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SUFFOLK, VA 23433

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The SUFFOLK, VA real estate market (23433) currently shows 11 active listings. Homes are averaging 60 days on the market before going under contract.

Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 60 days on market compared to 59 days last year.

The median listing price has risen 1.9% year-over-year, from $642,950 to $654,950.

Whether you are buying or selling in SUFFOLK, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 1,274  ·  Density: 286.9/mi²  ·  Median household income: $144,167

Typical home value: $504,071  ·  Homeownership: 97.2%

Market Overview

Active Listings
11
⇩ 52.2% vs 23 last year
Pending
0
0% pending ratio
Median Price
$654,950
⇧ 1.9% vs $642,950 last year
Average Price
$826,218
⇧ 0.3% vs $823,723 last year
Days on Market
60
⇧ 1.7% vs 59 days last year

Price Per Square Foot

Median $/sqft
$221
⇩ 3.1% vs $228/sqft last year
Median Home Size
2,854 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 11 this year vs 23 last year
  • Days on market: 60 now vs 59 last year

Median & Average Pricing

Year over Year
  • Median: $654,950 (+1.9% YoY)
  • Average: $826,218 (+0.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 13.0 miles — 786 listings ($315,885,240 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23433Suffolk, VA 234330.0 mi10$8,196,400$656,175$819,640
23314Carrollton, VA 233143.8 mi37$14,962,134$342,718$404,382
23435Suffolk, VA 234354.9 mi150$80,041,500$514,900$533,610
23703Portsmouth, VA 237036.9 mi61$20,728,044$340,950$339,804
23321Chesapeake, VA 233218.3 mi86$38,757,018$461,000$450,663
23701Portsmouth, VA 237019.5 mi60$15,952,740$260,000$265,879
23508Norfolk, VA 2350810.2 mi33$12,000,318$349,950$363,646
23507Norfolk, VA 2350710.9 mi19$8,106,445$252,750$426,655
23505Norfolk, VA 2350511.1 mi46$19,165,762$318,825$416,647
23666Hampton, VA 2366611.4 mi103$32,823,937$325,000$318,679
23702Portsmouth, VA 2370211.7 mi35$8,184,155$223,724$233,833
23606Newport News, VA 2360611.8 mi33$19,314,735$393,475$585,295
23669Hampton, VA 2366913.0 mi113$37,652,052$302,425$333,204

Frequently Asked Questions

How many homes are for sale in SUFFOLK, VA 23433?

As of March 2026, there are 11 active listings in SUFFOLK, VA (zip code 23433), compared to 23 the prior year.

What is the median home price in SUFFOLK, VA 23433?

The median listing price in SUFFOLK, VA 23433 is $654,950 as of March 2026, a 1.9% increase from $642,950 the prior year.

How long do homes stay on the market in SUFFOLK, VA?

Homes in SUFFOLK, VA 23433 spend an average of 60 days on the market before going under contract, compared to 59 days the prior year.

Is it a seller's or buyer's market in SUFFOLK, VA 23433?

Based on current inventory and days-on-market data as of March 2026, SUFFOLK, VA 23433 is currently a Balanced Market. Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 60 days on market compared to 59 days last year.

How much can I save on real estate commission in SUFFOLK, VA?

With SELL123.com's maximum 3% commission, sellers in SUFFOLK, VA 23433 save an estimated $13,099 compared to a typical 5% commission on the median listing price of $654,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.