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23502 Housing Market Report June 2025•Norfolk County, Virginia

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Housing Prices in 23502, VA

How much do homes in 23502, VA cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$322,500$197/SqFt
-$2,000
-0.6%

Based on all homes listed in June 2025

Insight

The list price of homes in 23502 has decreased by 0.6% since May.

Summary: The median home list price in 23502 was $322,500 in June 2025, down 0.6% from the previous month, and the median price per square foot was $197.

Median List Price By Zip Codes

Median List Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
23513
+1.7%
23455
+1.2%
23502
-0.6%
23518
-1.2%
23504
-1.8%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2025Jun 2025Change MoM
1$120K$120K
0.0%
2$240K$232.4K
-3.1%
3$312.5K$300K
-4.0%
4$370K$360K
-2.7%
5$599K$499.9K
-16.5%

Summary: 23502 housing price by bedroom type for June 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -3.1%. The home price for 3 bedroom homes decreased by -4.0%. The home price for 4 bedroom homes decreased by -2.7%. The home price for 5 bedroom homes decreased by -16.5%.

How does 23502, VA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

23502, VA

Housing supply in 23502, VA

How many homes are available in 23502, VA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
120Last MonthJun 2025
1122 months agoMay 2025
+7.1 %
Change MoMMay – Jun

Summary: The 23502 real estate market had 120 homes for sale in Jun 2025, a 7.1 % increase compared to May 2025.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMay 2025Jun 2025Change MoM
111
0.0%
276
-14.3%
36361
-3.2%
43642
+16.7%
5510
+100.0%

Summary: 23502 housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -14.3%. The inventory for 3 bedroom homes decreased by -3.2%. The inventory for 4 bedroom homes increased by +16.7%. The inventory for 5 bedroom homes increased by +100.0%.

Asking Price vs. Sold Price

How much do homes in 23502, VA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in 23502, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in 23502 in June 2025, up by 3.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for 23502, VA

How long does it take to sell a home in 23502, VA?

Breakdown of Home Sale Times

Under 30 Days25 Homes

30 – 90 Days2 Homes

Over 90 Days1 Home

Insight

Many homes in 23502 are selling fast, if you're buying plan to act quickly.

Summary: During June 2025, 28 homes were sold in 23502; 89% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
Last Month1 month agoChange MoM
62 DaysLast MonthJun 2025
60 Days1 month agoMay 2025
+4.5 %
Change MoMMay – Jun

Summary: Homes in 23502 had an average listing age of 62 days in Jun 2025, up by 4.5% compared to the previous month.

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Newest Listings in 23502, VA

What homes are available in 23502, VA?

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Nearby markets

Popular Cities with Homes for Sale in Virginia

MLS Disclaimers and Copyright

Based on information from Real Estate Information Network, for the period 05/01/2025 - 07/01/2025

IDXCopyright © 2025 REIN. REIN's listings Data and information is protected under federal copyright laws. Federal law prohibits, among other acts, the unauthorized copying or alteration of, or preparation of derivative works from, all or any part of copyrighted materials, including certain compilations of Data and information. COPYRIGHT VIOLATORS MAY BE SUBJECT TO SEVERE FINES AND PENALTIES UNDER FEDERAL LAW.

The listings data displayed on this medium comes in part from the Real Estate Information Network Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon Data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the Data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent.

Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings, user is advised to verify the accuracy of the listing information before making any financial decisions.
This application does not include information on all of the properties available for sale at this time.

Some of these listings contain enhanced listing information including mapping from sources such as Google, Bing, Microsoft, Yahoo, WalkScore and others.

REIN updates its listings on a daily basis.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/24/2025, 2:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.