Norfolk, VA Housing Market Brief
county · VA · score computed October 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.
Population band 5 of 5 (population 103,008–9,808,667) · comparable within its band
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.
What’s the forecast for Norfolk, VA?
County-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.
Norfolk, VA housing market data
| Metric | Value | YoY | Source |
|---|---|---|---|
| Median Sale Price | $332K | ▲ +3.7% | Redfin |
| Median Days on Market | 34 days | ▲ +6.3% | Redfin |
| Months of Supply | 2.4 | ▼ -17.2% | Redfin |
| Homes for Sale | 659 | ▼ -5.9% | Redfin |
| Homes Sold | 274 | ▲ +12.8% | Redfin |
| Median Price / Sq Ft | $213 | ▲ +0.2% | Redfin |
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?
In the scores computed October 2026, Norfolk, VA is classified as a Buyer's Market, based on its Alpha Score of 39 out of 100. The classification reflects current price, building, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Norfolk, VA?
The median sale price in Norfolk, VA is $332K, having risen 3.7% over the past year, according to Redfin.
How affordable is Norfolk, VA?
Norfolk, VA scores 13 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 (63/100) and its weakest is Affordability (13/100). 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.