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City / Town Overview

Chesapeake, VA

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

Market Analysis

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

The Chesapeake, VA real estate market currently shows 702 active listings, with 6 pending sales. Homes are averaging 35.4 days on the market before going under contract.

Inventory has increased compared to last year, with 27 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 35.4 days on market compared to 33.9 days last year.

The median listing price has risen 0.1% year-over-year, from $507,367 to $508,077.

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, 23321, 23322, 23323, 23324, 23325, 23326, 23327, 23328

Area Map

Market Overview

Active Listings
702
⇧ 4% vs 675 last year
Pending
6
1% pending ratio
Median Price
$508,077
⇧ 0.1% vs $507,367 last year
Average Price
$544,989
⇧ 4.9% vs $519,711 last year
Days on Market
35.4
⇧ 4.4% vs 34 days last year

Price Per Square Foot

Median $/sqft
$228
⇧ 3% vs $221/sqft last year
Median Home Size
2,226 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 %