In its December 2024 market overview, MyMarketPulse (mymarketpulse.com) highlights the real estate dynamics within Norfolk, Virginia.
December 2024’s data reveals a Median Sale Price of $322,500 for homes in Norfolk. This figure represents a growth of 4.0% month-over-month and a 7.1% year-over-year increase.
The region reported 195 home sales, marking an increase of 3.7% from the prior month, and 27.5% growth year-over-year.
Additionally, the Median Days on Market for listings was observed at 35 days, 2 days longer compared to the previous month and longer by 4 days from last year.
With a Market Pulse Score of 98, 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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