Housing Prices in Suffolk, VA

How much do homes in Suffolk, VA cost?

Median List Price

$389,435

$189/sqft

Based on all homes listed in the last 12 months.

Difference Since April 2023

-$1,091(-0.3%)

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 $389,435 in April 2024, down 0.3% from the previous year, and the median price per square foot was $189.

Median List Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $178K$181.5K
+2.0%
2 $228K$215K
-5.7%
3 $296.6K$305.3K
+2.9%
4 $444.2K$439.9K
-0.9%
5+ $575K$565K
-1.7%

Summary: Suffolk housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 1.7%.

Median List Price Compared To Nearby Cities

Suffolk
-0.3%
Gates
-2.0%
Franklin
-7.6%

Housing Supply in Suffolk, VA

How many homes are available in Suffolk, VA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
9021,005+11.4%

Summary: The Suffolk real estate market had 1,005 homes for sale in April 2024, a 11.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 3941
+5.1%
3 336387
+15.2%
4 358390
+8.9%
5+ 168186
+10.7%

Summary: The Suffolk housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 10.7%.

Days on Market for Suffolk, VA

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

Average Listing Age

Apr 2023Apr 2024CHANGE
139 Days94 Days-32.5%

Summary: Homes in Suffolk had an average listing age of 94 days in Apr 2024, down by 32.5% compared to the previous year.

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

Report Updated 13 Days Ago

Newest Listings in Suffolk, VA

Nearby Markets to Suffolk, VA

What housing markets are near Suffolk, VA?