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Norfolk, VA 23502 Real Estate & Property Data

Norfolk, VA 23502 Real Estate Market Trends

Last Updated: September 20, 2025

A total of 352 residential properties have been sold over the past 12 months in 23502. With a median sales price of $310,000 in 23502 and a total of 6 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.

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Total Residential Properties 5,810

Total Commercial Properties 650

Avg. Home Age (Single Family Home) 62 Years

Avg. Square Feet (Single Family Home) 1,675

Total 2025 Residential Sales (year-to-date) 189

% of Homes Seriously Underwater (Q3 2025) 1.13%

Total 2024 Residential Sales 318

% of Equity Rich Homes (Q3 2025) 34.59%

Effective 2024 Property Tax 1.07%

Total Foreclosure Filings (year-to-date) 17

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Norfolk, VA 23502 Real Estate Overview

There were 352 residential properties sold in the past year in Norfolk, VA 23502. The median home value in Norfolk, VA 23502 is $308,462. There are a total of 5,810 residential properties in the 23502.

Median Sales Price i

$310,000

(Jul 2025)

-7.2%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

July '25 Jul '25 $310,000
June '25 Jun '25 $314,112
May '25 May '25 $310,000
April '25 Apr '25 $341,500
March '25 Mar '25 $328,000
February '25 Feb '25 $291,000
January '25 Jan '25 $315,485
December '24 Dec '24 $285,000
November '24 Nov '24 $307,500
October '24 Oct '24 $320,000
September '24 Sep '24 $307,500
August '24 Aug '24 $294,000

Median Down Payment i

$14,250

(Jul 2025)

-80.5%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

July '25 Jul '25 $14,250
June '25 Jun '25 $17,750
May '25 May '25 $15,000
April '25 Apr '25 $9,000
March '25 Mar '25 $18,000
February '25 Feb '25 $27,789
January '25 Jan '25 $34,250
December '24 Dec '24 $17,747
November '24 Nov '24 $26,441
October '24 Oct '24 $10,000
September '24 Sep '24 $6,973
August '24 Aug '24 $39,281

Number of Homes Sold i

(Jul 2025)

-12.9%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

July '25 Jul '25 27
June '25 Jun '25 36
May '25 May '25 33
April '25 Apr '25 27
March '25 Mar '25 26
February '25 Feb '25 24
January '25 Jan '25 16
December '24 Dec '24 32
November '24 Nov '24 22
October '24 Oct '24 28
September '24 Sep '24 20
August '24 Aug '24 30

Number of Purchase Loans i

(Jul 2025)

-31%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

July '25 Jul '25 20
June '25 Jun '25 30
May '25 May '25 27
April '25 Apr '25 22
March '25 Mar '25 24
February '25 Feb '25 23
January '25 Jan '25 16
December '24 Dec '24 27
November '24 Nov '24 19
October '24 Oct '24 24
September '24 Sep '24 14
August '24 Aug '24 25

Number of REFI Loans i

(Jul 2025)

+25%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

July '25 Jul '25 20
June '25 Jun '25 16
May '25 May '25 17
April '25 Apr '25 30
March '25 Mar '25 10
February '25 Feb '25 11
January '25 Jan '25 20
December '24 Dec '24 18
November '24 Nov '24 17
October '24 Oct '24 25
September '24 Sep '24 13
August '24 Aug '24 23

Number of HELOC Loans i

(Jul 2025)

+50%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

July '25 Jul '25 6
June '25 Jun '25 6
May '25 May '25 8
April '25 Apr '25 6
March '25 Mar '25 9
February '25 Feb '25 4
January '25 Jan '25 6
December '24 Dec '24 4
November '24 Nov '24 5
October '24 Oct '24 6
September '24 Sep '24 4
August '24 Aug '24 9

Norfolk, VA 23502 Real Estate Market Overview

Last 30 days

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Norfolk, VA 23502 Foreclosure Activity

There were a total of 6 Norfolk, VA 23502 properties with a foreclosure filing in July 2025. Lenders started the foreclosure process on 6 Norfolk, VA 23502 properties and repossessed 1 Norfolk, VA 23502 properties through completed foreclosures (REOs) in July 2025.

Total Foreclosure Filings i

(Jul 2025)

List Graph

1 year 3 years

5 years