Is Norfolk, VA 23509 a buyer’s or seller’s market?
Norfolk is a seller’s market. With about 1.7 months of supply and 36% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Competition score74/ 100
More competitive than 78% of U.S. ZIP codes, and #73 of 358 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply1.7Under 4 months = seller’s market
Sold above original list35.7%Share of sales, last 3 months
Median sale-to-list99.8%Sold price ÷ list price
Median days on market32Listing to accepted offer
Median price per sq ft$211▲ +7.2% vs. last year
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Nearby markets
Norfolk 23502Seller’s market $209 /sq ftNorfolk 23503Seller’s market $223 /sq ftNorfolk 23504Seller’s market $182 /sq ftNorfolk 23505Seller’s market $221 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology