Skip to main content
VaHome.com

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

47 homes for sale in Norfolk, VA under $200,000, plus 13 lots, from REIN MLS · Listing data as of Oct 3, 12:10 AM ET (syncs every 2 minutes)

47 homes are for sale in Norfolk under $200,000 today, at a median list price of $170,000. The typical one has 2 bedrooms and about 991 sq ft, and was built in 1945.

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

Browse homesMap view

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.

Shop byShop Norfolk homes by$200K–$300K 177$300K–$400K 202$400K–$500K 85$500K–$750K 87Over $750K 51Condos & townhomes 146New construction 51Waterfront 94Land & lots 22On this pageMarketContactFAQ

47 Norfolk homes and 13 lots for sale in this price range right now

(+50 under contract)
Skip the 60 listings

Showing 1–60 of 110

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 3, 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 $200K47+13 lots2991 sqft1945Est. payment up to $1,027/moShown on this page
$200K–$300K173+4 lots31,262 sqft1950Est. payment $1,284/moSee all 177 listings →
$300K–$400K20231,600 sqft1953Est. payment $1,798/moSee 202 homes →
$400K–$500K80+5 lots42,162 sqft2001Est. payment $2,311/moSee all 85 listings →
$500K–$750K8742,545 sqft1985Est. payment $3,210/moSee 87 homes →
Over $750K5143,219 sqft2000Est. payment from $3,852/moSee 51 homes →

Market snapshot

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

Of the 60 listings for sale in Norfolk under $200,000, 14 (23%) have had a price cut, and another 50 are under contract. The median active listing has been on the market 9 days (REIN).

For sale now

Median price per sq ft
$168
Under contract
50
With a price cut
1423% of homes for sale

Recently sold

Homes sold
163
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 3, 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 October 3, 2026, REIN MLS shows 47 homes for sale in Norfolk under $200,000, plus 13 lots. Another 50 listings are under contract. Of the 60 listings for sale, 8 have been listed since September 27 and 14 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 47 homes for sale in Norfolk under $200,000 is $170,000 as of October 3, 2026. The typical home has 2 bedrooms and about 991 sq ft, and was built in 1945. The median list price per square foot is $168.

Norfolk housing market trends →

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

From March 2026 through September 2026, 163 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 22 days (REIN).

Market snapshot and recent sales →

More homes

Keep shopping Norfolk homes

All Norfolk homes for sale →