Housing Prices in Suffolk, VA

How much do homes in Suffolk, VA cost?

Median List Price

$389,937

$191/sqft

Based on all homes listed in the last 12 months.

Difference Since May 2023

-$949(-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 $389,937 in May 2024, down 0.2% from the previous year, and the median price per square foot was $191.

Median List Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$185K
N/A
2 $229.5K$215K
-6.3%
3 $300.4K$305.2K
+1.6%
4 $445K$440.7K
-1.0%
5+ $546K$569.4K
+4.3%

Summary: Suffolk housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 4.3%.

Median List Price Compared To Nearby Cities

Suffolk
-0.2%
Franklin
-4.5%
Gates
-6.0%

Housing Supply in Suffolk, VA

How many homes are available in Suffolk, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
9361,076+15.0%

Summary: The Suffolk real estate market had 1,076 homes for sale in May 2024, a 15.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 4053
+32.5%
3 368422
+14.7%
4 355409
+15.2%
5+ 172191
+11.0%

Summary: The Suffolk housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 32.5%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 11%.

Days on Market for Suffolk, VA

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

Average Listing Age

May 2023May 2024CHANGE
140 Days89 Days-36.2%

Summary: Homes in Suffolk had an average listing age of 89 days in May 2024, down by 36.2% compared to the previous year.

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

Report Updated 1 Day Ago

Newest Listings in Suffolk, VA

Nearby Markets to Suffolk, VA

What housing markets are near Suffolk, VA?