Market Intelligence · VA / Suffolk

Suffolk, VA 23438 Housing Market

The typical home value in Suffolk, VA 23438 is $356,680, up 4.0% over the past year. The median list price sits at $582,725, with homes spending 101 days on the market as of September 2026.

Updated September 2026Median value$357K

The median home value in Suffolk, VA 23438 is $357K as of September 2026, up 4.0% 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 23438 range

$328K to $385K

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

Sep 2025$343K

Low $343KHigh $357K

Sep 2026$357K

The numbers

What is the 23438 housing market like?

As of September 2026

Typical home value

$357K

4.0%YoY

Median list price

$583K

6.3%MoM

Days on market

101

38.4%MoM

Homes for sale

6.7%MoM

Price cuts

9.1%

61.4%MoM

New listings

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

The outlook

23438 housing market forecast 2027

+1.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23438 to rise 1.8% by September 2027.

Over the 12 months through September 2026, typical home values in 23438 rose 4.0%, per the Zillow Home Value Index.

Will home prices drop in 23438?

Zillow's forecast does not call for a drop: it expects typical home values in 23438 to rise 1.8% by September 2027, after a 4.0% 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 23438 home prices compare?

23438$356,680
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

Suffolk's 23438 ZIP has 14 homes for sale with just 2 new listings in September 2026, indicating a tight supply. The median time on market of 101 days suggests slower movement than in hotter markets, and only 9.1% of listings have seen a price cut. Despite the modest appreciation of 4.0% over the past year, the extended days on market signal that sellers should be realistic about pricing and prepared for a patient sales process.

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Down payment20% · $71,336

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Common questions

What people ask us.

What is the typical home value in 23438?

The typical home value is $356,680, up 4.0% over the past year as of September 2026.

How long do homes typically stay on the market here?

The median days on market is 101 as of September 2026.

What is the median list price in this ZIP?

The median list price in 23438 is $582,725 as of September 2026.

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