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Homes for Sale in Norfolk, VA Under $200,000

41 homes for sale in Norfolk, VA under $200,000, plus 17 lots, from REIN MLS · Listing data as of Nov 12, 6:10 PM ET (syncs every 2 minutes)

41 homes are for sale in Norfolk under $200,000 today, at a median list price of $180,000. The typical one has 2 bedrooms and about 1,050 sq ft, and was built in 1953.

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

All Norfolk homes for sale →

Source: REIN MLS. For sale now and days on market include lots; median list price and new this week are for homes only. Homes under contract are excluded.

41 Norfolk homes and 17 lots for sale in this price range right now

(+51 under contract)
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Homes for sale are listed first, newest listings first; homes under contract follow.

Price ranges

Norfolk, VA homes for sale by price range

Medians of active REIN MLS listings, November 12, 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 $200K41+17 lots21,050 sqft1953Est. payment up to $1,027/moShown on this page
$200K–$300K183+5 lots31,176 sqft1951Est. payment $1,284/moSee all 188 listings →
$300K–$400K21631,600 sqft1953Est. payment $1,798/moSee 216 homes →
$400K–$500K102+5 lots42,157 sqft2003Est. payment $2,311/moSee all 107 listings →
$500K–$750K8242,530 sqft1991Est. payment $3,210/moSee 82 homes →
Over $750K51+2 lots43,233 sqft1984Est. payment from $3,852/moSee all 53 listings →

Market snapshot

Norfolk homes under $200,000: market snapshot, November 2026

Of the 58 listings for sale in Norfolk under $200,000, 19 (33%) have had a price cut, and another 51 are under contract. The median active listing has been on the market 20 days (REIN).

For sale now

Median price per sq ft
$151
Under contract
51
With a price cut
1933% of homes for sale

Recently sold

Homes sold
191
Median sold price
$165,000
Median days on market (REIN)
24 days
Median sold price per sq ft
$152

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

Norfolk housing market trends →Norfolk market report PDF →

Data: REIN MLS, November 12, 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 under $200,000: FAQ

How many homes are for sale in Norfolk, VA under $200,000?

As of November 12, 2026, REIN MLS shows 41 homes for sale in Norfolk under $200,000, plus 17 lots. Another 51 listings are under contract. Of the 58 listings for sale, 2 have been listed since November 6 and 19 have had a price cut.

All Norfolk homes for sale →

What do homes under $200,000 in Norfolk look like?

The median list price of the 41 homes for sale in Norfolk under $200,000 is $180,000 as of November 12, 2026. The typical home has 2 bedrooms and about 1,050 sq ft, and was built in 1953. The median list price per square foot is $151.

Norfolk housing market trends →

How fast do homes under $200,000 sell in Norfolk?

From March 2026 through October 2026, 191 homes in Norfolk sold under $200,000 on REIN MLS, at a median sold price of $165,000. The median closed sale was on the market 24 days (REIN).

Market snapshot and recent sales →