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Norfolk Home Prices and Home Values

  • Zillow Home Value Index

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    Zillow Home Value Index
    Mid-point of Zestimate valuations for Norfolk. Half the Zestimates are above this number and half are below it.

  • Median list price ($)

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    Median list price ($)
    Mid-point of the list price for homes listed on Zillow in Norfolk, or the asking price.

  • Median sale price ($)

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    Median sale price ($)
    Mid-point of the price homes have sold for in Norfolk. Half the homes sold above this number and half sold below.

  • Median rent list price ($)

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    Median rent list price ($)
    Mid-point of the rental price for homes listed for rent on Zillow in the Norfolk. Half the homes have rent prices above this number and half are below.

  • Total homes sold

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    Total homes sold
    Total number of homes sold in Norfolk during the prior 30 days.

  • Median value per sq. ft. ($)

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    Median value per sq. ft. ($)
    Mid-point of the value of all homes in Norfolk, per square foot. This is derived by taking the Zestimate for each home and dividing it by the homes square footage (e.g. a 1,000 sq ft home with a Zestimate of $200k has a $200 value/sq foot).

  • Median list price per sq. ft. ($)

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    Median list price per sq. ft. ($)
    Mid-point of Norfolks list prices when divided by the square footage of a home (e.g. a 1,000 sq ft home with a list price of $200k has a list price/sq ft of $200).

  • Median sale price per sq. ft. ($)

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    Median sale price per sq. ft. ($)
    Mid-point of Norfolks sale prices when divided by the square footage of a home (e.g. a 1,000 sq ft home that sold for $200k has a sale price/sq ft of $200).

  • Median rent list price per sq. ft. ($)

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    Median rent list price per sq. ft. ($)
    Mid-point of Norfolks rent when divided by the square footage of a home (e.g. a 1,000 sq ft home with a rent of $1,200 has a rent/sq ft of $12).

  • Median sale-to-list price ratio

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    Median sale-to-list price ratio
    Mid-point of the ratio between the sale price and the list price for all homes in Norfolk (e.g. if a home with a list price of $200k sells for $250k, its ratio would be 5:4 or 1.25).

  • Listings with price cut (%)

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    Listings with price cut (%)
    The percentage of current listings on Zillow in Norfolk whose price has been reduced in the last 30 days.

  • Median price cut (%)

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    Median price cut (%)
    The mid-point of the percentage of price reduction for homes in Norfolk whose prices have been reduced in the past full month.

  • Sold for loss (%)

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    Sold for loss (%)
    The percentage of homes in Norfolk that sold for less than the previous purchase price (e.g. a home purchased for $250k and then sold for $225k). This excludes foreclosure transactions.

  • Sold for gain (%)

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    Sold for gain (%)
    The percentage of homes sold for more than their previous purchase price (e.g. a home purchased for $225k and then sold for $250k).

  • Homes foreclosed

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    Homes foreclosed
    The number of homes in the Norfolk per 10,000 that were foreclosed in a given month. A foreclosure is when a homeowner loses their home to their lending institution or it is sold to a third party at an auction.

  • Foreclosure re-sales (%)

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    Foreclosure re-sales (%)
    The percentage of home sales in a given month in Norfolk where the home was foreclosed upon within the previous 12 months (e.g. sales of bank-owned homes after the bank repossessed a home during a foreclosure).

  • Increasing values (%)

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    Increasing values (%)
    The percentage of homes in Norfolk whose values have increased in the past year.

  • Decreasing values (%)

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    Decreasing values (%)
    The percentage of all homes in Norfolk whose value has fallen in the last year.

  • Sold in past year (%)

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    Sold in past year (%)
    The percentage of all homes in Norfolk that were sold in the past 12 months.
  • 3.74%
  • -11.1%Y-o-Y
  • Calculated 02/01/2012*
  • *Includes data and transactions through 12/31/2011
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This data is not available for Norfolk.

RegionId
Region
M-o-M
Q-o-Q
Y-o-Y
Dec 2011
6210
Norfolk
-7.0%
-11.5%
-11.1%
3.74%
67745
23501
67746
23502
-9.7%
-16.4%
-24.8%
2.85%
67747
23503
-8.8%
-11.0%
-19.8%
3.73%
67748
23504
-6.9%
-12.1%
-9.8%
4.50%
67749
23505
-7.5%
-5.7%
0.5%
3.64%
67751
23507
-5.0%
-12.6%
-10.6%
4.55%
67752
23508
-6.1%
-11.5%
-8.5%
4.23%
67753
23509
-9.9%
-12.9%
-5.2%
4.43%
67754
23510
-12.0%
-13.7%
-6.4%
3.48%
67755
23511
67756
23512
67757
23513
-3.9%
-8.7%
0.7%
3.73%
67759
23515
67760
23517
-4.0%
-2.0%
-9.4%
4.80%
67761
23518
-6.0%
-14.5%
-11.9%
3.24%
67765
23523
-4.4%
-18.9%
-33.8%
3.20%
67768
23551

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Compare Cities Near Norfolk
Sold in past year (%)Y-o-Y
Norfolk3.74%-11.1%
Portsmouth2.36%5.3%
Hampton2.32%-28.1%
Chesapeake2.84%-4.8%
Virginia Beach3.37%-18.5%
Newport News2.67%-17.3%
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