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Whaleyville

SUFFOLK, VA 23438

Real Estate Market Report
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
10
⇧ 11.1% vs 9 last year
Pending
0
0% pending ratio
Median Price
$624,450
⇧ 24.1% vs $503,058 last year
Average Price
$579,240
⇧ 13.3% vs $511,304 last year
Days on Market
112
⇧ 154.5% vs 44 days last year

Market Context

Population: 1,685  ·  Density: 16.4/mi²  ·  Median household income: $84,231

Typical home value: $247,350  ·  Homeownership: 89.0%

Market Analysis

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

The SUFFOLK, VA real estate market (23438) currently shows 10 active listings. Homes are averaging 112 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 112 days on market compared to 44 days last year.

The median listing price has risen 24.1% year-over-year, from $503,058 to $624,450.

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: 10 this year vs 9 last year
  • Days on market: 112 now vs 44 last year

Median & Average Pricing

Year over Year
  • Median: $624,450 (+24.1% YoY)
  • Average: $579,240 (+13.3% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.8 miles — 333 listings ($137,792,890 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23438Suffolk, VA 234380.0 mi10$5,792,400$624,450$579,240
27937Gates, NC 279376.9 mi15$4,555,065$336,150$303,671
23434Suffolk, VA 2343410.2 mi176$70,559,808$375,000$400,908
23315Carrsville, VA 2331513.5 mi1$714,900$714,900$714,900
27935Eure, NC 2793513.8 mi1$265,000$265,000$265,000
27946Hobbsville, NC 2794616.3 mi3$893,001$265,000$297,667
27986Winton, NC 2798618.5 mi3$555,000$185,000$185,000
23898Zuni, VA 2389819.2 mi1$325,000$325,000$325,000
27922Cofield, NC 2792219.8 mi1$249,900$249,900$249,900
27976South Mills, NC 2797621.0 mi30$13,771,590$459,950$459,053
23321Chesapeake, VA 2332121.5 mi85$38,078,725$452,500$447,985
23432Suffolk, VA 2343221.6 mi3$1,352,901$501,950$450,967
27980Tyner, NC 2798023.8 mi4$679,600$169,900$169,900

Frequently Asked Questions

How many homes are for sale in SUFFOLK, VA 23438?

As of January 2026, there are 10 active listings in SUFFOLK, VA (zip code 23438), compared to 9 the prior year.

What is the median home price in SUFFOLK, VA 23438?

The median listing price in SUFFOLK, VA 23438 is $624,450 as of January 2026, a 24.1% increase from $503,058 the prior year.

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

Homes in SUFFOLK, VA 23438 spend an average of 112 days on the market before going under contract, compared to 44 days the prior year.

Is it a seller's or buyer's market in SUFFOLK, VA 23438?

Based on current inventory and days-on-market data as of January 2026, SUFFOLK, VA 23438 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 112 days on market compared to 44 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 23438 save an estimated $12,489 compared to a typical 5% commission on the median listing price of $624,450. 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.