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Norfolk, VA 23503 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Norfolk, VA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.22
ActiveActive listings: 4949PendingPending 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): $365k$365kSoldMedian sold price (last 6 months): $325k$325k
What homes actually sell for in Norfolk, VA
Distribution of 212 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $244k to $375k
$178k to $218k: 27 sales$178k$218k to $258k: 23 sales$258k to $299k: 29 sales$258k$299k to $339k: 30 sales$339k to $379k: 42 sales42sales$339k$379k to $420k: 20 sales$420k to $460k: 12 sales$420k$460k to $500k: 6 salesMedian $325k

What the numbers say

As of October 26, 2026, Resideline is tracking 49 active listings and 11 pending sales in ZIP code 23503. That pending-to-active ratio of 0.22 makes it a faster-moving market: listings are going under contract faster than in most of the ZIP codes Resideline tracks.

The median asking price of current listings is $365,000, while the median of the 212 closed sales Resideline tracked over the last six months was $325,000. 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 72 days.

Frequently asked questions

What is the median home price in 23503?

The median closed sale price in Norfolk, VA 23503 was $325,000 over the last six months, based on 212 closed sales tracked by Resideline. The middle half of those sales ranged from $244,500 to $375,000.

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

Resideline is currently tracking 11 pending sales against 49 active listings in 23503, a pending-to-active ratio of 0.22. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 23503 is currently a faster-moving market.

Nearby ZIP code market data

Full Norfolk, VA housing market report →

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