The Downtown Suffolk housing market is somewhat competitive. The median sale price of a home in Downtown Suffolk was $300K last month, up 11.7% since last year. The median sale price per square foot in Downtown Suffolk is $141, up 73.0% since last year.
What is the housing market like in Downtown Suffolk today?
In December 2024, Downtown Suffolk home prices were up 11.7% compared to last year, selling for a median price of $300K. On average, homes in Downtown Suffolk sell after 44 days on the market compared to 60 days last year. There were 9 homes sold in December this year, down from 10 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$299,999
+11.7% YoY | Dec 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Dec 2024
Growth
% YoY
Downtown Suffolk, VA
$299,999
+11.7%
United States
To compare other locations to the Downtown Suffolk and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Suffolk add value to a home.
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How hot is the Downtown Suffolk housing market?
Downtown Suffolk is somewhat competitive. Homes sell in 45 days.
0
100
43
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Some homes get multiple offers.
The average homes sell for about 5% below list price and go pending in around 45 days.
Hot homes
can sell for about 1% above list price and go pending in around 27 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Downtown Suffolk housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Suffolk.
Flood Factor - Minor
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Suffolk has a minor risk of flooding. 111 properties in Downtown Suffolk are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in Downtown Suffolk. Flood risk is increasing slower than the national average.
92% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Suffolk has a moderate risk of wildfire. There are 1,025 properties in Downtown Suffolk that have some risk of being affected by wildfire over the next 30 years. This represents 92% of all properties in Downtown Suffolk.
100% of properties are at severe
risk of a severe wind event over the next 30 years
Wind Factor
Downtown Suffolk has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Suffolk is most at risk from hurricanes. 1,106 properties in Downtown Suffolk have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 102 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 113 mph.
94% of properties are at extreme
risk of heat over the next 30 years
Heat Factor
Downtown Suffolk has an extreme risk from heat. This is due to
"feels like" temperatures
increasing, and because 94% of homes in Downtown Suffolk have an Extreme Heat Factor®.
Downtown Suffolk is expected to see a 114% increase in the number of days over 108ºF over the next 30 years. Downtown Suffolk is expected to experience 6