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All market snapshots / 23434

Suffolk, VA 23434 Housing Market

Data snapshot: August 24, 2026. Closed-sale window: last 6 months.
Suffolk, VA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 2.87
ActiveActive listings: 3030PendingPending sales: 8686
Suffolk, VA: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $425k$425kSoldMedian sold price (last 6 months): $333k$333k
What homes actually sell for in Suffolk, VA
Distribution of 423 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $260k to $440k
$125k to $184k: 32 sales$125k$184k to $242k: 31 sales$242k to $301k: 80 sales80sales$242k$301k to $360k: 74 sales$360k to $418k: 56 sales$360k$418k to $477k: 58 sales$477k to $535k: 31 sales$477k$535k to $594k: 18 salesMedian $333k

What the numbers say

As of August 24, 2026, Resideline is tracking 30 active listings and 86 pending sales in ZIP code 23434. That pending-to-active ratio of 2.87 points to a seller's market: buyers are absorbing inventory quickly relative to what is available.

The median asking price of current listings is $425,000, while the median of the 423 closed sales Resideline tracked over the last six months was $332,810. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. The median active listing in 23434 has been on the market for 2 days.

Frequently asked questions

What is the median home price in 23434?

The median closed sale price in Suffolk, VA 23434 was $332,810 over the last six months, based on 423 closed sales tracked by Resideline. The middle half of those sales ranged from $260,000 to $440,000.

Is 23434 a buyer's or seller's market?

Resideline is currently tracking 86 pending sales against 30 active listings in 23434, a pending-to-active ratio of 2.87. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 23434 currently looks like a seller's market.

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