Suffolk, VA Foreclosures
How much do homes sell for in Suffolk, VA?
The average home price is currently $433,959.
In Suffolk, VA, how many homes are available?
There are currently 1 active home listings available in Suffolk.
What’s the average rental cost in Suffolk, VA?
The average rental price in Suffolk is $1,774.
What is the most expensive home in Suffolk?
The most expensive home sold in Suffolk had a price of $104,215,080.
What is currently the cheapest priced home in Suffolk, VA?
The cheapest home for sale in Suffolk is priced at $10,268.
Living in Suffolk, VA
Suffolk, VA, is a rapidly growing city that offers a balance of urban conveniences and suburban charm. It is known for its beautiful parks, rich history, and strong community spirit. Homebuyers in Suffolk can expect diverse real estate options ranging from affordable homes to luxury properties.
Current Market Conditions in Suffolk, VA
Suffolk's real estate market is currently experiencing growth, with an increasing demand for homes fueled by new developments and a stable job market. As more people discover the advantages of living in Suffolk, the housing inventory is gradually tightening, leading to competitive prices.
The market is characterized by a steady appreciation in home values over the past few years, making it a promising location for investment. With an influx of families, retirees, and young professionals, the demand for housing has kept pace with supply, which is crucial for a healthy real estate market.
Home Value Estimator For Suffolk, VA
There are currently 34,304 real estate properties
in Suffolk, VA,
with a median automated valuation model (AVM) price
of $369,249.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Suffolk, VA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Suffolk, VA,
is $433,959.00, with the most expensive house
in Suffolk, VA, topping out
at $104,215,080.00 and the cheapest home
in Suffolk, VA,
clocking in at $10,268.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Suffolk, VA!
Rent Prices
In Suffolk, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Suffolk, VA, is on
a rollercoaster ride. The
average rent price in Suffolk, VA,
is $1,774.00. Indeed, when looking to rent in
Suffolk, VA, you can expect to pay as little
as $640.00 or as much
as $6,490.00,
with the average rent median estimated to
be $1,660.00. The good news is that finding
an affordable and desirable property to rent in Suffolk, VA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
