Norfolk City County, VA Real Estate & Property Data

Norfolk City County Real Estate Market Trends
Last Updated: March 29, 2024

With up-to-date real estate data get detailed insight into Norfolk City County, VA sourced from the nation’s leading property data provider. The current median home price in Norfolk City County, VA is $299,000. Norfolk City County real estate data shows that there have been a total of 3,937 residential properties sold over the past 12 months. ATTOM’s Norfolk City County real estate data indicates that the county has 21 properties in foreclosure and 6 REOs (real estate bank owned) properties.

Norfolk City County Real Estate Market Trends
Total Residential Properties 58,962
Total Commercial Properties 4,271
Avg. Home Age (Single Family Home) 66 Years
Avg. Square Feet (Single Family Home) 1,704
Total 2024 Residential Sales (year-to-date) 234
% of Homes Seriously Underwater (Q1 2024) 0.98%
Total 2023 Residential Sales 3,703
% of Equity Rich Homes (Q1 2024) 28.27%
Effective 2023 Property Tax 1.13%
Total Foreclosure Filings (year-to-date) 21
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Norfolk City County, VA Real Estate Overview

There were 3,937 residential properties sold in the past year in Norfolk City County, VA. The median home value in Norfolk City County, VA is $280,961. There are a total of 58,962 residential properties in the Norfolk City.

Median Sales Price i
$299,000
(Jan 2024)
+10.7%
year-over-year
y-o-y
  • January '24 Jan '24 $299,000
  • December '23 Dec '23 $300,000
  • November '23 Nov '23 $295,000
  • October '23 Oct '23 $302,000
  • September '23 Sep '23 $295,000
  • August '23 Aug '23 $291,200
  • July '23 Jul '23 $293,500
  • June '23 Jun '23 $305,000
  • May '23 May '23 $297,000
  • April '23 Apr '23 $282,500
  • March '23 Mar '23 $287,000
  • February '23 Feb '23 $280,000
Median Down Payment i
$33,725
(Jan 2024)
+128.6%
year-over-year
y-o-y
  • January '24 Jan '24 $33,725
  • December '23 Dec '23 $41,125
  • November '23 Nov '23 $30,730
  • October '23 Oct '23 $29,027
  • September '23 Sep '23 $47,209
  • August '23 Aug '23 $39,450
  • July '23 Jul '23 $46,500
  • June '23 Jun '23 $38,125
  • May '23 May '23 $25,363
  • April '23 Apr '23 $22,500
  • March '23 Mar '23 $21,542
  • February '23 Feb '23 $24,217
Number of Homes Sold i
234
(Jan 2024)
+10.4%
year-over-year
y-o-y
  • January '24 Jan '24 234
  • December '23 Dec '23 244
  • November '23 Nov '23 244
  • October '23 Oct '23 282
  • September '23 Sep '23 324
  • August '23 Aug '23 360
  • July '23 Jul '23 336
  • June '23 Jun '23 379
  • May '23 May '23 378
  • April '23 Apr '23 325
  • March '23 Mar '23 347
  • February '23 Feb '23 272
Number of Purchase Loans i
191
(Jan 2024)
+13%
year-over-year
y-o-y
  • January '24 Jan '24 191
  • December '23 Dec '23 179
  • November '23 Nov '23 196
  • October '23 Oct '23 203
  • September '23 Sep '23 259
  • August '23 Aug '23 296
  • July '23 Jul '23 280
  • June '23 Jun '23 326
  • May '23 May '23 326
  • April '23 Apr '23 272
  • March '23 Mar '23 291
  • February '23 Feb '23 218
Number of REFI Loans i
127
(Jan 2024)
+49.4%
year-over-year
y-o-y
  • January '24 Jan '24 127
  • December '23 Dec '23 69
  • November '23 Nov '23 81
  • October '23 Oct '23 105
  • September '23 Sep '23 96
  • August '23 Aug '23 127
  • July '23 Jul '23 92
  • June '23 Jun '23 93
  • May '23 May '23 110
  • April '23 Apr '23 82
  • March '23 Mar '23 79
  • February '23 Feb '23 78
Number of HELOC Loans i
46
(Jan 2024)
+64.3%
year-over-year
y-o-y
  • January '24 Jan '24 46
  • December '23 Dec '23 45
  • November '23 Nov '23 33
  • October '23 Oct '23 62
  • September '23 Sep '23 34
  • August '23 Aug '23 61
  • July '23 Jul '23 39
  • June '23 Jun '23 47
  • May '23 May '23 50
  • April '23 Apr '23 47
  • March '23 Mar '23 68
  • February '23 Feb '23 39

Norfolk City County, VA Real Estate Market Overview

Last 30 days
  • City
    Median Est. Value

Norfolk City County, VA Foreclosure Activity

There were a total of 21 Norfolk City County, VA properties with a foreclosure filing in January 2024. Lenders started the foreclosure process on 21 Norfolk City County, VA properties and repossessed 6 Norfolk City County, VA properties through completed foreclosures (REOs) in January 2024.

Total Foreclosure Filings i
21
(Jan 2024)
+61.5%
year-over-year
y-o-y
  • January '24 Jan '24 21
  • December '23 Dec '23 17
  • November '23 Nov '23 11
  • October '23 Oct '23 19
  • September '23 Sep '23 25
  • August '23 Aug '23 26
  • July '23 Jul '23 25
  • June '23 Jun '23 21
  • May '23 May '23 17
  • April '23 Apr '23 12
  • March '23 Mar '23 16
  • February '23 Feb '23 12
Foreclosure Starts i
21
(Jan 2024)
+61.5%
year-over-year
y-o-y
  • January '24 Jan '24 21
  • December '23 Dec '23 17
  • November '23 Nov '23 11
  • October '23 Oct '23 19
  • September '23 Sep '23 25
  • August '23 Aug '23 26
  • July '23 Jul '23 25
  • June '23 Jun '23 21
  • May '23 May '23 17
  • April '23 Apr '23 12
  • March '23 Mar '23 16
  • February '23 Feb '23 11
Completed Foreclosures (REOs) i
6
(Jan 2024)
+50%
year-over-year
y-o-y
  • January '24 Jan '24 6
  • December '23 Dec '23 7
  • November '23 Nov '23 5
  • October '23 Oct '23 4
  • September '23 Sep '23 2
  • August '23 Aug '23 9
  • July '23 Jul '23 1
  • June '23 Jun '23 3
  • May '23 May '23 5
  • April '23 Apr '23 7
  • March '23 Mar '23 6
  • February '23 Feb '23 12
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