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SUFFOLK, VA 23435

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 (23435) currently shows 166 active listings, with 1 pending sales. Homes are averaging 46 days on the market before going under contract.

Inventory has increased compared to last year, with 36 more homes available — giving buyers more choice.

Homes are selling faster, averaging 46 days on market compared to 50 days last year.

The median listing price has risen 0.5% year-over-year, from $512,400 to $514,900.

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: 33,614  ·  Density: 363.8/mi²  ·  Median household income: $107,800

Typical home value: $359,598  ·  Homeownership: 68.6%

Market Overview

Active Listings
166
⇧ 27.7% vs 130 last year
Pending
1
1% pending ratio
Median Price
$514,900
⇧ 0.5% vs $512,400 last year
Average Price
$540,146
⇧ 6.6% vs $506,885 last year
Days on Market
46
⇩ 8% vs 50 days last year

Price Per Square Foot

Median $/sqft
$211
⇧ 1% vs $209/sqft last year
Median Home Size
2,425 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 166 this year vs 130 last year
  • Days on market: 46 now vs 50 last year

Median & Average Pricing

Year over Year
  • Median: $514,900 (+0.5% YoY)
  • Average: $540,146 (+6.6% 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 12.9 miles — 647 listings ($257,394,753 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23435Suffolk, VA 234350.0 mi150$80,041,500$514,900$533,610
23436Suffolk, VA 234364.3 mi5$5,359,700$654,900$1,071,940
23433Suffolk, VA 234334.9 mi10$8,196,400$656,175$819,640
23703Portsmouth, VA 237036.7 mi61$20,728,044$340,950$339,804
23314Carrollton, VA 233148.4 mi37$14,962,134$342,718$404,382
23704Portsmouth, VA 237049.3 mi68$17,330,412$259,700$254,859
23508Norfolk, VA 2350810.0 mi33$12,000,318$349,950$363,646
23323Chesapeake, VA 2332310.6 mi63$30,775,311$497,450$488,497
23607Newport News, VA 2360710.8 mi80$20,192,400$228,675$252,405
23523Norfolk, VA 2352311.5 mi14$4,144,252$277,500$296,018
23505Norfolk, VA 2350511.7 mi46$19,165,762$318,825$416,647
23509Norfolk, VA 2350912.5 mi29$9,998,098$284,975$344,762
23661Hampton, VA 2366112.9 mi51$14,500,422$274,950$284,322

Frequently Asked Questions

How many homes are for sale in SUFFOLK, VA 23435?

As of March 2026, there are 166 active listings in SUFFOLK, VA (zip code 23435), compared to 130 the prior year.

What is the median home price in SUFFOLK, VA 23435?

The median listing price in SUFFOLK, VA 23435 is $514,900 as of March 2026, a 0.5% increase from $512,400 the prior year.

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

Homes in SUFFOLK, VA 23435 spend an average of 46 days on the market before going under contract, compared to 50 days the prior year.

Is it a seller's or buyer's market in SUFFOLK, VA 23435?

Based on current inventory and days-on-market data as of March 2026, SUFFOLK, VA 23435 is currently a Balanced Market. Inventory has increased compared to last year, with 36 more homes available — giving buyers more choice. Homes are selling faster, averaging 46 days on market compared to 50 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 23435 save an estimated $10,298 compared to a typical 5% commission on the median listing price of $514,900. 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.