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CHESAPEAKE, VA 23323

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

Market Overview

Active Listings
73
⇩ 7.6% vs 79 last year
Pending
0
0% pending ratio
Median Price
$450,000
⇧ 2.7% vs $438,000 last year
Average Price
$480,176
⇩ 2.1% vs $490,534 last year
Days on Market
45
⇩ 2.2% vs 46 days last year

Market Context

Population: 41,909  ·  Density: 197.5/mi²  ·  Median household income: $99,407

Typical home value: $320,754  ·  Homeownership: 80.8%

Market Analysis

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

The CHESAPEAKE, VA real estate market (23323) currently shows 73 active listings. Homes are averaging 45 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 45 days on market compared to 46 days last year.

The median listing price has risen 2.7% year-over-year, from $438,000 to $450,000.

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.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 73 this year vs 79 last year
  • Days on market: 45 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $450,000 (+2.7% YoY)
  • Average: $480,176 (-2.1% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 14.8 miles — 872 listings ($399,269,007 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23323Chesapeake, VA 233230.0 mi73$35,052,848$450,000$480,176
23702Portsmouth, VA 237027.2 mi35$8,948,415$245,000$255,669
23322Chesapeake, VA 233228.3 mi144$101,792,448$664,000$706,892
23704Portsmouth, VA 237049.0 mi67$16,890,700$259,900$252,100
23707Portsmouth, VA 237079.6 mi43$12,878,973$285,000$299,511
23435Suffolk, VA 2343510.6 mi135$73,078,605$517,000$541,323
23510Norfolk, VA 2351011.1 mi40$16,822,480$327,250$420,562
23434Suffolk, VA 2343411.7 mi176$70,559,808$375,000$400,908
23504Norfolk, VA 2350412.1 mi50$15,550,500$287,250$311,010
23464Virginia Beach, VA 2346412.7 mi73$31,454,021$424,500$430,877
23509Norfolk, VA 2350913.7 mi28$9,176,608$281,450$327,736
23432Suffolk, VA 2343214.7 mi3$1,352,901$501,950$450,967
23436Suffolk, VA 2343614.8 mi5$5,710,700$719,450$1,142,140

Frequently Asked Questions

How many homes are for sale in CHESAPEAKE, VA 23323?

As of January 2026, there are 73 active listings in CHESAPEAKE, VA (zip code 23323), compared to 79 the prior year.

What is the median home price in CHESAPEAKE, VA 23323?

The median listing price in CHESAPEAKE, VA 23323 is $450,000 as of January 2026, a 2.7% increase from $438,000 the prior year.

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

Homes in CHESAPEAKE, VA 23323 spend an average of 45 days on the market before going under contract, compared to 46 days the prior year.

Is it a seller's or buyer's market in CHESAPEAKE, VA 23323?

Based on current inventory and days-on-market data as of January 2026, CHESAPEAKE, VA 23323 is currently a Seller's Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 45 days on market compared to 46 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 23323 save an estimated $9,000 compared to a typical 5% commission on the median listing price of $450,000. 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.