Suffolk, VA Housing Market & Real Estate

Balanced market+6.1% YoY

Housing market overview · Updated weekly ·

Quick answer: The median home sale price in Suffolk, VA is $406,999, up 6.1% year-over-year. Homes sell in an average of 73 days with 398 active listings. The market is currently a balanced market.

$406,999median sale price

Is Suffolk a buyer's or seller's market?

Balanced market3.3 months of supply73 avg. days on market

Suffolk, VA is currently a balanced market, based on 3.3 months of supply and homes selling in about 73 days. How we determine this →

Homes sold

121

Last 12 weeks

Days on market

73

Average pace

Active listings

398

3.3 months supply

Sale-to-list

99.3%

Below asking

Suffolk, VA market data

Current housing market statistics for Suffolk, VA
MetricValue
Median sale price$406,999
Median list price$425,000
Year-over-year price change+6.1%
Average days on market73 days
Active inventory398 listings
Months of supply3.3 months
Sale-to-list price ratio99.3%
Market conditionBalanced market

Source: Redfin · Updated weekly

The Suffolk housing market is currently classified as a balanced market with a median sale price of $406,999. Prices have risen 6.1% compared to last year, with homes spending an average of 73 days on market, indicating 3.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

Homes for sale in Suffolk

There are currently 398 homes listed for sale in Suffolk, Virginia. The median listing price is $425K.

Active listings

398

Homes on market

Median list price

$425K

Avg. days on market

73

Days until sale

New this week

167

Newly listed

Price drops:17.6%of listings
Sale-to-list:99.3%

Top public schools in Suffolk

22 schools tracked · 14,520 students

The largest public schools serving Suffolk, VA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.

Nansemond River High

Grades 9-12 · 1,681 students

Public

King's Fork High

Grades 9-12 · 1,666 students

Public

Lakeland High

Grades 9-12 · 1,067 students

Public

King's Fork Middle

Grades 6-8 · 984 students

Public

Florence Bowser Elementary

Grades PK-5 · 874 students

Public

Northern Shores Elementary

Grades PK-5 · 837 students

Public

Creekside Elementary

Grades PK-5 · 747 students

Public

Hillpoint Elementary

Grades PK-5 · 739 students

Public

Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.

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Frequently asked questions

What is the average home price in Suffolk?

The median home sale price in Suffolk is $406,999, up 6.1% from last year.

How long do homes stay on market in Suffolk?

Homes typically spend 73 days on market before going under contract.

Is Suffolk a buyer's or seller's market?

With 3.3 months of supply, Suffolk is currently a balanced market.

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