Is Suffolk, VA 23436 a buyer’s or seller’s market?
Suffolk is a seller’s market. With about 3.2 months of supply and 20% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Suffolk housing market right now
In the three months ending August 31, 2026, 20% of homes in Suffolk, VA 23436 sold above their list price, the typical home went under contract in 44 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold faster (60 days then) and the median sale price rose 67% to $624,730. Overall, Suffolk is less competitive than a year ago, which gives buyers more room.
Within Suffolk city, homes here sell faster than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Suffolk 23433 (80% sold over asking) and Suffolk 23432 (50% sold over asking) are even more competitive.
Run the numbers for 23436
Nearby markets
Suffolk 23432Buyer’s market $208 /sq ftSuffolk 23433Balanced $217 /sq ftSuffolk 23434Seller’s market $197 /sq ftSuffolk 23435Seller’s market $215 /sq ft Browse all markets →Where Suffolk is
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Questions about Suffolk real estate
Is Suffolk a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Suffolk, VA 23436 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Suffolk?
The typical home went under contract in 44 days in the latest three months.
Do homes in Suffolk sell over asking?
20% of homes sold above their original list price, and the typical sale closed at 99.3% of the list price.
What are property taxes in Suffolk?
About 0.93% of a home’s value a year in Suffolk city, or roughly $3,720 on a $400,000 home.
What is the median home price in Suffolk?
The median sale price was $624,730 in the three months ending August 31, 2026, about $225 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology