MyMarketPulse (mymarketpulse.com) just released its analysis of the May 2024 market data for Suffolk, Virginia.
The Median Sale Price for properties in Suffolk was documented at $417,945 for May 2024. This price point is an upward move of 1.6% from the previous month and shows a 11.5% rise from the year before.
Sales of homes in the region saw 144 homes changing hands. This represents an increase of 19.0% from the month before and down 2.7% compared to the same month last year.
Homes remained on the market for a median of 30 days, which is down 4 days from the month before and up 5 days from the previous year.
Suffolk’s Market Pulse Score currently stands at 108 indicating a rising trend for the market.
For more information about the Suffolk, Virginia market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
MyMarketPulse – What the Pros Know