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Get to know Norfolk. Whether you're looking to purchase a home, putting yours up for sale or exploring rental options, get up-to-date information about the Norfolk real estate market, all in one place. Analyze how the market is performing against historical data. Guaranteed Rate helps you explore Norfolk without having to leave home.

The median home price in Norfolk for the week end on April 5th 2024 was compared to $1,003, the median rent. Unemployment sits at 8.5% as of April 5th 2024. The population of Norfolk is 245,752. The median age of the locals is 30.4.

Market trends

Single Family Homes

In the past week, single family homes in Norfolk sold on average for $339,900 and spent 61 days on the market. In Norfolk, the inventory of 231 experienced a 13% relisting. The average price per square foot was $199.

In the past week, condo/townhomes in Norfolk sold on average for $389,900 and spent 122 days on the market. In Norfolk, the inventory of 103 experienced a 32% relisting. The average price per square foot was $250.

Population trends

As previously noted, the population of Norfolk is 245,752 and the median age is 30.4. Among Norfolk residents, there is a homeowner vacancy rate of 3.0% and a rental vacancy rate of 6.9% from a total of 96,700 units.

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This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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