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Camelot Deep Creek Elizabeth Manor Stewart Manor Sunray Historic District Western Branch

CHESAPEAKE, VA 23321

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 23321

Camelot · Deep Creek · Elizabeth Manor · Stewart Manor · Sunray Historic District · Western Branch

Market Analysis

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

The CHESAPEAKE, VA real estate market (23321) currently shows 81 active listings. Homes are averaging 36 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 36 days on market compared to 33 days last year.

The median listing price has risen 11.8% year-over-year, from $425,000 to $475,125.

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: 38,586  ·  Density: 558.9/mi²  ·  Median household income: $96,235

Typical home value: $334,259  ·  Homeownership: 76.2%

Market Overview

Active Listings
81
vs 81 last year
Pending
0
0% pending ratio
Median Price
$475,125
⇧ 11.8% vs $425,000 last year
Average Price
$461,198
⇧ 8.7% vs $424,468 last year
Days on Market
36
⇧ 9.1% vs 33 days last year

Price Per Square Foot

Median $/sqft
$213
⇧ 4.4% vs $204/sqft last year
Median Home Size
2,196 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 36 now vs 33 last year

Median & Average Pricing

Year over Year
  • Median: $475,125 (+11.8% YoY)
  • Average: $461,198 (+8.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 12.1 miles — 581 listings ($254,754,244 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23321Chesapeake, VA 233210.0 mi86$38,757,018$461,000$450,663
23435Suffolk, VA 234354.1 mi150$80,041,500$514,900$533,610
23707Portsmouth, VA 237075.4 mi37$10,476,328$280,950$283,144
23704Portsmouth, VA 237046.3 mi68$17,330,412$259,700$254,859
23507Norfolk, VA 235077.9 mi19$8,106,445$252,750$426,655
23436Suffolk, VA 234368.1 mi5$5,359,700$654,900$1,071,940
23433Suffolk, VA 234338.3 mi10$8,196,400$656,175$819,640
23523Norfolk, VA 235238.6 mi14$4,144,252$277,500$296,018
23432Suffolk, VA 234328.6 mi3$1,416,339$449,500$472,113
23325Chesapeake, VA 2332510.2 mi20$9,582,400$340,000$479,120
23505Norfolk, VA 2350510.7 mi46$19,165,762$318,825$416,647
23320Chesapeake, VA 2332011.8 mi86$37,215,554$405,975$432,739
23314Carrollton, VA 2331412.1 mi37$14,962,134$342,718$404,382

Frequently Asked Questions

How many homes are for sale in CHESAPEAKE, VA 23321?

As of March 2026, there are 81 active listings in CHESAPEAKE, VA (zip code 23321), compared to 81 the prior year.

What is the median home price in CHESAPEAKE, VA 23321?

The median listing price in CHESAPEAKE, VA 23321 is $475,125 as of March 2026, a 11.8% increase from $425,000 the prior year.

How long do homes stay on the market in CHESAPEAKE, VA?

Homes in CHESAPEAKE, VA 23321 spend an average of 36 days on the market before going under contract, compared to 33 days the prior year.

Is it a seller's or buyer's market in CHESAPEAKE, VA 23321?

Based on current inventory and days-on-market data as of March 2026, CHESAPEAKE, VA 23321 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 36 days on market compared to 33 days last year.

How much can I save on real estate commission in CHESAPEAKE, VA?

With SELL123.com's maximum 3% commission, sellers in CHESAPEAKE, VA 23321 save an estimated $9,503 compared to a typical 5% commission on the median listing price of $475,125. 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.