What the Pros Know

230,930

Population

0.7% YoY

2023

30.6

Median Age

1% YoY

2022

$60,998

Median Household Income

8.5% YoY

2022

114,019

Labor Force

1.2% MoM

0.1% YoY

8/2024

109,410

Employed

1.6% MoM

0.4% YoY

8/2024

4.0%

Unemployment Rate

8.1% MoM

11.1% YoY

8/2024

$315,000

Median Sale Price

1.8% MoM

5.0% YoY

8/2024

231

Homes Sold

0.4% MoM

2.7% YoY

8/2024

1.6

Months Inventory

10% MoM

4.2% YoY

8/2024

26

Days on Market

1 MoM

1 YoY

8/2024

368

Listings

1.4% MoM

7.6% YoY

8/2024

100.4%

Sale Price to List Price

0.2% MoM

0.1% YoY

8/2024

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Cities included in Norfolk: Norfolk


Zip Codes included in Norfolk: [Click for zip code level data] 23502, 23503, 23504, 23505, 23507, 23508, 23509, 23510, 23511, 23513, 23517, 23518, 23523, 23551


 1.  Population Data from U.S. Census Bureau.
 2.  Employment Data from Bureau of Labor and Statistics
 3.  Sales Data provided by Redfin, a national real estate brokerage.

MoM = Month over Month. The percentage change from the previous month to the current month.
YoY = Year over Year. The percentage change from the same period the previous year to the current period.

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