Updated May 2026 · Redfin · 3-month window
23507 Real Estate Market Update: Norfolk, VA, May 2026
The latest housing-market numbers for ZIP code 23507 in Norfolk, Virginia, for May 2026, from the Redfin Data Center. ZIP-level figures are a rolling three-month window.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $295K | ▼ -17.2% | ▼ -33.1% |
| Days on market | 28 | ▲ +1.9% | ▼ -11.3% |
| Homes for sale | 38 | ▲ +8.6% | ▲ +58.3% |
| Sale-to-list | 98.5% | ▲ +0.2% | ▲ +0.8% |
| Homes sold | 29 | ▲ +11.5% | ▼ -19.4% |
Figures from the Redfin Data Center ZIP-code tracker (rolling 3-month window, not seasonally adjusted). Verify against your MLS before posting. Not a valuation for a specific home.
What the 23507 numbers say
The 23507 ZIP in Norfolk is cooling. The median sale price sits at $294,800, 33.1% below last year. Homes here move fast: a typical listing goes under contract in about 28 days, and sellers are getting 98.5% of list price.
Based on 29 recent sales, 23507 is currently an active market.
What this means if you sell in 23507
Use these figures to set expectations early. Lead a listing appointment with the median price and the 28-day pace, show the year-over-year direction, and frame 23507 as an active market. Buyers and sellers trust an agent who knows their exact ZIP, not just the metro average.
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Build the Norfolk post →Frequently asked: the 23507 housing market
- What is the median home price in ZIP 23507 (Norfolk, VA)?
- As of May 2026, the median sale price in ZIP 23507 is $294,800 (-33.1% year over year), per the Redfin Data Center. Figures are a rolling 3-month window for this ZIP code.
- Is ZIP 23507 a buyer's or seller's market right now?
- ZIP 23507 is currently an active market, based on a 98.5% sale-to-list ratio, about 28 days on market for May 2026.
- How long do homes take to sell in ZIP 23507?
- A typical listing in 23507 goes under contract in about 28 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 23507 market data come from?
- All figures come from the Redfin Data Center ZIP-code market tracker, a rolling 3-month window refreshed monthly. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Redfin.
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Data: Redfin · Redfin Data Center (ZIP-code market tracker). Figures are a ZIP-level 3-month snapshot, not a valuation for a specific home.