9526 5th Bay St, Norfolk, VA 23518

Sale prices are generally directly related to the size of a property in terms of living area or lot size – this is why homes in the same neighborhood may have widely differing values. Looking at homes instead on the basis of a price per square foot of living area will usually show a much more consistent pattern. This chart compares the price per square foot of living area for homes similar to the one you are evaluating.

Comparing the median price per bedroom, like comparing the median price per square foot of living area, is a useful way of making an "apples to apples" comparison between properties. Sales prices of homes in the same neighborhood may vary widely because they are different sizes. Evaluating them on the basis of price per bedroom is more revealing.

This chart shows the median sales price trend for the ZIP code in which the property you are evaluating is located.

This chart shows the distribution of homes sold in a ZIP code over the last six to 12 months within different price ranges. The most active segments of the market are those for which the columns are longest. A high volume of activity in your price range can indicate a seller's market for your price point. Low volume can indicate that there are few homes for sale in your price range, or that it's a good time to buy.

This chart shows the distribution of homes sold in a ZIP code over the last six to 12 months within different ranges of price per square foot. The most active segments of the market are those for which the columns are longest. Generally speaking, it's better if the property you are evaluating is in one of the more active segments.

This chart shows the distribution of homes sold in an area over the last six months within different ranges of living area size. The most active segments of the market are those for which the columns are longest. Generally speaking, it’s better if the property you are evaluating is in one of the more active segments.

This chart shows the number of homes sold, according to age, in a neighborhood over the last 6-12 months.

This chart shows the percentage of homes sold, according to number of bedrooms, in a neighborhood over the last 6-12 months.