Norfolk, VA 23504 Real Estate & Property Data

Norfolk, VA 23504 Real Estate Market Trends
Last Updated: April 26, 2024

A total of 318 residential properties have been sold over the past 12 months in 23504. With a median sales price of $275,000 in 23504 and a total of 4 foreclosures in Norfolk, VA 23504. Discover market trends and get the granular level real estate data for Norfolk, VA 23504 to keep your pulse on the housing market. Curate compelling home reports for Norfolk, VA 23504 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Norfolk, VA 23504 Real Estate Market Trends
Total Residential Properties 4,874
Total Commercial Properties 375
Avg. Home Age (Single Family Home) 58 Years
Avg. Square Feet (Single Family Home) 1,647
Total 2024 Residential Sales (year-to-date) 40
% of Homes Seriously Underwater (Q2 2024) 1.46%
Total 2023 Residential Sales 297
% of Equity Rich Homes (Q2 2024) 26.58%
Effective 2023 Property Tax 1.1%
Total Foreclosure Filings (year-to-date) 8
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Norfolk, VA 23504 Real Estate Overview

There were 318 residential properties sold in the past year in Norfolk, VA 23504. The median home value in Norfolk, VA 23504 is $253,999. There are a total of 4,874 residential properties in the 23504.

Median Sales Price i
$275,000
(Feb 2024)
+39.2%
year-over-year
y-o-y
  • February '24 Feb '24 $275,000
  • January '24 Jan '24 $259,950
  • December '23 Dec '23 $271,250
  • November '23 Nov '23 $280,000
  • October '23 Oct '23 $245,000
  • September '23 Sep '23 $170,900
  • August '23 Aug '23 $266,000
  • July '23 Jul '23 $244,500
  • June '23 Jun '23 $269,944
  • May '23 May '23 $270,000
  • April '23 Apr '23 $242,000
  • March '23 Mar '23 $218,000
Median Down Payment i
  • February '24 Feb '24 N/A
  • January '24 Jan '24 $10,000
  • December '23 Dec '23 $87,500
  • November '23 Nov '23 N/A
  • October '23 Oct '23 $9,219
  • September '23 Sep '23 $51,000
  • August '23 Aug '23 $14,829
  • July '23 Jul '23 $28,400
  • June '23 Jun '23 $27,769
  • May '23 May '23 $7,155
  • April '23 Apr '23 $7,515
  • March '23 Mar '23 $8,309
Number of Homes Sold i
17
(Feb 2024)
-5.6%
year-over-year
y-o-y
  • February '24 Feb '24 17
  • January '24 Jan '24 23
  • December '23 Dec '23 18
  • November '23 Nov '23 10
  • October '23 Oct '23 27
  • September '23 Sep '23 23
  • August '23 Aug '23 32
  • July '23 Jul '23 35
  • June '23 Jun '23 32
  • May '23 May '23 23
  • April '23 Apr '23 31
  • March '23 Mar '23 29
Number of Purchase Loans i
16
(Feb 2024)
+14.3%
year-over-year
y-o-y
  • February '24 Feb '24 16
  • January '24 Jan '24 19
  • December '23 Dec '23 12
  • November '23 Nov '23 9
  • October '23 Oct '23 16
  • September '23 Sep '23 14
  • August '23 Aug '23 25
  • July '23 Jul '23 33
  • June '23 Jun '23 28
  • May '23 May '23 18
  • April '23 Apr '23 28
  • March '23 Mar '23 24
Number of REFI Loans i
9
(Feb 2024)
year-over-year
y-o-y
  • February '24 Feb '24 9
  • January '24 Jan '24 14
  • December '23 Dec '23 6
  • November '23 Nov '23 11
  • October '23 Oct '23 5
  • September '23 Sep '23 8
  • August '23 Aug '23 15
  • July '23 Jul '23 17
  • June '23 Jun '23 13
  • May '23 May '23 16
  • April '23 Apr '23 12
  • March '23 Mar '23 16
Number of HELOC Loans i
3
(Feb 2024)
+200%
year-over-year
y-o-y
  • February '24 Feb '24 3
  • January '24 Jan '24 1
  • December '23 Dec '23 3
  • November '23 Nov '23 2
  • October '23 Oct '23 4
  • September '23 Sep '23 2
  • August '23 Aug '23 6
  • July '23 Jul '23 6
  • June '23 Jun '23 1
  • May '23 May '23 4
  • April '23 Apr '23 3
  • March '23 Mar '23 10

Norfolk, VA 23504 Foreclosure Activity

There were a total of 4 Norfolk, VA 23504 properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 4 Norfolk, VA 23504 properties and repossessed 1 Norfolk, VA 23504 properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
4
(Feb 2024)
year-over-year
y-o-y
  • February '24 Feb '24 4
  • January '24 Jan '24 4
  • December '23 Dec '23 3
  • November '23 Nov '23 3
  • October '23 Oct '23 2
  • September '23 Sep '23 5
  • August '23 Aug '23 5
  • July '23 Jul '23 5
  • June '23 Jun '23 7
  • May '23 May '23 4
  • April '23 Apr '23 1
  • March '23 Mar '23 N/A
Foreclosure Starts i
4
(Feb 2024)
year-over-year
y-o-y
  • February '24 Feb '24 4
  • January '24 Jan '24 4
  • December '23 Dec '23 3
  • November '23 Nov '23 3
  • October '23 Oct '23 2
  • September '23 Sep '23 5
  • August '23 Aug '23 5
  • July '23 Jul '23 5
  • June '23 Jun '23 7
  • May '23 May '23 4
  • April '23 Apr '23 1
  • March '23 Mar '23 N/A
Completed Foreclosures (REOs) i
1
(Feb 2024)
-50%
year-over-year
y-o-y
  • February '24 Feb '24 1
  • January '24 Jan '24 1
  • December '23 Dec '23 N/A
  • November '23 Nov '23 2
  • October '23 Oct '23 2
  • September '23 Sep '23 1
  • August '23 Aug '23 N/A
  • July '23 Jul '23 N/A
  • June '23 Jun '23 N/A
  • May '23 May '23 N/A
  • April '23 Apr '23 2
  • March '23 Mar '23 2
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