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How competitive is the Norfolk housing market?
P
Primpted Housing Analyst
Updated monthly · Data through May 2026 · v265
- Sold Score
- 63/100
- YoY Good Chance of Selling
- Pending ratio
- 0.62
- YoY contracts vs active
- Inventory YoY
- -0.1%
- YoY active listings
- Median DOM
- 62
- YoY days on market
- Price cuts
- 35.4%
- YoY of active listings
Norfolk is competitive as of May 2026, with a Sold Score of 63/100 (Good Chance of Selling).
**Pending ratio** is 0.62 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow.
**Inventory change YoY** is -5.8% — fewer choices for buyers than a year ago.
**Median days on market** is 62. Faster than 30 days means buyers are deciding quickly.
**Price-reduction share** is 35.4% of active listings — above 25% signals sellers are widely overshooting list price.
— Live indicators (May 2026): Sold Score: 63/100 (Good Chance of Selling) · Pending ratio: 0.62 · Inventory YoY: -5.8% · Median days on market: 62 · Sellers cutting price: 35.4% · Median listing price: $318,675 (+6.3% YoY)
Norfolk snapshot
As of the latest 2026 data- Median listing
- $319K
- YoY +0.1%
- Active inventory
- 113
- YoY -0.1%
- Median DOM
- 66
- YoY +0.3%
- Pending ratio
- 0.56
- YoY -0.0%
- Price-reduced
- 17.0%
- YoY +0.0%
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