“What is my house worth?” is the first question most Norfolk sellers ask us. The real answer depends on your street, your house and the shape it is in. But local numbers can get you close.
Here are the latest Norfolk home values by ZIP code, what pushes prices up or down here, and how to figure out what your own house might sell for.
These numbers come from Redfin’s Norfolk housing market data. They are medians, which means half the homes sold for more and half for less. Your house could be worth more or less than the number for your area.
Norfolk Home Values at a Glance
- Median sale price: about $332,000 in September 2026, up 3.7% from a year earlier
- Homes sold: 274 in September, up about 13% from a year earlier
- Median days on market: 34 days
- Sale price vs. list price: homes sold for about 98.9% of their asking price
- Sold over asking: about 31% of homes sold for more than list price
In plain words: Norfolk prices are still rising, but more slowly than in Virginia Beach. More homes are selling, and a good house priced right still sells in about a month. Buyers are a little pickier than last year, so price and condition matter a lot.
Norfolk Home Values by ZIP Code
| ZIP code | Areas | Median sale price | Change from last year | Median days on market |
|---|---|---|---|---|
| 23508 | Larchmont, Edgewater, ODU area | $399,883 | up 1.0% | 31 |
| 23518 | East Ocean View | $384,887 | up 6.9% | 29 |
| 23505 | Wards Corner, Algonquin Park, Lochhaven, Talbot Park | $377,889 | up 8.0% | 25 |
| 23502 | Glenrock, Lake Taylor, Poplar Halls, River Oaks | $337,400 | up 5.3% | 28 |
| 23503 | Ocean View, Bayview, Willoughby | $331,902 | up 0.6% | 39 |
| 23504 | Park Place, Brambleton, Huntersville | $304,868* | up 7.0% | 33 |
| 23513 | Norview, Coronado, Fairmount Park | $300,912 | down 1.6% | 26 |
| Ghent | Ghent neighborhood | $289,919 | swings a lot | 58 |
| 23523 | Campostella, Berkley | $249,927 | down 16.7% | 29 |
Source: Redfin, September 2026. *August 2026 is the latest month shown for 23504. Ghent mixes condos with large older homes, and Ghent and 23523 had only about 21 sales each, so their medians jump around from month to month. ZIP codes cover big areas, and some neighborhoods sit in more than one, so the areas listed are a rough guide.
What Pushes Norfolk Home Values up or Down
- Water and views. Homes on the Lafayette River, the Elizabeth River and the bay sell for the most. Water views can add a lot.
- Flooding. Norfolk has some of the worst tidal flooding on the East Coast. Homes in high-risk flood zones cost more to insure, and some buyers avoid them. Here is our guide to selling a house in a flood zone in Norfolk or Virginia Beach.
- Age and condition. Many Norfolk homes are 70 to 100 years old. Old wiring, plumbing, foundations and roofs can cut the price, and so can lead paint in homes built before 1978. Updated older homes sell well.
- Location. Being close to Ghent, Downtown, ODU, the hospitals or Naval Station Norfolk is a big plus for a lot of buyers.
- Time of year. Spring and early summer usually bring the most buyers. See the best time to sell a house in Virginia.
How to Figure Out What Your House Is Worth
- Start with online estimates, but do not trust them too much. Zillow, Redfin and others give a quick number, but they cannot see inside your house. In a city with homes as different as Norfolk’s, they can be way off.
- Look at recent sales near you. Find 3 to 5 homes that sold in the last 3 to 6 months, close to you, with about the same size, age and condition. These are called “comps.” In Norfolk, stay inside your own neighborhood if you can, because prices change a lot from one area to the next.
- Adjust for differences. If the comps had new kitchens and yours needs one, your number should be lower. If yours has a new roof and theirs did not, it may be higher.
- Ask a local agent. Most agents will run a free comparative market analysis for you.
- Get an appraisal if you need an exact number. A licensed appraiser usually costs a few hundred dollars and gives you the most accurate value.
For more detail, see our guide to finding your home’s fair market value in Virginia. If you are also curious about the city next door, here are the latest Virginia Beach home values by ZIP code.
What If Your House Needs Work?
The numbers above are mostly for homes in good shape. If your house needs a new roof, has foundation or water problems, or has not been updated in years, it will usually sell for less. Buyers with loans also may not be able to buy it until repairs are made.
That is where we come in. Here is exactly how we figure out an offer. We work out what the house will be worth once it is fixed up. Our offer lands between 70% and 80% of that number, and that range has to cover both what we pay you and what we spend on the repairs.
Say your house would be worth $330,000 fixed up and needs $40,000 of work. 75% of $330,000 is $247,500. Take out the $40,000 of repairs and the offer is around $207,500.
If your house is in good shape and you have time, listing it with an agent will usually get you more than we can pay, and we will tell you that. If a straight cash offer will not cover what you owe, we can also look at creative financing, where we buy the house on terms instead of paying all cash up front.
No repairs, no commissions, and we pay all the closing costs. We can usually close in 10 to 14 days. We buy in every part of Norfolk, plus Virginia Beach, Chesapeake, Portsmouth and the rest of Hampton Roads.
Common Questions About Norfolk Home Values
What is the average home price in Norfolk?
The median sale price was about $332,000 in September 2026, up 3.7% from a year earlier, according to Redfin.
Are Norfolk home prices going up or down?
Up a little overall. Prices rose about 4% over the past year, but some areas, like Campostella and Berkley, dipped. Homes are also taking a couple more days to sell than last year.
How long does it take to sell a house in Norfolk?
The median home sold in about 34 days in September 2026. Houses that need work or are priced too high can take much longer.
Which Norfolk ZIP codes have the highest home values?
Larchmont, Edgewater and the ODU area (23508), East Ocean View (23518), and Wards Corner and Algonquin Park (23505) had the highest medians in our table. Waterfront homes in many neighborhoods sell for much more.
Does flooding lower home values in Norfolk?
It can. Homes in high-risk flood zones cost more to insure and some buyers avoid them, which can mean a lower price or more time on the market.
How can I get a free value for my Norfolk house?
A local agent can run a free market analysis. If your house needs work, we can also give you a free cash offer within 24 hours of seeing it.
Get a Cash Offer on Your Norfolk House
Call us at (757) 337-2236. We will walk the house with you, give you a number within 24 hours, and tell you straight if listing it would get you more.