Norfolk, VA Housing Market Brief
county · VA · as of August 2026
What is Norfolk, VA’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Norfolk, VA in its market cycle?
Norfolk, VA is classified as Mature — holding near a healthy peak. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Norfolk, VA?
Our model forecasts Norfolk, VA’s home prices to rise about 2.3% over the next 12 months (high confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Norfolk, VA housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $329K | ▼ -1.8% |
| Median Days on Market | 27 days | ▲ +12.5% |
| Months of Supply | 2.3 | ▼ -8% |
| Homes for Sale | 680 | ▼ -2.2% |
| Homes Sold | 303 | ▲ +7.5% |
| Median Price / Sq Ft | $216 | ▼ -1% |
How has Norfolk, VA’s Alpha Score moved?
Markets like Norfolk, VA
Frequently asked questions
Is Norfolk, VA a buyer's or seller's market?
As of August 2026, Norfolk, VA is classified as a Balanced Market, based on its Alpha Score of 51 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Norfolk, VA?
The median sale price in Norfolk, VA is $329K, having fallen 1.8% over the past year.
How affordable is Norfolk, VA?
Norfolk, VA scores 29 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other counties.
What's driving Norfolk, VA's Alpha Score?
Norfolk, VA's strongest dimension is Rental Yield (81/100) and its weakest is Affordability (29/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Norfolk, VA? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.