Market Intelligence · VA / Suffolk

Suffolk, VA 23438 Housing Market

The typical home value in Suffolk, VA 23438 is $361,788, up 4.0% over the past year. The median list price for homes currently on the market is $547,999, and the median days on market is 73. As of 2026-08-01, there are 15 homes for sale in the ZIP.

Updated August 2026Median value$362K

The median home value in Suffolk, VA 23438 is $362K as of August 2026, up 4.0% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 23438 range

$333K to $391K

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

+4.0% over 12 months

Typical home value in 23438 over the last 12 months: $348K in Aug 2025 to $362K in Aug 2026 (+4.0%).

Aug 2025$348K

Aug 2026$362K

The numbers

What is the 23438 housing market like?

Typical home value

$362K

Up4.0%YoY

Median list price

$548K

Up2.2%MoM

Days on market

73

Up55.3%MoM

Homes for sale

15

Down28.6%MoM

Price cuts

23.5%

New listings

0

Down100.0%MoM

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

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The comparison

How do 23438 home prices compare?

  • 23438$361,788
  • Suffolk$453,141
  • Virginia$330,987
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Suffolk: 7 ZIPs; Virginia: 757 ZIPs; United States: 26,265 ZIPs).

Context

Suffolk, VA 23438 is a small market, with just 15 homes for sale and 0 new listings as of 2026-08-1. The typical home value stands at $361,788 and is up 4.0% over the past year, a steady pace of appreciation. The median list price is $547,999, sitting well above the typical value, and homes take a median of 73 days to sell. About 23.5% of current listings have taken a price cut, which suggests some sellers are asking more than buyers will pay. For a seller, the takeaway is that values are rising, but realistic pricing still matters because overpriced homes are sitting and cutting.

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