All Home Types
Norfolk, VA Housing Market
What is the housing market like in Norfolk today?
In August 2023, Norfolk home prices were up 7.0% compared to last year, selling for a median price of $300K. On average, homes in Norfolk sell after 24 days on the market compared to 23 days last year. There were 292 homes sold in August this year, down from 398 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$300,000
+7.0% YoY | Aug 2023
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Aug 2023
Growth
% YoY
Norfolk, VA
$300,000
+7.0%
United States
Norfolk Migration & Relocation Trends
In Jun '23 - Aug '23, 26% of Norfolk homebuyers searched to move out of Norfolk, while 74% looked to stay within the metropolitan area.
- Across the nation, 0.75% of homebuyers searched to move into Norfolk from outside metros.
- Washington homebuyers searched to move into Norfolk more than any other metro followed by New York and Richmond.
Where are people moving to Norfolk from?
- 74% of Norfolk homebuyers searched to stay within the Norfolk metropolitan area.
- Jacksonville was the most popular destination among Norfolk homebuyers followed by Miami and Orlando.
Where are people from Norfolk moving to?
Number of People Moving to Norfolk
least
most
People are moving to Norfolk from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Jun '23 - Aug '23 | ||
| 1 | 2,117 | ||
| 2 | 500 | ||
| 3 | 367 | ||
| 4 | 202 | ||
| 5 | 173 | ||
| 6 | 148 | ||
| 7 | 142 | ||
| 8 | 86 | ||
| 9 | 52 | ||
| 10 | 51 | ||
People are leaving Norfolk for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Jun '23 - Aug '23 | ||
| 1 | 114 | ||
| 2 | 59 | ||
| 3 | 54 | ||
| 4 | 51 | ||
| 5 | 51 | ||
| 6 | 36 | ||
| 7 | 35 | ||
| 8 | 30 | ||
| 9 | 29 | ||
| 10 | 29 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Norfolk.
Risk Factor
Provided by First Street Foundation
Transportation in Norfolk
Learn about the walkability, bikeability, and transit-friendliness of Norfolk
Car-Dependent
Walk Score®
Some Transit
Transit Score®
Somewhat Bikeable
Bike Score®
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