Norfolk, NE metro area Housing Market Brief
metro · NE · score computed October 2026
What is Norfolk, NE metro area’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 2 of 5 (population 37,900–58,725) · comparable within its band
Where is Norfolk, NE metro area in its market cycle?
Norfolk, NE metro area is classified as Growing — strengthening, with scores rising over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Norfolk, NE metro area?
Metro-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, NE metro area housing market data
| Metric | Value | YoY | Source |
|---|---|---|---|
| Median Sale Price | $235K | ▼ -9.1% | Redfin |
| Median Days on Market | 36 days | ▲ +20% | Redfin |
| Months of Supply | 4.4 | ▲ +7.3% | Redfin |
| Homes for Sale | 136 | ▲ +17.2% | Redfin |
| Homes Sold | 31 | ▲ +10.7% | Redfin |
| Median Price / Sq Ft | $129 | ▼ -5.5% | Redfin |
How has Norfolk, NE metro area’s Alpha Score moved?
Markets like Norfolk, NE metro area
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- Minot, ND metro area, NDmetro56
- Central City, KY metro area, KYmetro
- Bloomsburg, PA metro area, PAmetro56
- Toccoa, GA metro area, GAmetro50
- Zanesville, OH metro area, OHmetro49
- Lebanon, MO metro area, MOmetro56
- Point Pleasant, WV metro area, WVmetro
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Frequently asked questions
Is Norfolk, NE metro area a buyer's or seller's market?
In the scores computed October 2026, Norfolk, NE metro area is classified as a Balanced Market, based on its Alpha Score of 53 out of 100. It is based on the 4 of five dimensions we can measure for this market — building, affordability, economic, and rental-yield — whose weights are scaled up to cover the whole score. The rest are not measured here and are left out rather than filled in with a placeholder.
Are home prices rising or falling in Norfolk, NE metro area?
The median sale price in Norfolk, NE metro area is $235K, having fallen 9.1% over the past year, according to Redfin.
How affordable is Norfolk, NE metro area?
Norfolk, NE metro area scores 56 out of 100 on affordability — moderately affordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Norfolk, NE metro area's Alpha Score?
Norfolk, NE metro area's strongest dimension is Economic Strength (62/100) and its weakest is Rental Yield (41/100). The Alpha Score is a weighted blend of five dimensions; 4 of them have data for this market.
Want the live, interactive view of Norfolk, NE metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.