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City / Town Overview

Chesapeake, VA

Aggregate real estate market report across all ZIPs in scope
Seller's Market
April 2026  ·  Source: Realtor.com

Market Analysis

Data as of April 2026. Source: Realtor.com.

The Chesapeake, VA real estate market currently shows 494 active listings, with 4 pending sales. Homes are averaging 27.7 days on the market before going under contract.

Inventory has tightened compared to last year, with 36 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 27.7 days on market compared to 32.9 days last year.

The median listing price has fallen 2.5% year-over-year, from $508,251 to $495,354.

Whether you are buying or selling in Chesapeake, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 249,659  ·  Density: 600.4/mi²  ·  Median household income: $96,814

Typical home value: $336,272  ·  Homeownership: 74.2%

Included Areas

Chesapeake: 23320, 23323

Oak Grove: 23327, 23328

Forest Hills: 23321

Benefit: 23322

South Hill: 23324

Norfolk Highlands: 23325

Summit Pointe: 23326

Area Map

Market Overview

Active Listings
494
⇩ 6.8% vs 530 last year
Pending
4
1% pending ratio
Median Price
$495,354
⇩ 2.5% vs $508,251 last year
Average Price
$528,708
⇧ 1.2% vs $522,311 last year
Days on Market
27.7
⇩ 15.8% vs 33 days last year

Price Per Square Foot

Median $/sqft
$225
⇧ 0.6% vs $224/sqft last year
Median Home Size
2,213 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %