Norfolk, VA Housing Market Brief
county · VA · as of May 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 Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
Norfolk, VA housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $341K | ▲ +4.9% |
| Median Days on Market | 24 days | ▼ -14.3% |
| Months of Supply | 2.3 | ▲ +21.1% |
| Homes for Sale | 651 | ▲ +1.7% |
| Homes Sold | 286 | ▼ -13.1% |
| Median Price / Sq Ft | $210 | ▲ +0.4% |
| Sale-to-List Ratio | 100.0% | ▲ +0.4% |
How has Norfolk, VA’s Alpha Score moved?
Markets like Norfolk, VA
- Virginia Beach, VA, VAcounty48
- Providence County, RI, RIcounty47
- Washtenaw County, MI, MIcounty46
- Hampshire County, MA, MAcounty45
- Bristol County, RI, RIcounty43
- Prince William County, VA, VAcounty44
- Fauquier County, VA, VAcounty47
- Grand Traverse County, MI, MIcounty46
- Plymouth County, MA, MAcounty41
- Cook County, IL, ILcounty51
Frequently asked questions
Is Norfolk, VA a buyer's or seller's market?
As of May 2026, Norfolk, VA is classified as a Balanced Market, based on its Alpha Score of 45 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 $341K, having risen 4.9% over the past year.
How affordable is Norfolk, VA?
Norfolk, VA scores 12 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 Price Momentum (70/100) and its weakest is Affordability (12/100). 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.