How much does it cost to buy a house in Colonial Place-Riverview Norfolk, VA?

In July 2026 Colonial Place-Riverview homes were listed to buy for a median price of $412K, which is a 2% decrease to June 2025 last month, and a 1% decrease to July 2025 last year. The median value of a home listed to buy in Colonial Place-Riverview in July 2026 was $183 per sqft, which is a 12% decrease to June 2025 last month, and a 12% decrease to July 2025 last year.

Is it affordable or expensive to live in Colonial Place-Riverview Norfolk, VA?

It is affordable to live in Colonial Place-Riverview. Buying a home in Colonial Place-Riverview is 1% less expensive compared with the national average.

Is it a good time to buy property in Colonial Place-Riverview Norfolk, VA?

Yes now is a good time to buy property in Colonial Place-Riverview, in July 2026, homes in Colonial Place-Riverview have decreased in value (price per sqft) by 12% in the last year compared with July 2025.

Is the Colonial Place-Riverview Norfolk, VA housing market slowing down?

The housing market in Colonial Place-Riverview is slowing down. In July 2026, homes to buy in Colonial Place-Riverview spent an median 26 days on the market, a 40% decrease from July 2025 last year.

What are the best and safest places to live in Colonial Place-Riverview Norfolk, VA?

The best and safest neighborhoods to live in Colonial Place-Riverview in July 2026 are Algonquin, Lakewood, East Ocean View, Sandbridge, Sajo Farm, Courthouse Estates, Freemason Street Area, Culpepper Landing, Port Warwick, Talbot Park, West Ghent, Ridgely Manor, Ghent, Olde Towne, Farmington, Wards Corner, River Pointe, Kiln Creek, Park Place, Buckroe Beach

How much money should I make to buy a house in Colonial Place-Riverview Norfolk, VA?

In July 2026, Colonial Place-Riverview homes were listed to buy for a median price of $412K, with 25% down you would need $2.24K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $76.8K.

Is it a good time to sell my house in Colonial Place-Riverview Norfolk, VA?

Yes now is a good time to sell your house in Colonial Place-Riverview, in July 2026, homes in Colonial Place-Riverview have decreased in value (price per sqft) by 12% in the last year compared with July 2025.