Why Live in Colonial Place
Colonial Place in Norfolk, including the historic Riverview subdivision, is a riverside neighborhood characterized by large waterfront homes with private docks along the Lafayette River. The area features Colonial and Victorian homes, as well as single-story Craftsman and two-story Colonial houses. Residents enjoy access to the Virginia Zoo, just 1 mile southeast, and Lafayette Park, which offers a rugby pitch, disc golf course, and tennis and basketball courts. The Colonial Place Dog Park and Greenway provide a fenced area for pets, a playground, and bike paths. Granby Street is a local hub for dining, with options like MJ’s Tavern, LeGrand Kitchen, and Pittie Dog Grill. For shopping, residents frequent Mary Barnett Gifts and Decorative Accessories, with Aldi and Food Lion located about 2 miles south. The neighborhood falls within the Norfolk Public Schools district, with Ghent Elementary School and highly rated Maury High School nearby. Colonial Place is safer than the national average, making it a practical choice for families. The proximity to Old Dominion University offers additional cultural and sporting events, with venues like S.B. Ballard Stadium and Chartway Arena. Norfolk International Airport is approximately 6 miles east, and bus stops along Granby Street and Newport Avenue facilitate easy commuting.
Home Trends in Colonial Place, VA
On average, homes in Colonial Place, Norfolk sell after 84 days on the market compared to the national average of 70 days. The median sale price for homes in Colonial Place, Norfolk over the last 12 months is $292,900, up 20% from the median home sale price over the previous 12 months.
Median Sale Price
$292,900
Median Single Family Sale Price
$292,900
Median Townhouse Sale Price
$230,000
Average Price Per Sq Ft
$203
Number of Homes for Sale
4
Last 12 months Home Sales
42
Median List Price
$292,900
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
20%