Norfolk housing market
September 2026 · All Residences
Norfolk's median sale price rose 28% compared with the same month last year. Homes sold at the same median pace as a year ago, 21 days. Sellers received a median 100% of their final list price.
What this means for sellers
Recent sales are the best guide to pricing. A considered launch usually matters more than timing the market.
What this means for buyers
There is a reasonable selection of homes, giving time to compare options before making an offer.
Key figures
Closed sales: 12 this month · 51 last 3 months · 137 trailing 12 months
Median days on market
21 days
Prior month: 27 days · MoM -22.2%
Last year: 21 days · YoY 0%
Average days on market
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Prior month: — · MoM: —
Last year: — · YoY: —
Cumulative days on market
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Last year: — · YoY: —
Closed sales (month)
12
Prior month: 17 · MoM -29.4%
Last year: 10 · YoY +20%
Median sale price
$974,945
Prior month: $839,000 · MoM +16.2%
Last year: $761,500 · YoY +28%
Average sale price
$993,876
Prior month: $989,909 · MoM +0.4%
Last year: $806,132 · YoY +23.3%
Median price per sq ft
$329
Prior month: $353 · MoM -6.8%
Last year: $373 · YoY -11.8%
New listings
14
Prior month: 10 · MoM +40%
Last year: 21 · YoY -33.3%
Active inventory
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Last year: — · YoY: —
Pending sales
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Months of supply
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Absorption rate
—
Prior month: — · MoM: —
Last year: — · YoY: —
Sale-to-list ratio
100%
Prior month: 100% · MoM 0%
Last year: 102.6% · YoY -2.5%
Sold over asking
—
Prior month: — · MoM: —
Last year: — · YoY: —
With price reductions
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Trends
Median sale price moved from $700,000 in October 2024 to $974,945 in September 2026.
View as table
| Month | Median price |
|---|---|
| October 2024 | $700,000 |
| November 2024 | $815,000 |
| December 2024 | $825,000 |
| January 2025 | $800,162 |
| February 2025 | — |
| March 2025 | $756,000 |
| April 2025 | — |
| May 2025 | $907,500 |
| June 2025 | $855,000 |
| July 2025 | $842,430 |
| August 2025 | $715,000 |
| September 2025 | $761,500 |
| October 2025 | $866,980 |
| November 2025 | $869,565 |
| December 2025 | $785,000 |
| January 2026 | — |
| February 2026 | — |
| March 2026 | — |
| April 2026 | — |
| May 2026 | — |
| June 2026 | $825,000 |
| July 2026 | $885,000 |
| August 2026 | $839,000 |
| September 2026 | $974,945 |
In September 2026: 12 closed sales and 14 new listings.
View as table
| Month | Closed sales | New listings |
|---|---|---|
| October 2024 | 13 | 17 |
| November 2024 | 11 | 5 |
| December 2024 | 15 | 6 |
| January 2025 | 11 | 7 |
| February 2025 | 6 | 15 |
| March 2025 | 11 | 15 |
| April 2025 | 6 | 23 |
| May 2025 | 16 | 27 |
| June 2025 | 19 | 16 |
| July 2025 | 15 | 15 |
| August 2025 | 14 | 10 |
| September 2025 | 10 | 21 |
| October 2025 | 13 | 22 |
| November 2025 | 13 | 8 |
| December 2025 | 17 | 10 |
| January 2026 | 7 | 10 |
| February 2026 | 3 | 4 |
| March 2026 | 4 | 18 |
| April 2026 | 7 | 21 |
| May 2026 | 7 | 26 |
| June 2026 | 15 | 26 |
| July 2026 | 22 | 16 |
| August 2026 | 17 | 10 |
| September 2026 | 12 | 14 |
Days on market moved from 37 in October 2024 to 21 in September 2026.
View as table
| Month | Median days |
|---|---|
| October 2024 | 37 |
| November 2024 | 20 |
| December 2024 | 32 |
| January 2025 | 27 |
| February 2025 | — |
| March 2025 | 24 |
| April 2025 | — |
| May 2025 | 22 |
| June 2025 | 21 |
| July 2025 | 25 |
| August 2025 | 24 |
| September 2025 | 21 |
| October 2025 | 20 |
| November 2025 | 24 |
| December 2025 | 42 |
| January 2026 | — |
| February 2026 | — |
| March 2026 | — |
| April 2026 | — |
| May 2026 | — |
| June 2026 | 19 |
| July 2026 | 21 |
| August 2026 | 27 |
| September 2026 | 21 |
Months of supply: not enough history yet.
View as table
| Month | Months |
|---|---|
| October 2024 | — |
| November 2024 | — |
| December 2024 | — |
| January 2025 | — |
| February 2025 | — |
| March 2025 | — |
| April 2025 | — |
| May 2025 | — |
| June 2025 | — |
| July 2025 | — |
| August 2025 | — |
| September 2025 | — |
| October 2025 | — |
| November 2025 | — |
| December 2025 | — |
| January 2026 | — |
| February 2026 | — |
| March 2026 | — |
| April 2026 | — |
| May 2026 | — |
| June 2026 | — |
| July 2026 | — |
| August 2026 | — |
| September 2026 | — |
Sale-to-list ratio moved from 100% in October 2024 to 100% in September 2026.
View as table
| Month | % of list |
|---|---|
| October 2024 | 100% |
| November 2024 | 100.1% |
| December 2024 | 100% |
| January 2025 | 100% |
| February 2025 | — |
| March 2025 | 98.6% |
| April 2025 | — |
| May 2025 | 101.1% |
| June 2025 | 100% |
| July 2025 | 100% |
| August 2025 | 99.5% |
| September 2025 | 102.6% |
| October 2025 | 100% |
| November 2025 | 100% |
| December 2025 | 98.6% |
| January 2026 | — |
| February 2026 | — |
| March 2026 | — |
| April 2026 | — |
| May 2026 | — |
| June 2026 | 102.5% |
| July 2026 | 100.6% |
| August 2026 | 100% |
| September 2026 | 100% |