23505 Home Prices & Values

No data Zillow Home Value Index

  • No data1-year change
  • No data 1-year forecast

The median list price per square foot in 23505 is $130, which is lower than the Norfolk average of $130. The median price of homes currently listed in 23505 is $179,900 while the median price of homes that sold is $220,575. The median rent price in 23505 is $1,150, which is higher than the Norfolk median of $1,115.

Foreclosures will be a factor impacting home values in the next several years. In 23505 1.3 homes are foreclosed (per 10,000). This is greater than the Norfolk value of 0.1 and also lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 23505 is 5.5%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 23505 homeowners underwater on their mortgage is 25.9%, which is lower than Norfolk at 30.9%.

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Relative ZHVI
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23505 Market Overview

Data through Aug 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $179,900 Median listing price
  • $220,575 Median sale price
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23505 Market Health

Data through Aug 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 25.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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US Metro Areas

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Los Angeles Metro $532,600 New York Metro $378,200 Washington Metro $358,000
Miami-Fort Lauderdale Metro $203,800 Philadelphia Metro $199,100 Chicago Metro $185,800
Atlanta Metro $150,700 Houston Metro $150,000 Dallas-Fort Worth Metro $147,000

Listings & Sales

Data through Aug 31, 2014
  • $130 Median list price / sq ft
  • $137 Median sale price / sq ft
  • 50.2% Listings with price cut
30.8%
Sold below listing
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23505 Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,304 23505
$1,257 Norfolk
$1,328 United States
  • No data Breakeven horizon
  • $1,150 Rent list price
  • $0.90 Rent list price / sq ft
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