Housing Prices in Suffolk, VA

How much do homes in Suffolk, VA cost?

Median List Price

$399,435

$194/sqft

Based on all homes listed in the last 12 months.

Difference Since August 2023

+$960(+0.2%)

Key Takeaway

The list price of homes in Suffolk has remained the same since last year.

Summary: The median home list price in Suffolk was $399,435 in August 2024, up 0.2% from the previous year, and the median price per square foot was $194.

Median List Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 -$222.4K
N/A
2 $218K$212.5K
-2.5%
3 $339.9K$311.2K
-8.4%
4 $435K$448.9K
+3.2%
5+ $538.2K$565.5K
+5.1%

Summary: Suffolk housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.5%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 5.1%.

Median List Price Compared To Nearby Cities

Corapeake
+24.0%
Suffolk
0.2%
Gates
-3.4%
Franklin
-14.0%

Housing Supply in Suffolk, VA

How many homes are available in Suffolk, VA?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
1,0591,126+6.3%

Summary: The Suffolk real estate market had 1,126 homes for sale in August 2024, a 6.3% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 11
0.0%
2 5355
+3.8%
3 409424
+3.7%
4 412448
+8.7%
5+ 184198
+7.6%

Summary: The Suffolk housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 7.6%.

Days on Market for Suffolk, VA

How long does it take to sell a home in Suffolk, VA?

Average Listing Age

Aug 2023Aug 2024CHANGE
157 Days95 Days-39.2%

Summary: Homes in Suffolk had an average listing age of 95 days in Aug 2024, down by 39.2% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

Newest Listings in Suffolk, VA

Nearby Markets to Suffolk, VA

What housing markets are near Suffolk, VA?