BOLD REALTY MARKET REPORT

Suffolk, VA

Single-Family Homes

TOM MILAN 757-777-7577



Suffolk, VA

Tue Oct 19 2021
This week the median list price for Suffolk, VA is $400,000 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has decreased to 290. Click here to stay informed with the Suffolk market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.

Suffolk, VA

Tue Oct 19 2021
This week the median list price for Suffolk, VA is $400,000 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has decreased to 290. Click here to stay informed with the Suffolk market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.

Real-Time Market Profile

Never miss important changes in the Suffolk market.
Median List Price $400,000
Median Price of New Listings $372,350
Per Square Foot $174
Average Days on Market 90
Median Days on Market 42
Price Decreased 19%
Price Increased 10%
Relisted 6%
Inventory 290
Median Rent $1,740
Market Action 47
Strong Seller's Market

Though this week saw relatively little price change from last week, the market seems to be show some signs of strength. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$572,450 3,286 1 - 2.5 acres 5 3 5 6 8 49
$439,900 2,408 1 - 2.5 acres 4 2 0 8 4 42
$339,900 2,010 0.25 - 0.5 acre 4 2 23 17 16 14
$223,000 1,450 0.25 - 0.5 acre 3 2 53 7 11 28