The typical home value in
Ghent
is projected to be
$546,250
for the month of
August.
July’s
finalized data reported the typical value of a home in the
neighborhood
to be
$532,500—up
95.41%
over the previous 12 months.
For comparison,
city-level
data pegged home values at
$336,250
in
Norfolk
for the most recent reporting period.
That number is expected to float around
$339,380
in
August.
Ghent
had
27
new listings and
21
listings that went under contract in
July,
increasing
the area’s total available inventory to
22—up
4.76%
from the previous month. Inventory is projected to have further
increased
in
August.
The median listing price for homes in
Ghent
grew
4.87%
from
June
to
July,
bringing the current median listing price to
$550,000.
Based on projected data for
August,
listing prices may continue to
grow.
The number of days that homes have been on the market prior to going under contract
has been fairly steady
year-over-year. In
July 2025,
the median time for a listed property to go pending was
37.5
days, compared to
39
days in
July 2024.
However, in recent months the median number of days from listed to pending appears to be
falling.
That trend is predicted to have carried through to this
August.