Unshakable ZIP Data 23507 | Norfolk, VA Housing Market
Norfolk · Norfolk City · Virginia Beach-Norfolk-Newport News, VA-NC metro · Virginia · Data updated June 19, 2026
The median sale price in ZIP 23507, Norfolk, Virginia is $294,712 at $237 per square foot. 29 single-family homes sold in the latest period, down 19.9 percent from a year earlier. Homes sit a median of 26 days on market with 4.2 months of supply. Sellers are getting 98.5 percent of list price and 17.9 percent of homes sold above asking.
Balanced market.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $589,584 | |
| Average price per sq ft | $474 | |
| Median sale price | $294,712 | |
| Median sale price per sq ft | $237 | |
| Median home size | 1,244 sq ft | |
| Median new listing price | $395,618 | -19.2% |
| National size rank | 12,345 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 29 | -19.9% |
| Median days on market | 26 days | |
| Months of supply | 4.2 months | |
| New listings | 54 | +7.6% |
| Active listings | 72 | +4.2% |
| Pending sales | 41 | -24.9% |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Average sale-to-list ratio | 98.5% | +0.8 pts |
| Share sold above list | 17.9% | -7.1 pts |
Bedroom value anchors
Average values by bedroom count. Value anchors for orientation, not appraisals.
1-bedroom
$181,899
2-bedroom
$256,761
3-bedroom
$460,360
4-bedroom
$633,431
5-bedroom
$758,484
These figures describe the single-family market for Norfolk, Virginia ZIP 23507. They are market context, not a substitute for sold comps or a formal appraisal.