Is Suffolk, VA a buyer's market or a seller's market?
Suffolk, VA is a seller's market right now. There are 439 homes for sale, and at the current pace of sales it would take about 2.7 months to sell all of them.
The rule of thumb agents use: under three months of homes for sale favors sellers, over five months favors buyers, and in between is a fair fight. Suffolk, VA sits at 2.7.
There are more buyers than homes for sale. Sellers have the edge. The typical home took 45 days to go under contract, and 32% of sales closed above the asking price.
The number of homes for sale is 20% lower than a year ago. Less to choose from tends to push prices up and shorten the time to sell.
Source: Redfin's published market data for the Suffolk, VA area, through May 2026.
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More about the Suffolk, VA market
- When is the best month to sell a house in Suffolk, VA?
- How long does it take to sell a house in Suffolk, VA?
- Do homes sell above asking price in Suffolk, VA?
- Are home prices going up or down in Suffolk, VA?
- Are sellers cutting prices in Suffolk, VA?
- Is the housing market slowing down in Suffolk, VA?
- What is the average home price in Suffolk, VA?
- How many homes are for sale in Suffolk, VA?
- All Suffolk, VA housing numbers
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Figures come from Redfin's published market data for the Suffolk, VA area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.