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

42 homes for sale in Norfolk, VA under $200,000, plus 16 lots, from REIN MLS · Listing data as of Oct 23, 11:10 AM ET (syncs every 2 minutes)

42 homes are for sale in Norfolk under $200,000 today, at a median list price of $178,450. The typical one has 2 bedrooms and about 1,106 sq ft, and was built in 1949.

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

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For sale now58
Median list price$178,450
New this week2
Median days on market (REIN, active listings)14 days

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.

Shop byShop Norfolk homes by$200K–$300K 178 $300K–$400K 213 $400K–$500K 101 $500K–$750K 85 Over $750K 48 Condos & townhomes 146 New construction 57 Waterfront 93 Land & lots 28On this pageMarket Contact FAQ

42 Norfolk homes and 16 lots for sale in this price range right now

(+49 under contract)

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Showing 1–60 of 107

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, October 23, 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 range	Homes for sale	Typical beds	Typical size	Typical year built	Est. P&I / mo	Listings
Under $200K	42+16 lots	2	1,106 sqft	1949	Est. payment up to $1,027/mo	Shown on this page
$200K–$300K	173+5 lots	3	1,222 sqft	1953	Est. payment $1,284/mo	See all 178 listings →
$300K–$400K	213	3	1,623 sqft	1954	Est. payment $1,798/mo	See 213 homes →
$400K–$500K	96+5 lots	4	2,197 sqft	1991	Est. payment $2,311/mo	See all 101 listings →
$500K–$750K	85	4	2,583 sqft	1991	Est. payment $3,210/mo	See 85 homes →
Over $750K	46+2 lots	4	3,166 sqft	2000	Est. payment from $3,852/mo	See all 48 listings →

Market snapshot

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

Of the 58 listings for sale in Norfolk under $200,000, 17 (29%) have had a price cut, and another 49 are under contract. The median active listing has been on the market 14 days (REIN).

For sale now

Median price per sq ft: $157
Under contract: 49
With a price cut: 1729% of homes for sale

Recently sold

Homes sold: 167
Median sold price: $165,000
Median days on market (REIN): 22 days
Median sold price per sq ft: $152

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

Norfolk housing market trends →Norfolk market report PDF →

Data: REIN MLS, October 23, 2026.

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 →

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