Population: 62,000 · Density: 754.2/mi² · Median household income: $81,963
Typical home value: $312,512 · Homeownership: 63.5%
Data as of January 2026. Source: Realtor.com.
The CHESAPEAKE, VA real estate market (23320) currently shows 95 active listings. Homes are averaging 43 days on the market before going under contract.
Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 43 days on market compared to 34 days last year.
The median listing price has risen 5.9% year-over-year, from $401,225 to $425,000.
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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 23320 | Chesapeake, VA 23320 | 0.0 mi | 95 | $41,889,300 | $425,000 | $440,940 |
| 23325 | Chesapeake, VA 23325 | 4.5 mi | 18 | $5,699,880 | $299,999 | $316,660 |
| 23523 | Norfolk, VA 23523 | 6.3 mi | 12 | $3,965,508 | $330,000 | $330,459 |
| 23702 | Portsmouth, VA 23702 | 7.0 mi | 35 | $8,948,415 | $245,000 | $255,669 |
| 23502 | Norfolk, VA 23502 | 7.7 mi | 25 | $10,047,150 | $357,500 | $401,886 |
| 23510 | Norfolk, VA 23510 | 8.0 mi | 40 | $16,822,480 | $327,250 | $420,562 |
| 23507 | Norfolk, VA 23507 | 9.1 mi | 21 | $9,285,234 | $250,000 | $442,154 |
| 23322 | Chesapeake, VA 23322 | 9.1 mi | 144 | $101,792,448 | $664,000 | $706,892 |
| 23509 | Norfolk, VA 23509 | 9.3 mi | 28 | $9,176,608 | $281,450 | $327,736 |
| 23450 | Virginia Beach, VA 23450 | 9.4 mi | 1 | $200,000 | $200,000 | $200,000 |
| 23452 | Virginia Beach, VA 23452 | 9.5 mi | 50 | $24,090,800 | $377,500 | $481,816 |
| 23456 | Virginia Beach, VA 23456 | 10.2 mi | 123 | $108,716,748 | $640,000 | $883,876 |
| 23508 | Norfolk, VA 23508 | 10.4 mi | 43 | $16,661,683 | $364,900 | $387,481 |
As of January 2026, there are 95 active listings in CHESAPEAKE, VA (zip code 23320), compared to 96 the prior year.
The median listing price in CHESAPEAKE, VA 23320 is $425,000 as of January 2026, a 5.9% increase from $401,225 the prior year.
Homes in CHESAPEAKE, VA 23320 spend an average of 43 days on the market before going under contract, compared to 34 days the prior year.
Based on current inventory and days-on-market data as of January 2026, CHESAPEAKE, VA 23320 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 43 days on market compared to 34 days last year.
With SELL123.com's maximum 3% commission, sellers in CHESAPEAKE, VA 23320 save an estimated $8,500 compared to a typical 5% commission on the median listing price of $425,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.