Market Intelligence · VA / Norfolk

Norfolk, VA 23518 Housing Market

The typical home value in Norfolk's 23518 ZIP code is $347,152, up 0.5% over the past year. The median list price sits at $417,500, and homes are taking a median of 37 days on market as of June 2026.

Updated June 2026Median value$347K

The median home value in Norfolk, VA 23518 is $347K as of June 2026, up 0.5% 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 23518 range

$319K to $375K

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

+0.5% over 12 months

Typical home value in 23518 over the last 12 months: $345K in Jun 2025 to $347K in Jun 2026 (+0.5%).

Jun 2025$345K

Jun 2026$347K

The numbers

What is the 23518 housing market like?

Typical home value

$347K

Up0.5%YoY

Median list price

$418K

Days on market

37

Up27.6%MoM

Homes for sale

96

Price cuts

18.0%

New listings

58

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

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The comparison

How do 23518 home prices compare?

  • 23518$347,152
  • 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 2026, there are 96 homes for sale in 23518, with 58 new listings recently added. The median list price is $417,500, while the typical home value is $347,152, up 0.5% over the past year. Homes here take a median of 37 days to sell. About 18.0% of listings have had a price cut. For sellers, this is a market that rewards realistic pricing and patience rather than aggressive asking prices.

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