Market Intelligence · VA / Norfolk

Norfolk, VA 23523 Housing Market

The typical home value in Norfolk 23523 is $259,921, up 1.3% over the past year. The median list price stands at $317,500, with homes taking a median of 34 days to sell as of September 2026.

Updated September 2026Median value$260K

The median home value in Norfolk, VA 23523 is $260K as of September 2026, up 1.3% 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 23523 range

$239K to $281K

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

+1.3% over 12 months

Sep 2025$257K

Low $257KHigh $260K

Sep 2026$260K

The numbers

What is the 23523 housing market like?

As of September 2026

Typical home value

$260K

1.3%YoY

Median list price

$318K

1.1%MoM

Days on market

24.4%MoM

Homes for sale

11.8%MoM

Price cuts

14.1%

15.2%MoM

New listings

100.0%MoM

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

The outlook

23523 housing market forecast 2027

+2.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23523 to rise 2.4% by September 2027.

Over the 12 months through September 2026, typical home values in 23523 rose 1.3%, per the Zillow Home Value Index.

Will home prices drop in 23523?

Zillow's forecast does not call for a drop: it expects typical home values in 23523 to rise 2.4% by September 2027, after a 1.3% 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 23523 home prices compare?

23523$259,921
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 23523 has 19 homes for sale, with 16 new listings entering the market in September 2026. The median time on market of 34 days reflects a reasonably active sales pace. About 14.1% of listings have seen a price cut, suggesting some sellers are adjusting expectations. While the year-over-year value increase of 1.3% is modest, it indicates the market is holding steady rather than declining. For sellers, the key takeaway is that pricing competitively from the start matters more than waiting for appreciation.

Monthly payment

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Home price

Down payment20% · $51,984

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Common questions

What people ask us.

What is the typical home value in Norfolk 23523?

The typical home value is $259,921, up 1.3% over the past year as of September 2026.

How many homes are currently listed for sale in 23523?

There are 19 homes for sale as of September 2026, with 16 new listings added that month.

How long do homes typically stay on the market in this ZIP code?

The median days on market is 34 as of September 2026.

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