BOLD REALTY MARKET REPORT

Suffolk, VA

Single-Family Homes

TOM MILAN 757-777-7577



Suffolk, VA

Thu Jan 21 2021
This week the median list price for Suffolk, VA is $363,105 with the market action index hovering around 41. This is less than last month's market action index of 43. Inventory has held steady at or around 306. 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.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Suffolk, VA

Thu Jan 21 2021
This week the median list price for Suffolk, VA is $363,105 with the market action index hovering around 41. This is less than last month's market action index of 43. Inventory has held steady at or around 306. 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.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Suffolk market.
Median List Price $363,105
Per Square Foot $157
Days on Market 105
Price Decreased 13%
Price Increased 16%
Relisted 6%
Inventory 306
Median Rent $1,348
Most Expensive $4,200,000
Least Expensive $35,500
Market Action 41
Slight Seller's Advantage

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$551,450 3,201 1 - 2.5 acres 4 3 1 8 3 144
$409,945 2,578 0.5 - 1 acre 4 3 1 9 11 101
$315,000 2,100 0.5 - 1 acre 4 2 4 9 12 79
$163,000 1,416 8,000 - 10,000 sqft 3 2 63 14 13 95