MyMarketPulse (mymarketpulse.com) recently disclosed its February 2024 findings on the housing market conditions in Norfolk, Virginia.
As of 2/2024, Norfolk had a Median Sale Price of $300,000, which was unchanged from the previous month and up 1.70% from the prior year.
Sales of homes in the region saw 174 homes changing hands. This represents an increase of 1.80% from the month before and down 10.80% compared to the same month last year.
Homes remained on the market for a median of 42 days, which is down 1 day from the month before and up 13 days from the previous year.
With the Market Pulse Score sitting at 91, the trend in Norfolk’s housing market seems to be falling.
For more information about the Norfolk, Virginia market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
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