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Norfolk Market Report

Current conditions across 254 active for-sale listings and 18 rentals in Norfolk. Figures below are from live MLS® inventory and reflect asking prices.

Active for sale
254
listings on market
Median asking
$749,000
all property types
Avg. days on market
22
balanced market
Median rent
$2,000/mo
18 rentals available

By property type

Norfolk asking prices by property type
Property typeListingsMedian askingAvg. $/sq ftAvg. DOM
Detached63$799,000$58621
Vacant land11$595,000$88121
Condo townhouse5$569,900$45523
Townhouse3$529,000$49914
Semi-detached3$599,900$43731
Retail2$799,900$16912
Multiplex2$649,900$44521
Business for sale2$799,000$15445
Other1$999,900$4002
Multi-unit / investment1$579,000$3869
Office1$399,900$46113
Condo apartment1$399,900$40026
Industrial1$1,050,000$16139

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

What this means

Norfolk is running close to balanced at an average of 22 days on market. Buyers generally have room to see a property twice and negotiate conditions; sellers need correct pricing rather than aspirational pricing.

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.

Newest listings in Norfolk