Norfolk City County, VA Real Estate & Property Data

Norfolk City County Real Estate Market Trends
Last Updated: April 27, 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 $289,900. Norfolk City County real estate data shows that there have been a total of 3,992 residential properties sold over the past 12 months. ATTOM’s Norfolk City County real estate data indicates that the county has 25 properties in foreclosure and 1 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) 501
% of Homes Seriously Underwater (Q2 2024) 1.07%
Total 2023 Residential Sales 3,703
% of Equity Rich Homes (Q2 2024) 27.81%
Effective 2023 Property Tax 1.14%
Total Foreclosure Filings (year-to-date) 46
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Norfolk City County, VA Real Estate Overview

There were 3,992 residential properties sold in the past year in Norfolk City County, VA. The median home value in Norfolk City County, VA is $279,000. There are a total of 58,962 residential properties in the Norfolk City.

Median Sales Price i
$289,900
(Feb 2024)
+3.5%
year-over-year
y-o-y
  • February '24 Feb '24 $289,900
  • 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
Median Down Payment i
$34,500
(Feb 2024)
+42.5%
year-over-year
y-o-y
  • February '24 Feb '24 $34,500
  • 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
Number of Homes Sold i
267
(Feb 2024)
-1.8%
year-over-year
y-o-y
  • February '24 Feb '24 267
  • 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
Number of Purchase Loans i
216
(Feb 2024)
-0.9%
year-over-year
y-o-y
  • February '24 Feb '24 216
  • 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
Number of REFI Loans i
91
(Feb 2024)
+16.7%
year-over-year
y-o-y
  • February '24 Feb '24 91
  • 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
Number of HELOC Loans i
46
(Feb 2024)
+17.9%
year-over-year
y-o-y
  • February '24 Feb '24 46
  • 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

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 25 Norfolk City County, VA properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 25 Norfolk City County, VA properties and repossessed 1 Norfolk City County, VA properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
25
(Feb 2024)
+108.3%
year-over-year
y-o-y
  • February '24 Feb '24 25
  • 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
Foreclosure Starts i
25
(Feb 2024)
+127.3%
year-over-year
y-o-y
  • February '24 Feb '24 25
  • 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
Completed Foreclosures (REOs) i
1
(Feb 2024)
-91.7%
year-over-year
y-o-y
  • February '24 Feb '24 1
  • 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
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