How much is a home in 23518 worth?

The typical home value in 23518 is $343,148, up 1.1% over the past year. The median list price is $430,000.

How fast do homes sell in 23518?

Homes in 23518 spend a median of 37 days on market. There are currently 88 homes for sale, with 36 new listings added.

Are sellers cutting prices in 23518?

Yes, 29.8% of listings in 23518 have had a price cut. That share suggests some sellers are listing above what buyers will pay.

Market Intelligence · VA / Norfolk

Norfolk, VA 23518 Housing Market

The typical home value in Norfolk, VA 23518 is $343,148, up 1.1% over the past year. Sellers are listing at a median of $430,000, and homes spend a median of 37 days on market.

Updated August 2026Median value$343K

The median home value in Norfolk, VA 23518 is $343K as of August 2026, up 1.1% 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

$316K to $371K

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

+1.1% over 12 months

Aug 2025$340K

Low $340KHigh $343K

Aug 2026$343K

The numbers

What is the 23518 housing market like?

As of August 2026

Typical home value

$343K

1.1%YoY

Median list price

$430K

2.3%MoM

Days on market

2.8%MoM

Homes for sale

10.2%MoM

Price cuts

29.8%

39.8%MoM

New listings

21.7%MoM

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

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The comparison

How do 23518 home prices compare?

23518$343,148
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

The 23518 market shows steady but modest movement. Typical home values sit at $343,148, up 1.1% over the past year, which suggests slow appreciation rather than rapid gains. There are 88 homes for sale, with 36 new listings coming on, so buyers have some selection. The median list price of $430,000 sits well above the typical value, and a median of 37 days on market indicates homes are moving at a moderate pace. With 29.8% of listings showing a price cut, sellers should price carefully from the start rather than aiming high and reducing later.

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