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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $185K | N/A |
2 Bedrooms | $229.5K | $215K | -6.3% |
3 Bedrooms | $300.4K | $305.2K | +1.6% |
4 Bedrooms | $445K | $440.7K | -1.0% |
5+ Bedrooms | $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 | $390.8K | $389.9K | -0.2% |
Franklin | $290K | $277K | -4.5% |
Gates | $307.4K | $289K | -6.0% |
Housing Supply in Suffolk, VA
How many homes are available in Suffolk, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
936 | 1,076 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 40 | 53 | +32.5% |
3 Bedrooms | 368 | 422 | +14.7% |
4 Bedrooms | 355 | 409 | +15.2% |
5+ Bedrooms | 172 | 191 | +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 2023 | May 2024 | CHANGE |
---|---|---|
140 Days | 89 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.