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SUFFOLK, VA 23437

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

Market Analysis

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

The SUFFOLK, VA real estate market (23437) currently shows 20 active listings, with 1 pending sales. Homes are averaging 42 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 42 days on market compared to 51 days last year.

The median listing price has risen 2.8% year-over-year, from $437,400 to $449,675.

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: 4,647  ·  Density: 17.9/mi²  ·  Median household income: $70,823

Typical home value: $282,071  ·  Homeownership: 82.5%

Market Overview

Active Listings
20
⇩ 13% vs 23 last year
Pending
1
5% pending ratio
Median Price
$449,675
⇧ 2.8% vs $437,400 last year
Average Price
$469,061
⇩ 0.4% vs $470,750 last year
Days on Market
42
⇩ 17.6% vs 51 days last year

Price Per Square Foot

Median $/sqft
$227
⇧ 2.7% vs $221/sqft last year
Median Home Size
2,093 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 20 this year vs 23 last year
  • Days on market: 42 now vs 51 last year

Median & Average Pricing

Year over Year
  • Median: $449,675 (+2.8% YoY)
  • Average: $469,061 (-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
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 23.1 miles — 84 listings ($32,565,815 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23437Suffolk, VA 234370.0 mi19$8,906,858$429,900$468,782
23315Carrsville, VA 233157.5 mi1$714,900$714,900$714,900
27937Gates, NC 279379.1 mi15$4,555,065$336,150$303,671
23898Zuni, VA 2389813.6 mi1$325,000$325,000$325,000
27935Eure, NC 2793514.5 mi1$265,000$265,000$265,000
23487Windsor, VA 2348715.6 mi14$7,634,130$527,490$545,295
23837Courtland, VA 2383717.9 mi14$4,936,260$299,900$352,590
23878Sedley, VA 2387818.0 mi4$1,275,900$314,950$318,975
27979Sunbury, NC 2797918.9 mi5$994,750$198,950$198,950
23432Suffolk, VA 2343221.4 mi3$1,352,901$501,950$450,967
27922Cofield, NC 2792221.9 mi1$249,900$249,900$249,900
23827Boykins, VA 2382722.5 mi3$684,900$159,999$228,300
27877Severn, NC 2787723.1 mi3$670,251$223,417$223,417

Frequently Asked Questions

How many homes are for sale in SUFFOLK, VA 23437?

As of February 2026, there are 20 active listings in SUFFOLK, VA (zip code 23437), compared to 23 the prior year.

What is the median home price in SUFFOLK, VA 23437?

The median listing price in SUFFOLK, VA 23437 is $449,675 as of February 2026, a 2.8% increase from $437,400 the prior year.

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

Homes in SUFFOLK, VA 23437 spend an average of 42 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 23437?

Based on current inventory and days-on-market data as of February 2026, SUFFOLK, VA 23437 is currently a Seller's Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 42 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 23437 save an estimated $8,994 compared to a typical 5% commission on the median listing price of $449,675. 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.