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Norfolk, VA 23518 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: 0.05
ActiveActive listings: 3939PendingPending sales: 22
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): $445k$445kSoldMedian sold price (last 6 months): $375k$375k
What homes actually sell for in Norfolk, VA
Distribution of 249 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $289k to $545k
$182k to $297k: 53 sales$182k$297k to $412k: 85 sales85sales$412k to $526k: 33 sales$412k$526k to $641k: 23 sales$641k to $756k: 13 sales$641k$756k to $870k: 10 sales$870k to $985k: 4 sales$870k$985k to $1.1M: 2 salesMedian $375k

What the numbers say

As of October 26, 2026, Resideline is tracking 39 active listings and 2 pending sales in ZIP code 23518. That pending-to-active ratio of 0.05 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $445,000, while the median of the 249 closed sales Resideline tracked over the last six months was $375,000. 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 23518 for 67 days.

Frequently asked questions

What is the median home price in 23518?

The median closed sale price in Norfolk, VA 23518 was $375,000 over the last six months, based on 249 closed sales tracked by Resideline. The middle half of those sales ranged from $289,256 to $545,000.

Is 23518 a buyer's or seller's market?

Resideline is currently tracking 2 pending sales against 39 active listings in 23518, a pending-to-active ratio of 0.05. 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, 23518 is currently a typical-pace market.

Nearby ZIP code market data

Full Norfolk, VA housing market report →

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