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City / Town Overview

Chesapeake, VA

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

Market Analysis

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

The Chesapeake, VA real estate market currently shows 461 active listings, with 4 pending sales. Homes are averaging 29.6 days on the market before going under contract.

Inventory has tightened compared to last year, with 28 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 29.6 days on market compared to 37.1 days last year.

The median listing price has fallen 1.1% year-over-year, from $494,003 to $488,351.

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, 23323, 23325, 23326

Oak Grove: 23327, 23328

Benefit: 23322

South Hill: 23324

Area Map

Market Overview

Active Listings
461
⇩ 5.7% vs 489 last year
Pending
4
1% pending ratio
Median Price
$488,351
⇩ 1.1% vs $494,003 last year
Average Price
$517,602
⇧ 1.5% vs $509,808 last year
Days on Market
29.6
⇩ 20.2% vs 37 days last year

Price Per Square Foot

Median $/sqft
$226
⇧ 2.5% vs $221/sqft last year
Median Home Size
2,140 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 %