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Norfolk, VA 23502 Real Estate & Property Data

Norfolk, VA 23502 Real Estate Market Trends

Last Updated: April 28, 2024

A total of 329 residential properties have been sold over the past 12 months in 23502. With a median sales price of $305,000 in 23502 and a total of 1 foreclosures in Norfolk, VA 23502. Discover market trends and get the granular level real estate data for Norfolk, VA 23502 to keep your pulse on the housing market. Curate compelling home reports for Norfolk, VA 23502 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Norfolk, VA 23502 Real Estate Market Trends

Get property data for any address in Norfolk, VA 23502 or the country:

Total Residential Properties 5,802

Total Commercial Properties 677

Avg. Home Age (Single Family Home) 61 Years

Avg. Square Feet (Single Family Home) 1,672

Total 2024 Residential Sales (year-to-date) 51

% of Homes Seriously Underwater (Q2 2024) 1.15%

Total 2023 Residential Sales 292

% of Equity Rich Homes (Q2 2024) 29.38%

Effective 2023 Property Tax 1.14%

Total Foreclosure Filings (year-to-date) 3

Norfolk, VA 23502 Real Estate Overview

There were 329 residential properties sold in the past year in Norfolk, VA 23502. The median home value in Norfolk, VA 23502 is $279,884. There are a total of 5,802 residential properties in the 23502.

Median Sales Price i

$305,000

(Feb 2024)

+7.6%

year-over-year

y-o-y

February '24 Feb '24 $305,000
January '24 Jan '24 $299,000
December '23 Dec '23 $285,000
November '23 Nov '23 $283,845
October '23 Oct '23 $313,500
September '23 Sep '23 $305,000
August '23 Aug '23 $280,000
July '23 Jul '23 $285,000
June '23 Jun '23 $325,000
May '23 May '23 $285,000
April '23 Apr '23 $297,500
March '23 Mar '23 $312,000

Median Down Payment i

$51,250

(Feb 2024)

+22%

year-over-year

y-o-y

February '24 Feb '24 $51,250
January '24 Jan '24 $42,950
December '23 Dec '23 $16,175
November '23 Nov '23 $18,700
October '23 Oct '23 $35,954
September '23 Sep '23 $66,175
August '23 Aug '23 $21,750
July '23 Jul '23 $32,200
June '23 Jun '23 $14,656
May '23 May '23 $23,647
April '23 Apr '23 $14,900
March '23 Mar '23 $21,968

Number of Homes Sold i

26

(Feb 2024)

+52.9%

year-over-year

y-o-y

February '24 Feb '24 26
January '24 Jan '24 25
December '23 Dec '23 26
November '23 Nov '23 23
October '23 Oct '23 22
September '23 Sep '23 20
August '23 Aug '23 21
July '23 Jul '23 23
June '23 Jun '23 30
May '23 May '23 32
April '23 Apr '23 37
March '23 Mar '23 27

Number of Purchase Loans i

20

(Feb 2024)

+11.1%

year-over-year

y-o-y

February '24 Feb '24 20
January '24 Jan '24 24
December '23 Dec '23 17
November '23 Nov '23 22
October '23 Oct '23 14
September '23 Sep '23 15
August '23 Aug '23 20
July '23 Jul '23 21
June '23 Jun '23 28
May '23 May '23 32
April '23 Apr '23 34
March '23 Mar '23 24

Number of REFI Loans i

10

(Feb 2024)

+100%

year-over-year

y-o-y

February '24 Feb '24 10
January '24 Jan '24 16
December '23 Dec '23 9
November '23 Nov '23 5
October '23 Oct '23 15
September '23 Sep '23 17
August '23 Aug '23 13
July '23 Jul '23 13
June '23 Jun '23 16
May '23 May '23 9
April '23 Apr '23 8
March '23 Mar '23 6

Number of HELOC Loans i

4

(Feb 2024)

-20%

year-over-year

y-o-y

February '24 Feb '24 4
January '24 Jan '24 12
December '23 Dec '23 5
November '23 Nov '23 2
October '23 Oct '23 7
September '23 Sep '23 3
August '23 Aug '23 3
July '23 Jul '23 1
June '23 Jun '23 3
May '23 May '23 5
April '23 Apr '23 3
March '23 Mar '23 7

Norfolk, VA 23502 Real Estate Market Overview

Last 30 days

Street
Street
Street

1
2
3
4

Norfolk, VA 23502 Foreclosure Activity

There were a total of 1 Norfolk, VA 23502 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

1

(Feb 2024)

February '24 Feb '24 1
January '24 Jan '24 2
December '23 Dec '23 N/A
November '23 Nov '23 N/A
October '23 Oct '23 3
September '23 Sep '23 2
August '23 Aug '23 N/A
July '23 Jul '23 5
June '23 Jun '23 3
May '23 May '23 1
April '23 Apr '23 N/A
March '23 Mar '23 3

Foreclosure Starts i

1

(Feb 2024)

February '24 Feb '24 1
January '24 Jan '24 2
December '23 Dec '23 N/A
November '23 Nov '23 N/A
October '23 Oct '23 3
September '23 Sep '23 2
August '23 Aug '23 N/A
July '23 Jul '23 5
June '23 Jun '23 3
May '23 May '23 1
April '23 Apr '23 N/A
March '23 Mar '23 3

Completed Foreclosures (REOs) i

February '24 Feb '24 N/A
January '24 Jan '24 1
December '23 Dec '23 N/A
November '23 Nov '23 N/A
October '23 Oct '23 1
September '23 Sep '23 N/A
August '23 Aug '23 N/A
July '23 Jul '23 N/A
June '23 Jun '23 N/A
May '23 May '23 N/A
April '23 Apr '23 N/A
March '23 Mar '23 1

Nearby Zip Codes

1. 23501
2. 23503
3. 23504
4. 23505
5. 23507
6. 23508

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