Sales Fall in Suffolk Real Estate Market

The Suffolk remained below its 12-month average sales volume this week as sales fell 13.0% to hit 100 homes sold over the last 30 days. Meanwhile, close-by Virginia Beach reported 530 homes sales, the highest number from all the surrounding cities. The median sales price dropped to $250,862, down from last week's $251,725. Along with the slip in sales, a relatively high 10 months of inventory indicates that Suffolk is a definite buyer's market.

Looking for a more classic home in Suffolk? These are older homes currently available in the market:

$695K   $329K   $305K  

Get started right now by checking out Suffolk homes for sale or reviewing Suffolk real estate trends.

Demographic facts about Suffolk:

  • The median value of all homes is $199,000.
  • The area gets 114 rainy days a year. (U.S. average: 100)
  • This area has an unemployment rate of 7.1%.
  • For every teacher there are 13.3 students in this area. (15.3 = national average)

Data reported through 10/12/2016


Ask a local expert about this area:
Realtyka Llc
Snapped 24 homes in this area
Howard Hanna William E. Wood
Snapped 4 homes in this area
John E. Wood Realty Inc.
Snapped 12 homes in this area

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