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SUFFOLK, VA 23434

Real Estate Market Report
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The SUFFOLK, VA real estate market (23434) currently shows 206 active listings, with 1 pending sales. Homes are averaging 34 days on the market before going under contract.

Inventory has tightened compared to last year, with 22 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 34 days on market compared to 39 days last year.

The median listing price has risen 5.9% year-over-year, from $399,925 to $423,475.

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

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

Market Overview

Active Listings
206
⇩ 9.6% vs 228 last year
Pending
1
0% pending ratio
Median Price
$423,475
⇧ 5.9% vs $399,925 last year
Average Price
$421,782
⇧ 7.1% vs $393,965 last year
Days on Market
34
⇩ 12.8% vs 39 days last year

Price Per Square Foot

Median $/sqft
$202
⇧ 2% vs $198/sqft last year
Median Home Size
2,041 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 206 this year vs 228 last year
  • Days on market: 34 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $423,475 (+5.9% YoY)
  • Average: $421,782 (+7.1% 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 19.8 miles — 715 listings ($355,215,036 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23434Suffolk, VA 234340.0 mi198$80,647,182$379,975$407,309
23435Suffolk, VA 2343511.2 mi150$80,041,500$514,900$533,610
23323Chesapeake, VA 2332311.7 mi63$30,775,311$497,450$488,497
23437Suffolk, VA 2343712.6 mi20$9,381,220$449,675$469,061
27926Corapeake, NC 2792612.8 mi4$1,249,800$346,175$312,450
23315Carrsville, VA 2331514.2 mi1$714,900$714,900$714,900
23433Suffolk, VA 2343315.2 mi10$8,196,400$656,175$819,640
23707Portsmouth, VA 2370716.9 mi37$10,476,328$280,950$283,144
27937Gates, NC 2793717.1 mi16$4,767,200$336,150$297,950
23314Carrollton, VA 2331417.5 mi37$14,962,134$342,718$404,382
23322Chesapeake, VA 2332218.6 mi146$101,752,364$648,450$696,934
23507Norfolk, VA 2350719.5 mi19$8,106,445$252,750$426,655
23523Norfolk, VA 2352319.8 mi14$4,144,252$277,500$296,018

Frequently Asked Questions

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

As of March 2026, there are 206 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 $423,475 as of March 2026, a 5.9% increase from $399,925 the prior year.

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

Homes in SUFFOLK, VA 23434 spend an average of 34 days on the market before going under contract, compared to 39 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 March 2026, SUFFOLK, VA 23434 is currently a Seller's Market. Inventory has tightened compared to last year, with 22 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 34 days on market compared to 39 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 $8,470 compared to a typical 5% commission on the median listing price of $423,475. 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.