The Norfolk housing market is not very competitive. The median sale price of a home in Norfolk was $205K last month, down 50.6% since last year. The median sale price per square foot in Norfolk is $117, down 59.8% since last year.
In June 2025, Norfolk home prices were down 50.6% compared to last year, selling for a median price of $205K.
$205K
Sale Price
-50.6% since last year
$117
Sale $/Sq. Ft.
-59.8% since last year
Under List Price
10.5%
Days on Market
124
Down Payment
—
Total Homes Sold
1
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How hot is the Norfolk housing market?
Norfolk is not very competitive. Homes sell in 124 days.
0
100
14
Not Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Multiple offers are rare.
The average homes sell for about 10% below list price and go pending in around 124 days.
Hot homes
can sell for about 4% below list price and go pending in around 54 days.
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.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Norfolk housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Norfolk.
Flood Factor - Major
11% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Norfolk has a major risk of flooding. 22 properties in Norfolk are likely to be
severely affected
by flooding over the next 30 years. This represents 11% of all properties in Norfolk. Flood risk is increasing slower than the national average.
100% of properties are at risk of wildfire over the next 30 years
Fire Factor
Norfolk has a moderate risk of wildfire. There are 307 properties in Norfolk that have some risk of being affected by wildfire over the next 30 years. This represents 100% of all properties in Norfolk.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Norfolk has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Norfolk is most at risk from hurricanes. 308 properties in Norfolk have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 68 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 82 mph.