Suffolk, VA Home Values & Market Trends
Real estate market trends reflect that there have been 1,852 transactions over the past year in Suffolk. The median value for residential home transactions that occurred over the previous year is $394,900. The number of current listings in Suffolk is 1,884, and the percentage of properties for sale in the city is 1884.00%. Suffolk, VA currently has 119 properties in foreclosure, 66 bank owned properties, 53 properties headed for auction, and 1,884 properties for sale.
Suffolk, VA Real Estate Market Overview
Housing Market Summary for Suffolk, VA
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $390K | $402K | 3.08% |
| Median Sold Price | $353.9K | $365.7K | 3.35% |
| Homes For Sale | 1,553 | 1,854 | 19.38% |
| Homes Sold | 496 | 452 | -8.87% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Suffolk, VA
Browse Homes in Suffolk, VA
Suffolk home values range from $30,611 to $2,697,880. The median estimated value of a home in Suffolk is $394,900. The median list price of a home is 400,000, and the total count of properties in the city is 2,571.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Suffolk, VA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 7 zips within Suffolk, VA; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Suffolk, VA ranges from the highest value of $640,640 in 23435 to the lowest value of $85,861 in 23434. Bank owned homes and properties account for 2.57% of properties in Suffolk, VA. There are 7 zips within Suffolk, VA; 23434 containing 50 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions23434 has 34 auction properties, the highest number of properties going to auction in a single zip in the state of Suffolk, VA. Auction homes and other auction properties account for 2.06% of all properties in Suffolk, VA. There are 7 zips within Suffolk, VA; of those zips, the median estimated home value for homes going to auction ranges from $506,236 in 23438 to the lowest value of $149,334 in 23438.
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Guide for Suffolk, VA
Virginia Foreclosure Laws
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.