The South Norfolk housing market is somewhat competitive. The median sale price of a home in South Norfolk was $275K last month, up 11.3% since last year. The median sale price per square foot in South Norfolk is $181, up 5.8% since last year.
What is the housing market like in South Norfolk today?
In March 2024, South Norfolk home prices were up 11.3% compared to last year, selling for a median price of $275K. On average, homes in South Norfolk sell after 63 days on the market compared to 32 days last year. There were 60 homes sold in March this year, down from 85 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$274,900
+11.3% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
South Norfolk, VA
$274,900
+11.3%
United States
To compare other locations to the South Norfolk and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Chesapeake add value to a home.
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How hot is the South Norfolk housing market?
South Norfolk is somewhat competitive. Homes sell in 42.5 days.
0
100
53
Somewhat 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
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 43 days.
Hot homes
can sell for about 1% above list price and go pending in around 17 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 South Norfolk housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in South Norfolk.
Risk Factor
Flood Factor - Moderate
45% of properties are at risk of severe flooding over the next 30 years
Flood Factor
South Norfolk has a moderate risk of flooding. 1,456 properties in South Norfolk are likely to be
severely affected
by flooding over the next 30 years. This represents 45% of all properties in South Norfolk. Flood risk is increasing faster than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
South Norfolk has a minor risk of wildfire. There are 28 properties in South Norfolk that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in South Norfolk.
100% of properties are at severe
risk of a severe wind event over the next 30 years
Wind Factor
South Norfolk has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. South Norfolk is most at risk from hurricanes. 7,735 properties in South 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 118 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 132 mph.