The Norfolk Highlands housing market is very competitive. The median sale price of a home in Norfolk Highlands was $315K last month, down 7.3% since last year. The median sale price per square foot in Norfolk Highlands is $204, up 15.3% since last year.
What is the housing market like in Norfolk Highlands today?
In March 2024, Norfolk Highlands home prices were down 7.3% compared to last year, selling for a median price of $315K. On average, homes in Norfolk Highlands sell after 35 days on the market compared to 25 days last year. There were 25 homes sold in March this year, down from 28 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$315,000
-7.3% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Norfolk Highlands, VA
$315,000
-7.3%
United States
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How hot is the Norfolk Highlands housing market?
Norfolk Highlands is very competitive. Homes sell in 11 days.
0
100
82
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 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% above list price and go pending in around 11 days.
Hot homes
can sell for about 5% above list price and go pending in around 5 days.
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 Highlands housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Norfolk Highlands.
Risk Factor
Flood Factor - Minor
11% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Norfolk Highlands has a minor risk of flooding. 119 properties in Norfolk Highlands are likely to be
severely affected
by flooding over the next 30 years. This represents 11% of all properties in Norfolk Highlands. Flood risk is increasing faster than the national average.
27% of properties are at risk of wildfire over the next 30 years
Fire Factor
Norfolk Highlands has a moderate risk of wildfire. There are 689 properties in Norfolk Highlands that have some risk of being affected by wildfire over the next 30 years. This represents 27% of all properties in Norfolk Highlands.
100% of properties are at severe
risk of a severe wind event over the next 30 years
Wind Factor
Norfolk Highlands has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Norfolk Highlands is most at risk from hurricanes. 2,467 properties in Norfolk Highlands 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 116 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 129 mph.
94% of properties are at extreme
risk of heat over the next 30 years
Heat Factor
Norfolk Highlands has an extreme risk from heat. This is due to
"feels like" temperatures
increasing, and because 94% of homes in Norfolk Highlands have an Extreme Heat Factor®.
Norfolk Highlands is expected to see a 142% increase in the number of days over 105ºF over the next 30 years. Norfolk Highlands is expected to experience 8