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Homes for Sale in Norfolk, VA: $400,000 to $500,000

87 homes for sale in Norfolk, VA from $400,000 to $500,000, plus 5 lots, from REIN MLS · Listing data as of Sep 16, 2:10 PM ET (syncs every 2 minutes)

87 homes and 5 lots are for sale in Norfolk from $400,000 to $500,000 today, at a median list price of $445,000. The typical home has 4 bedrooms and about 2,100 sq ft, and was built in 1989.

Tom & Dariya Milan, RealtorsBrokered by LPT Realty · Call or text (757) 777-7577

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Source: REIN MLS. These figures include lots and exclude homes under contract.

Shop byShop Norfolk homes byUnder $200K 47$200K–$300K 182$300K–$400K 176$500K–$750K 86Over $750K 44Condos & townhomes 145New construction 51Waterfront 84Land & lots 22On this pageMarketContactFAQ

87 Norfolk homes and 5 lots for sale in this price range right now

(+43 under contract)
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Showing 1–60 of 135

Homes for sale are listed first, newest listings first; homes under contract follow.

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Changes daily

Price cuts this week: Norfolk homes from $400,000 to $500,000

Price reduced (29)

29 of 92 listings for sale have had a price cut.

Price ranges

Norfolk, VA homes for sale by price range

Medians of active REIN MLS listings, September 16, 2026. Lots and land are counted separately and left out of the typical beds, size and year built. Est. payment is principal and interest only, 30-year fixed at 6.65% (an assumption, not a quote) with 20% down; taxes, insurance and HOA fees are extra. Estimates are for informational purposes only and do not constitute a loan offer or pre-approval. Compare local lenders: Hampton Roads lenders.
Price rangeHomes for saleTypical bedsTypical sizeTypical year builtEst. P&I / moListings
Under $200K37+10 lots2973 sqft1952Est. payment up to $1,027/moSee all 47 listings →
$200K–$300K176+6 lots31,219 sqft1950Est. payment $1,284/moSee all 182 listings →
$300K–$400K17631,592 sqft1954Est. payment $1,798/moSee 176 homes →
$400K–$500K87+5 lots42,100 sqft1989Est. payment $2,311/moShown on this page
$500K–$750K8642,486 sqft1986Est. payment $3,210/moSee 86 homes →
Over $750K43+1 lot43,332 sqft1985Est. payment from $3,852/moSee all 44 listings →

Market snapshot

Norfolk homes from $400,000 to $500,000: market snapshot, September 2026

Of the 92 listings for sale in Norfolk from $400,000 to $500,000, 29 (32%) have had a price cut, and another 43 are under contract. The median active listing has been on the market 26 days (REIN).

For sale now

Median price per sq ft
$216
Under contract
43
With a price cut
2932% of homes for sale

Recently sold

Homes sold
225
Median sold price
$450,000
Median days on market (REIN)
16 days
Median sold price per sq ft
$210

Closed sales from REIN MLS, March 2026 – August 2026.

Norfolk housing market trends →Norfolk market report PDF →

Data: REIN MLS, September 16, 2026.

Tom and Dariya Milan

Your agents

Your Norfolk real estate agents: Tom & Dariya Milan

Tom & Dariya Milan, Realtors

Brokered by LPT Realty

We are Tom and Dariya Milan, a husband-and-wife team of licensed real estate agents in Virginia, serving Hampton Roads since 2005. Our office is at Town Center in Virginia Beach, and we are members of REIN MLS, the listing service behind every home on this page. In Norfolk our work takes us across Ghent, Ocean View, Larchmont, Wards Corner, Downtown and Colonial Place. Call or text us about any Norfolk home on REIN MLS, or ask for a private showing.

Office: 249 Central Park Ave Ste 300-220, Virginia Beach, VA 23462

Call or text (757) 777-7577

What's my Norfolk home worth? →About Tom & Dariya →

FAQ

Homes for sale in Norfolk, VA from $400,000 to $500,000: FAQ

How many homes are for sale in Norfolk, VA from $400,000 to $500,000?

As of September 16, 2026, REIN MLS shows 87 homes for sale in Norfolk from $400,000 to $500,000, plus 5 lots. Another 43 listings are under contract. Of the 92 listings for sale, 9 have been listed since September 10 and 29 have had a price cut.

All Norfolk homes for sale →

What do homes from $400,000 to $500,000 in Norfolk look like?

The median list price of the 92 listings for sale in Norfolk from $400,000 to $500,000, 5 lots included, is $445,000 as of September 16, 2026. The typical home has 4 bedrooms and about 2,100 sq ft, and was built in 1989. The median list price per square foot is $216.

Norfolk housing market trends →

How fast do homes from $400,000 to $500,000 sell in Norfolk?

From March 2026 through August 2026, 225 homes in Norfolk sold from $400,000 to $500,000 on REIN MLS, at a median sold price of $450,000. The median closed sale was on the market 16 days (REIN).

Market snapshot and recent sales →

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