Updated May 2026 · Redfin · 3-month window
23518 Real Estate Market Update: Norfolk, VA, May 2026
The latest housing-market numbers for ZIP code 23518 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 | $369K | ▲ +3.4% | ▲ +5.1% |
| Days on market | 29 | • 0.0% | • 0.0% |
| Homes for sale | 96 | ▲ +17.1% | ▼ -1.0% |
| Sale-to-list | 99.5% | ▲ +0.3% | ▼ -0.5% |
| Homes sold | 138 | ▲ +3.0% | ▼ -2.8% |
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 23518 numbers say
Prices in Norfolk's 23518 ZIP are still climbing. The median sale price reached $368,500, up 5.1% year over year. Homes here move fast: a typical listing goes under contract in about 29 days, and sellers are getting 99.5% of list price.
Based on 138 recent sales, 23518 is currently an active market.
What this means if you sell in 23518
Use these figures to set expectations early. Lead a listing appointment with the median price and the 29-day pace, show the year-over-year direction, and frame 23518 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 23518 housing market
- What is the median home price in ZIP 23518 (Norfolk, VA)?
- As of May 2026, the median sale price in ZIP 23518 is $368,500 (+5.1% year over year), per the Redfin Data Center. Figures are a rolling 3-month window for this ZIP code.
- Is ZIP 23518 a buyer's or seller's market right now?
- ZIP 23518 is currently an active market, based on a 99.5% sale-to-list ratio, about 29 days on market for May 2026.
- How long do homes take to sell in ZIP 23518?
- A typical listing in 23518 goes under contract in about 29 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 23518 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.