In its January 2025 market overview, MyMarketPulse (mymarketpulse.com) highlights the real estate dynamics within Norfolk, Virginia.
The report shows that the Median Sale Price in Norfolk reached $312,450 as of January 2025, marking a decrease of 3.1% over the previous month and a 4.2% rise compared to a year ago.
The area witnessed the sale of 134 homes during this period, which is a 32.0% decrease from the preceding month and a decrease of 21.2% compared to the same timeframe last year.
Furthermore, homes in Norfolk were on the market for an average of 47 days before selling, reflecting an increase of 12 days days month-over-month and an increase of 2 days day year-over-year.
With a Market Pulse Score of 91, the analysis suggests a falling trend in Norfolk’s housing market momentum.
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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