Homes Under $500K in Norfolk, VA

3 beds

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Norfolk housing market

August 2026 · This period is still settling

Selling at 100.0% of asking price

Sales here are closing essentially at asking. MLS · 253 sales · as of Aug 31, 2026

Homes that sold · County records, as of Aug 24, 2026

Median sale price: $340,000$251,250–$450,000 typical range
Price per sq. ft.: $204
Sales: 234
Paid in cash: 17.5%

Homes on the market · MLS, as of Aug 31, 2026

Median list price: $345,000
Homes for sale: 731
Median days on market: 24 days

Price trend · Assessor repeat sales, as of Aug 31, 2026

Year-over-year: 3.4%

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Jul 29, 2026

Median home size: 1,601 sq. ft.

Norfolk, VA community profile

Population: 231,093
Median income: $62,927
Housing units: 90,238
People per sq. mi.: 3,496.1
Area: 66.1 sq. mi.

Source: HJN community data

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Listing data & MLS disclosures

Norfolk housing market

Homes that sold · County records, as of Aug 24, 2026

Homes on the market · MLS, as of Aug 31, 2026

Price trend · Assessor repeat sales, as of Aug 31, 2026

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Jul 29, 2026

Norfolk, VA community profile

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Listing data & MLS disclosures

Norfolk, VA community profile

Norfolk housing market

Homes that sold · County records, as of Aug 24, 2026

Homes on the market · MLS, as of Aug 31, 2026

Price trend · Assessor repeat sales, as of Aug 31, 2026

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Jul 29, 2026