Norfolk, VA 23508 Real Estate & Property Data

Norfolk, VA 23508 Real Estate Market Trends
Last Updated: April 27, 2024

A total of 320 residential properties have been sold over the past 12 months in 23508. With a median sales price of $373,000 in 23508 and a total of 3 foreclosures in Norfolk, VA 23508. Discover market trends and get the granular level real estate data for Norfolk, VA 23508 to keep your pulse on the housing market. Curate compelling home reports for Norfolk, VA 23508 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Norfolk, VA 23508 Real Estate Market Trends
Total Residential Properties 4,977
Total Commercial Properties 285
Avg. Home Age (Single Family Home) 79 Years
Avg. Square Feet (Single Family Home) 1,993
Total 2024 Residential Sales (year-to-date) 29
% of Homes Seriously Underwater (Q2 2024) 1.47%
Total 2023 Residential Sales 309
% of Equity Rich Homes (Q2 2024) 26.6%
Effective 2023 Property Tax 1.16%
Total Foreclosure Filings (year-to-date) 3
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Norfolk, VA 23508 Real Estate Overview

There were 320 residential properties sold in the past year in Norfolk, VA 23508. The median home value in Norfolk, VA 23508 is $365,404. There are a total of 4,977 residential properties in the 23508.

Median Sales Price i
$373,000
(Feb 2024)
+5.1%
year-over-year
y-o-y
  • February '24 Feb '24 $373,000
  • January '24 Jan '24 $370,000
  • December '23 Dec '23 $359,000
  • November '23 Nov '23 $405,000
  • October '23 Oct '23 $315,000
  • September '23 Sep '23 $338,500
  • August '23 Aug '23 $380,000
  • July '23 Jul '23 $430,000
  • June '23 Jun '23 $408,000
  • May '23 May '23 $425,000
  • April '23 Apr '23 $383,000
  • March '23 Mar '23 $358,000
Median Down Payment i
$47,752
(Feb 2024)
+86.8%
year-over-year
y-o-y
  • February '24 Feb '24 $47,752
  • January '24 Jan '24 $50,614
  • December '23 Dec '23 $47,000
  • November '23 Nov '23 $43,600
  • October '23 Oct '23 $77,476
  • September '23 Sep '23 $61,000
  • August '23 Aug '23 $73,119
  • July '23 Jul '23 $21,625
  • June '23 Jun '23 $75,000
  • May '23 May '23 $52,250
  • April '23 Apr '23 $25,430
  • March '23 Mar '23 $31,515
Number of Homes Sold i
13
(Feb 2024)
-48%
year-over-year
y-o-y
  • February '24 Feb '24 13
  • January '24 Jan '24 16
  • December '23 Dec '23 19
  • November '23 Nov '23 14
  • October '23 Oct '23 18
  • September '23 Sep '23 25
  • August '23 Aug '23 31
  • July '23 Jul '23 27
  • June '23 Jun '23 37
  • May '23 May '23 37
  • April '23 Apr '23 27
  • March '23 Mar '23 31
Number of Purchase Loans i
12
(Feb 2024)
-7.7%
year-over-year
y-o-y
  • February '24 Feb '24 12
  • January '24 Jan '24 19
  • December '23 Dec '23 14
  • November '23 Nov '23 8
  • October '23 Oct '23 14
  • September '23 Sep '23 21
  • August '23 Aug '23 30
  • July '23 Jul '23 23
  • June '23 Jun '23 33
  • May '23 May '23 34
  • April '23 Apr '23 22
  • March '23 Mar '23 24
Number of REFI Loans i
5
(Feb 2024)
+25%
year-over-year
y-o-y
  • February '24 Feb '24 5
  • January '24 Jan '24 4
  • December '23 Dec '23 3
  • November '23 Nov '23 5
  • October '23 Oct '23 7
  • September '23 Sep '23 6
  • August '23 Aug '23 8
  • July '23 Jul '23 2
  • June '23 Jun '23 5
  • May '23 May '23 3
  • April '23 Apr '23 7
  • March '23 Mar '23 3
Number of HELOC Loans i
6
(Feb 2024)
-14.3%
year-over-year
y-o-y
  • February '24 Feb '24 6
  • January '24 Jan '24 5
  • December '23 Dec '23 2
  • November '23 Nov '23 5
  • October '23 Oct '23 4
  • September '23 Sep '23 1
  • August '23 Aug '23 3
  • July '23 Jul '23 5
  • June '23 Jun '23 7
  • May '23 May '23 3
  • April '23 Apr '23 6
  • March '23 Mar '23 4

Norfolk, VA 23508 Foreclosure Activity

There were a total of 3 Norfolk, VA 23508 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i
3
(Feb 2024)
  • February '24 Feb '24 3
  • January '24 Jan '24 N/A
  • December '23 Dec '23 N/A
  • November '23 Nov '23 1
  • October '23 Oct '23 1
  • September '23 Sep '23 1
  • August '23 Aug '23 N/A
  • July '23 Jul '23 1
  • June '23 Jun '23 N/A
  • May '23 May '23 N/A
  • April '23 Apr '23 3
  • March '23 Mar '23 1
Foreclosure Starts i
3
(Feb 2024)
  • February '24 Feb '24 3
  • January '24 Jan '24 N/A
  • December '23 Dec '23 N/A
  • November '23 Nov '23 1
  • October '23 Oct '23 1
  • September '23 Sep '23 1
  • August '23 Aug '23 N/A
  • July '23 Jul '23 1
  • June '23 Jun '23 N/A
  • May '23 May '23 N/A
  • April '23 Apr '23 3
  • March '23 Mar '23 1
Completed Foreclosures (REOs) i
  • February '24 Feb '24 N/A
  • January '24 Jan '24 N/A
  • December '23 Dec '23 1
  • November '23 Nov '23 N/A
  • October '23 Oct '23 N/A
  • September '23 Sep '23 N/A
  • August '23 Aug '23 1
  • July '23 Jul '23 N/A
  • June '23 Jun '23 1
  • May '23 May '23 1
  • April '23 Apr '23 N/A
  • March '23 Mar '23 N/A
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