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SUFFOLK, VA 23434

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

Market Overview

Active Listings
176
⇩ 22.8% vs 228 last year
Pending
2
1% pending ratio
Median Price
$375,000
⇩ 5.9% vs $398,700 last year
Average Price
$400,908
⇧ 0.4% vs $399,132 last year
Days on Market
53
⇧ 3.9% vs 51 days last year

Market Context

Population: 51,108  ·  Density: 95.4/mi²  ·  Median household income: $73,843

Typical home value: $275,996  ·  Homeownership: 67.9%

Market Analysis

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

The SUFFOLK, VA real estate market (23434) currently shows 176 active listings, with 2 pending sales. Homes are averaging 53 days on the market before going under contract.

Inventory has tightened compared to last year, with 52 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 53 days on market compared to 51 days last year.

The median listing price has fallen 5.9% year-over-year, from $398,700 to $375,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 176 this year vs 228 last year
  • Days on market: 53 now vs 51 last year

Median & Average Pricing

Year over Year
  • Median: $375,000 (-5.9% YoY)
  • Average: $400,908 (+0.4% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.5 miles — 611 listings ($263,152,381 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23434Suffolk, VA 234340.0 mi176$70,559,808$375,000$400,908
23435Suffolk, VA 2343511.2 mi135$73,078,605$517,000$541,323
23323Chesapeake, VA 2332311.7 mi73$35,052,848$450,000$480,176
23437Suffolk, VA 2343712.6 mi19$8,906,858$429,900$468,782
27926Corapeake, NC 2792612.8 mi2$950,000$475,000$475,000
23315Carrsville, VA 2331514.2 mi1$714,900$714,900$714,900
23433Suffolk, VA 2343315.2 mi9$7,102,143$690,000$789,127
23707Portsmouth, VA 2370716.9 mi43$12,878,973$285,000$299,511
27937Gates, NC 2793717.1 mi15$4,555,065$336,150$303,671
23314Carrollton, VA 2331417.5 mi38$15,095,956$342,000$397,262
27979Sunbury, NC 2797918.1 mi5$994,750$198,950$198,950
23324Chesapeake, VA 2332418.7 mi55$16,439,995$290,000$298,909
23510Norfolk, VA 2351019.5 mi40$16,822,480$327,250$420,562

Frequently Asked Questions

How many homes are for sale in SUFFOLK, VA 23434?

As of January 2026, there are 176 active listings in SUFFOLK, VA (zip code 23434), compared to 228 the prior year.

What is the median home price in SUFFOLK, VA 23434?

The median listing price in SUFFOLK, VA 23434 is $375,000 as of January 2026, a 5.9% decrease from $398,700 the prior year.

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

Homes in SUFFOLK, VA 23434 spend an average of 53 days on the market before going under contract, compared to 51 days the prior year.

Is it a seller's or buyer's market in SUFFOLK, VA 23434?

Based on current inventory and days-on-market data as of January 2026, SUFFOLK, VA 23434 is currently a Balanced Market. Inventory has tightened compared to last year, with 52 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 53 days on market compared to 51 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 23434 save an estimated $7,500 compared to a typical 5% commission on the median listing price of $375,000. 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.