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Market Intelligence · VA / Suffolk

Suffolk, VA 23432 Housing Market

The typical home value in Suffolk, VA 23432 is $457,291, up 3.5% over the past year as of September 2026. The median list price sits at $557,975, and homes are taking a median of 39 days on market.

Updated September 2026Median value$457K

The median home value in Suffolk, VA 23432 is $457K as of September 2026, up 3.5% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 23432 range

$421K to $494K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+3.5% over 12 months

Typical home value in 23432 over the last 12 months: $442K in Sep 2025 to $457K in Sep 2026 (+3.5%).

Sep 2025$442K

Sep 2026$457K

The numbers

What is the 23432 housing market like?

Typical home value

$457K

Up3.5%YoY

Median list price

$558K

Down5.4%MoM

Days on market

39

Down27.8%MoM

Homes for sale

15

Up36.4%MoM

Price cuts

27.6%

Up3.6%MoM

New listings

0

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

23432 housing market forecast 2027

+1.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23432 to rise 1.7% by September 2027.

Over the 12 months through September 2026, typical home values in 23432 rose 3.5%, per the Zillow Home Value Index.

Will home prices drop in 23432?

Zillow's forecast does not call for a drop: it expects typical home values in 23432 to rise 1.7% by September 2027, after a 3.5% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 23432 home prices compare?

  • 23432$457,291
  • Suffolk$450,320
  • Virginia$328,255
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Suffolk: 7 ZIPs; Virginia: 757 ZIPs; United States: 26,262 ZIPs).

Context

Sellers in Suffolk, VA 23432 are asking a median of $557,975, while the typical home value in the area is $457,291, a figure that rose 3.5% over the past year. Homes are moving in a median of 39 days, which is a measured pace rather than a frenzy. Inventory is thin, with 15 homes for sale as of September 2026. About 27.6% of listings have taken a price cut, which suggests some sellers are starting above what buyers will pay. For a homeowner weighing a sale, realistic pricing matters more than aiming high and trimming later.

Monthly payment

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20% · $91,458

Common questions

What people ask us.

How much is a home in 23432 worth?

The typical home value in Suffolk, VA 23432 is $457,291 as of September 2026, up 3.5% over the past year.

How fast are homes selling in 23432?

Homes in this ZIP are spending a median of 39 days on market as of September 2026. Inventory is limited, with 15 homes for sale.

Are sellers in 23432 cutting prices?

Yes, 27.6% of listings had a price cut as of September 2026. Pricing accurately from the start can help avoid that path.

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