Suffolk Real Estate Market Sees Sales Down

The Suffolk market broke below its 12-month average sales volume this week as sales fell 14.0% to hit 111 homes sold over the last 30 days. Meanwhile, close-by Virginia Beach reported 398 homes sales, the highest number from all the surrounding cities. The median sales price dropped to $228,500, down from last week's $229,897. Suffolk is a definite buyer's market, due to a big eight months of inventory left and aided by the dip in sales.

If you're looking for a home with a large living area, then be sure to see these listings that provides more space than any other in Suffolk:

$1.4M   $1.3M   $1.5M  

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

Demographic facts about Suffolk:

  • The population density is 211.4 people per square mile in this area.
  • The area's cost of living index score is 110.1. (100 = national average)
  • The area's average commute to work is 30 minutes.

Data reported through 1/11/2017

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RE/MAX Allegiance
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John E. Wood Realty Inc.
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