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Norfolk, VA 23503 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Norfolk, VA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.23
ActiveActive listings: 4848PendingPending sales: 1111
Norfolk, VA: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $297k$297kSoldMedian sold price (last 6 months): $326k$326k
What homes actually sell for in Norfolk, VA
Distribution of 220 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $248k to $375k
$175k to $216k: 25 sales$175k$216k to $256k: 25 sales$256k to $297k: 28 sales$256k$297k to $338k: 33 sales$338k to $378k: 45 sales45sales$338k$378k to $419k: 19 sales$419k to $459k: 16 sales$419k$459k to $500k: 6 salesMedian $326k

What the numbers say

As of September 14, 2026, Resideline is tracking 48 active listings and 11 pending sales in ZIP code 23503. That pending-to-active ratio of 0.23 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $297,000, while the median of the 220 closed sales Resideline tracked over the last six months was $326,400. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 23503 for 65 days.

Frequently asked questions

What is the median home price in 23503?

The median closed sale price in Norfolk, VA 23503 was $326,400 over the last six months, based on 220 closed sales tracked by Resideline. The middle half of those sales ranged from $247,990 to $375,000.

Is 23503 a buyer's or seller's market?

Resideline is currently tracking 11 pending sales against 48 active listings in 23503, a pending-to-active ratio of 0.23. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 23503 currently looks like a balanced market.

Nearby ZIP code market data

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