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Norfolk, VA 23503 Real Estate & Property Data

Norfolk, VA 23503 Real Estate Market Trends

Last Updated: April 18, 2024

A total of 574 residential properties have been sold over the past 12 months in 23503. With a median sales price of $285,000 in 23503 and a total of 2 foreclosures in Norfolk, VA 23503. Discover market trends and get the granular level real estate data for Norfolk, VA 23503 to keep your pulse on the housing market. Curate compelling home reports for Norfolk, VA 23503 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Norfolk, VA 23503 Real Estate Market Trends

Get property data for any address in Norfolk, VA 23503 or the country:

Total Residential Properties 8,945

Total Commercial Properties 379

Avg. Home Age (Single Family Home) 67 Years

Avg. Square Feet (Single Family Home) 1,579

Total 2024 Residential Sales (year-to-date) 62

% of Homes Seriously Underwater (Q2 2024) 0.98%

Total 2023 Residential Sales 551

% of Equity Rich Homes (Q2 2024) 29.15%

Effective 2023 Property Tax 1.12%

Total Foreclosure Filings (year-to-date) 3

Norfolk, VA 23503 Real Estate Overview

There were 574 residential properties sold in the past year in Norfolk, VA 23503. The median home value in Norfolk, VA 23503 is $279,407. There are a total of 8,945 residential properties in the 23503.

Median Sales Price i

$285,000

(Feb 2024)

-9.5%

year-over-year

y-o-y

February '24 Feb '24 $285,000
January '24 Jan '24 $315,000
December '23 Dec '23 $355,000
November '23 Nov '23 $349,500
October '23 Oct '23 $358,500
September '23 Sep '23 $295,000
August '23 Aug '23 $300,000
July '23 Jul '23 $322,500
June '23 Jun '23 $306,000
May '23 May '23 $312,500
April '23 Apr '23 $300,000
March '23 Mar '23 $305,000

Median Down Payment i

$60,000

(Feb 2024)

+149.6%

year-over-year

y-o-y

February '24 Feb '24 $60,000
January '24 Jan '24 $34,398
December '23 Dec '23 $36,414
November '23 Nov '23 $65,125
October '23 Oct '23 $38,598
September '23 Sep '23 $40,319
August '23 Aug '23 $45,240
July '23 Jul '23 $74,875
June '23 Jun '23 $40,000
May '23 May '23 $20,825
April '23 Apr '23 $38,125
March '23 Mar '23 $14,760

Number of Homes Sold i

35

(Feb 2024)

-25.5%

year-over-year

y-o-y

February '24 Feb '24 35
January '24 Jan '24 27
December '23 Dec '23 37
November '23 Nov '23 32
October '23 Oct '23 46
September '23 Sep '23 49
August '23 Aug '23 59
July '23 Jul '23 59
June '23 Jun '23 46
May '23 May '23 53
April '23 Apr '23 37
March '23 Mar '23 47

Number of Purchase Loans i

28

(Feb 2024)

-17.6%

year-over-year

y-o-y

February '24 Feb '24 28
January '24 Jan '24 19
December '23 Dec '23 25
November '23 Nov '23 28
October '23 Oct '23 33
September '23 Sep '23 35
August '23 Aug '23 45
July '23 Jul '23 52
June '23 Jun '23 42
May '23 May '23 46
April '23 Apr '23 20
March '23 Mar '23 43

Number of REFI Loans i

12

(Feb 2024)

+71.4%

year-over-year

y-o-y

February '24 Feb '24 12
January '24 Jan '24 13
December '23 Dec '23 9
November '23 Nov '23 12
October '23 Oct '23 10
September '23 Sep '23 15
August '23 Aug '23 18
July '23 Jul '23 9
June '23 Jun '23 15
May '23 May '23 18
April '23 Apr '23 11
March '23 Mar '23 12

Number of HELOC Loans i

8

(Feb 2024)

year-over-year

y-o-y

February '24 Feb '24 8
January '24 Jan '24 5
December '23 Dec '23 10
November '23 Nov '23 8
October '23 Oct '23 4
September '23 Sep '23 9
August '23 Aug '23 8
July '23 Jul '23 5
June '23 Jun '23 6
May '23 May '23 7
April '23 Apr '23 9
March '23 Mar '23 7

Norfolk, VA 23503 Real Estate Market Overview

Last 30 days

Street
Street
Street

1
2
3

Norfolk, VA 23503 Foreclosure Activity

There were a total of 2 Norfolk, VA 23503 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

2

(Feb 2024)

+100%

year-over-year

y-o-y

February '24 Feb '24 2
January '24 Jan '24 1
December '23 Dec '23 1
November '23 Nov '23 N/A
October '23 Oct '23 3
September '23 Sep '23 2
August '23 Aug '23 6
July '23 Jul '23 2
June '23 Jun '23 N/A
May '23 May '23 2
April '23 Apr '23 1
March '23 Mar '23 3

Foreclosure Starts i

2

(Feb 2024)

+100%

year-over-year

y-o-y

February '24 Feb '24 2
January '24 Jan '24 1
December '23 Dec '23 1
November '23 Nov '23 N/A
October '23 Oct '23 3
September '23 Sep '23 2
August '23 Aug '23 6
July '23 Jul '23 2
June '23 Jun '23 N/A
May '23 May '23 2
April '23 Apr '23 1
March '23 Mar '23 3

Completed Foreclosures (REOs) i

February '24 Feb '24 N/A
January '24 Jan '24 N/A
December '23 Dec '23 1
November '23 Nov '23 N/A
October '23 Oct '23 N/A
September '23 Sep '23 N/A
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 1
March '23 Mar '23 1

Nearby Zip Codes

1. 23501
2. 23502
3. 23504
4. 23505
5. 23507
6. 23508

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