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Norfolk, VA 23518 Real Estate & Property Data

Norfolk, VA 23518 Real Estate Market Trends

Last Updated: April 28, 2024

A total of 599 residential properties have been sold over the past 12 months in 23518. With a median sales price of $303,312 in 23518 and a total of 2 foreclosures in Norfolk, VA 23518. Discover market trends and get the granular level real estate data for Norfolk, VA 23518 to keep your pulse on the housing market. Curate compelling home reports for Norfolk, VA 23518 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Norfolk, VA 23518 Real Estate Market Trends

Get property data for any address in Norfolk, VA 23518 or the country:

Total Residential Properties 9,506

Total Commercial Properties 522

Avg. Home Age (Single Family Home) 58 Years

Avg. Square Feet (Single Family Home) 1,784

Total 2024 Residential Sales (year-to-date) 72

% of Homes Seriously Underwater (Q2 2024) 0.71%

Total 2023 Residential Sales 570

% of Equity Rich Homes (Q2 2024) 28.28%

Effective 2023 Property Tax 1.15%

Total Foreclosure Filings (year-to-date) 6

Norfolk, VA 23518 Real Estate Overview

There were 599 residential properties sold in the past year in Norfolk, VA 23518. The median home value in Norfolk, VA 23518 is $298,167. There are a total of 9,506 residential properties in the 23518.

Median Sales Price i

$303,312

(Feb 2024)

+2.8%

year-over-year

y-o-y

February '24 Feb '24 $303,312
January '24 Jan '24 $314,000
December '23 Dec '23 $315,000
November '23 Nov '23 $322,500
October '23 Oct '23 $345,000
September '23 Sep '23 $305,000
August '23 Aug '23 $314,900
July '23 Jul '23 $315,450
June '23 Jun '23 $324,500
May '23 May '23 $320,000
April '23 Apr '23 $310,000
March '23 Mar '23 $313,500

Median Down Payment i

$16,596

(Feb 2024)

-34.3%

year-over-year

y-o-y

February '24 Feb '24 $16,596
January '24 Jan '24 $44,995
December '23 Dec '23 $50,469
November '23 Nov '23 $80,085
October '23 Oct '23 $72,000
September '23 Sep '23 $72,200
August '23 Aug '23 $52,400
July '23 Jul '23 $55,623
June '23 Jun '23 $44,366
May '23 May '23 $37,930
April '23 Apr '23 $30,000
March '23 Mar '23 $32,775

Number of Homes Sold i

35

(Feb 2024)

-14.6%

year-over-year

y-o-y

February '24 Feb '24 35
January '24 Jan '24 37
December '23 Dec '23 34
November '23 Nov '23 42
October '23 Oct '23 41
September '23 Sep '23 46
August '23 Aug '23 62
July '23 Jul '23 46
June '23 Jun '23 64
May '23 May '23 49
April '23 Apr '23 43
March '23 Mar '23 59

Number of Purchase Loans i

37

(Feb 2024)

-2.6%

year-over-year

y-o-y

February '24 Feb '24 37
January '24 Jan '24 31
December '23 Dec '23 25
November '23 Nov '23 32
October '23 Oct '23 31
September '23 Sep '23 31
August '23 Aug '23 47
July '23 Jul '23 35
June '23 Jun '23 48
May '23 May '23 50
April '23 Apr '23 41
March '23 Mar '23 46

Number of REFI Loans i

12

(Feb 2024)

-20%

year-over-year

y-o-y

February '24 Feb '24 12
January '24 Jan '24 26
December '23 Dec '23 10
November '23 Nov '23 20
October '23 Oct '23 19
September '23 Sep '23 9
August '23 Aug '23 21
July '23 Jul '23 17
June '23 Jun '23 14
May '23 May '23 14
April '23 Apr '23 14
March '23 Mar '23 9

Number of HELOC Loans i

4

(Feb 2024)

-20%

year-over-year

y-o-y

February '24 Feb '24 4
January '24 Jan '24 9
December '23 Dec '23 8
November '23 Nov '23 8
October '23 Oct '23 13
September '23 Sep '23 7
August '23 Aug '23 13
July '23 Jul '23 7
June '23 Jun '23 9
May '23 May '23 12
April '23 Apr '23 8
March '23 Mar '23 8

Norfolk, VA 23518 Real Estate Market Overview

Last 30 days

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Norfolk, VA 23518 Foreclosure Activity

There were a total of 2 Norfolk, VA 23518 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

2

(Feb 2024)

+100%

year-over-year

y-o-y

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

Foreclosure Starts i

2

(Feb 2024)

+100%

year-over-year

y-o-y

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

Completed Foreclosures (REOs) i

February '24 Feb '24 N/A
January '24 Jan '24 2
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 2
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

Nearby Zip Codes

1. 23501
2. 23502
3. 23503
4. 23504
5. 23505
6. 23507

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