Up34.1%MoM

Homes for sale

15

Down25.0%MoM

Price cuts

0.0%

Down100.0%MoM

New listings

4

Down33.3%MoM

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

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The comparison

How do 23517 home prices compare?

  • 23517$327,253
  • Norfolk$321,871
  • Virginia$330,987
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Norfolk: 12 ZIPs; Virginia: 757 ZIPs; United States: 26,265 ZIPs).

Context

As of 2026-08-01, there are 15 homes for sale in 23517, with 4 new listings coming on the market. The median list price is $314,500, and the typical home value is $327,253, down 0.7% over the past year. Homes are taking a median of 55 days to sell, and 0.0% of active listings have taken a price cut. The value dip is modest, and sellers have not been chasing the market down. For a homeowner thinking about selling, the market looks steady rather than urgent, so realistic pricing and patience matter more than timing.

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