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Norfolk Market Report

Current conditions across 400 active for-sale listings and 28 rentals in Norfolk. Figures below are from live MLS® inventory and reflect asking prices.

Active for sale
400
listings on market
Median asking
$659,000
all property types
On market 30+ days
72%
288 of 400 listings
Median rent
$1,600/mo
28 rentals available

By property type

Norfolk asking prices by property type
Property typeListingsMedian askingAvg. $/sq ft
Detached234$675,800$609
Vacant land74$1,732,500$1,214
Retail19$599,900$251
Townhouse13$484,900$500
Condo townhouse14$599,000$433
Multiplex9$399,900$270
Business for sale5$1,990,000$159
Condo apartment7$574,000$367
Semi-detached7$485,000$371
Office4$569,000$129
Multi-unit / investment3$999,999$83

Based on active listings only. Closed sale prices and sale-to-list ratios are VOW data, available to registered users.

What this means

Norfolk currently has 400 active for-sale listings and 28 rentals on the board. Of 400 active listings in Norfolk, 288 (72%) have been on the market more than 30 days, 177 more than 60, and 125 more than 90. These are counts from the board, not estimates from a sample. The asking-price figures above are drawn from live inventory.

Remember that a city-wide figure hides a lot. Port Dover and Waterford can behave completely differently in the same month, and condo and detached segments frequently diverge. For a decision that matters, use the numbers for your specific property type in your specific pocket.

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