Market Intelligence · VA / Suffolk

Suffolk, VA 23437 Housing Market

The typical home in Suffolk, VA 23437 is worth $349,881, up 3.6% over the past year. Homes on the market have a median list price of $542,400 and spend 43 days before selling.

Updated September 2026Median value$350K

The median home value in Suffolk, VA 23437 is $350K as of September 2026, up 3.6% 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 23437 range

$322K to $378K

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

+3.6% over 12 months

Sep 2025$338K

Low $338KHigh $350K

Sep 2026$350K

The numbers

What is the 23437 housing market like?

As of September 2026

Typical home value

$350K

3.6%YoY

Median list price

$542K

2.4%MoM

Days on market

19.4%MoM

Homes for sale

18.8%MoM

Price cuts

22.4%

32.7%MoM

New listings

25.0%MoM

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

The outlook

23437 housing market forecast 2027

+1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23437 to rise 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 23437 rose 3.6%, per the Zillow Home Value Index.

Will home prices drop in 23437?

Zillow's forecast does not call for a drop: it expects typical home values in 23437 to rise 1.9% by September 2027, after a 3.6% 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 23437 home prices compare?

23437$349,881
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

As of September 2026, there are 19 homes for sale in the 23437 ZIP code, with 6 new listings added recently. The median list price sits at $542,400, while homes typically spend 43 days on the market. Nearly a quarter of listings, 22.4%, have seen price cuts. For sellers, this suggests a market where price expectations may need recalibration to match buyer interest.

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Home price

Down payment20% · $69,976

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Common questions

What people ask us.

What is the typical home value in 23437?

The typical home value in Suffolk, VA 23437 is $349,881, which is up 3.6% over the past year.

How long does a home stay on the market in 23437?

Homes in 23437 spend a median of 43 days on the market.

What share of homes have had price reductions?

As of September 2026, 22.4% of listings in the area have received price cuts.

Discover

Nearby ZIP markets.

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