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Butts Road Deep Creek Fentress Historic District Great Bridge Pleasant Grove Southern Chesapeake

CHESAPEAKE, VA 23322

Real Estate Market Report
Seller's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 23322

Butts Road · Deep Creek · Fentress Historic District · Great Bridge · Pleasant Grove · Southern Chesapeake

Market Analysis

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

The CHESAPEAKE, VA real estate market (23322) currently shows 151 active listings, with 2 pending sales. Homes are averaging 32 days on the market before going under contract.

Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 32 days on market compared to 44 days last year.

The median listing price has fallen 6.7% year-over-year, from $674,950 to $629,750.

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: 66,091  ·  Density: 135.9/mi²  ·  Median household income: $129,628

Typical home value: $434,812  ·  Homeownership: 88.0%

Market Overview

Active Listings
151
⇩ 5% vs 159 last year
Pending
2
1% pending ratio
Median Price
$629,750
⇩ 6.7% vs $674,950 last year
Average Price
$684,792
⇧ 1.3% vs $675,978 last year
Days on Market
32
⇩ 27.3% vs 44 days last year

Price Per Square Foot

Median $/sqft
$249
⇧ 2.9% vs $242/sqft last year
Median Home Size
2,603 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 151 this year vs 159 last year
  • Days on market: 32 now vs 44 last year

Median & Average Pricing

Year over Year
  • Median: $629,750 (-6.7% YoY)
  • Average: $684,792 (+1.3% 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 17.6 miles — 781 listings ($423,048,767 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23322Chesapeake, VA 233220.0 mi146$101,752,364$648,450$696,934
23320Chesapeake, VA 233209.1 mi86$37,215,554$405,975$432,739
27958Moyock, NC 2795811.5 mi131$72,801,547$559,400$555,737
23702Portsmouth, VA 2370212.6 mi35$8,184,155$223,724$233,833
23325Chesapeake, VA 2332513.1 mi20$9,582,400$340,000$479,120
23704Portsmouth, VA 2370414.0 mi68$17,330,412$259,700$254,859
23523Norfolk, VA 2352314.2 mi14$4,144,252$277,500$296,018
23456Virginia Beach, VA 2345614.9 mi127$120,153,938$694,000$946,094
23707Portsmouth, VA 2370715.4 mi37$10,476,328$280,950$283,144
23504Norfolk, VA 2350415.9 mi50$15,302,500$280,000$306,050
27950Knotts Island, NC 2795016.5 mi9$4,696,821$532,500$521,869
23502Norfolk, VA 2350216.6 mi29$11,410,398$342,500$393,462
23509Norfolk, VA 2350917.6 mi29$9,998,098$284,975$344,762

Frequently Asked Questions

How many homes are for sale in CHESAPEAKE, VA 23322?

As of March 2026, there are 151 active listings in CHESAPEAKE, VA (zip code 23322), compared to 159 the prior year.

What is the median home price in CHESAPEAKE, VA 23322?

The median listing price in CHESAPEAKE, VA 23322 is $629,750 as of March 2026, a 6.7% decrease from $674,950 the prior year.

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

Homes in CHESAPEAKE, VA 23322 spend an average of 32 days on the market before going under contract, compared to 44 days the prior year.

Is it a seller's or buyer's market in CHESAPEAKE, VA 23322?

Based on current inventory and days-on-market data as of March 2026, CHESAPEAKE, VA 23322 is currently a Seller's Market. Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 32 days on market compared to 44 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 23322 save an estimated $12,595 compared to a typical 5% commission on the median listing price of $629,750. 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.