Discover Norfolk, Virginia: Where History Meets Opportunity 🗝

Welcome to Norfolk, a city steeped in maritime heritage and poised for growth. Nestled along the Chesapeake Bay, Norfolk offers a unique blend of historic charm, modern amenities, and real estate opportunities. Whether you’re a prospective homebuyer or a savvy seller, Norfolk beckons with its vibrant neighborhoods and promising investment landscape.

Nautical Allure: Norfolk’s waterfront allure is undeniable. From the bustling harbor to the Elizabeth River, this city thrives on maritime commerce, naval history, and scenic vistas. Imagine living in a place where ships sail past your window and seagulls serenade your morning coffee.

Cultural Canvas: Norfolk celebrates diversity through its arts, music, and culinary scene. The NEON Arts District buzzes with creativity, while the Virginia Opera and Chrysler Museum of Art add sophistication. Foodies relish the local fare, from seafood shacks to upscale bistros.

Military Hub: Home to Naval Station Norfolk, the world’s largest naval base, the city attracts military personnel and defense contractors. The military presence ensures stability and contributes to the local economy.

Real Estate Prospects: Norfolk’s real estate market is dynamic. With a median listing price of $319,000 and a steady 2.9% year-over-year increase1, homes here offer value and potential. Whether you seek a historic gem or a modern condo, Norfolk has options.

Real Estate Market Insights

Median Listing Price (February 2024): $319,000.
Median Price per Square Foot: $199.
Median Sold Price: $300,000.
Sale-to-List Price Ratio: 100%.

City Statistics and Analytics

The 2022 reassessment revealed a 10.24% increase in the total taxable base, driven by residential and apartment properties2.
Norfolk’s real estate market remained robust, with low interest rates fueling home sales.
Industrial properties, especially warehouses, experienced value growth.

Invest in Norfolk TodaY

Whether you’re drawn to historic character, waterfront living, or urban energy, Norfolk invites you to make it your own. Unlock the potential—explore homes in Norfolk now!

Disclaimer: This SEO description is for informational purposes only and may vary with market conditions.

Downtown Norfolk Restaurant Week 2024

Property Search Norfolk, Virginia

In this video, we delve into the current state of the real estate market in Norfolk, Virginia, providing valuable insights backed by data from reputable sources such as the National Association of REALTORS (NAR) and the Virginia Association of REALTORS (VAR). Learn about the dynamics shaping the Norfolk housing market and gain valuable knowledge to navigate your real estate journey effectively. Join me as we analyze key metrics and trends to help you understand the market landscape and make informed decisions. Whether you're a prospective homebuyer, seller, or real estate enthusiast, this video offers valuable insights to guide you in your real estate endeavors.

Don't miss out on this opportunity to stay informed about the 2024 real estate market. Hit the play button now and gain valuable insights into homes in Norfolk, Virginia!

Norfolk, VIRGINIA AREA REAL ESTATE Market REPORT

Download MLS Area Maps of Hampton Roads VIrginia

Search by School District: Norfolk, Va

Real Estate Market Stats: Norfolk, Virginia

Sources:

NAR RPR; Office of the Real Estate Assessor City of Norfolk Annual Report of ...; Property Assessment and Sales - FY23 | Open Data Portal - City of ...; Property Assessment and Sales - FY19 - City of Norfolk Data