Colonial Place/Riverview

Colonial Place and Riverview offer a blend of historic charm and modern amenities. In early 2025, Colonial Place saw a median sale price of $430,000, marking a 16.2% year-over-year increase. Homes in this area typically sold after 57 days on the market. Conversely, Riverview experienced a slight decline, with a median sale price of $332,700, down 1.9% from the previous year. Homes here averaged 80 days on the market. Rental prices in both neighborhoods range from $1,227 for studios to $2,361 for three-bedroom apartments. These areas are known for their historic architecture and proximity to downtown Norfolk.