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South Hill

CHESAPEAKE, VA 23324

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

Market Overview

Active Listings
55
⇧ 12.2% vs 49 last year
Pending
0
0% pending ratio
Median Price
$290,000
⇧ 5.5% vs $274,975 last year
Average Price
$298,909
⇧ 7.9% vs $277,026 last year
Days on Market
51
⇩ 3.8% vs 53 days last year

Market Context

Population: 22,843  ·  Density: 1,325.3/mi²  ·  Median household income: $57,636

Typical home value: $219,673  ·  Homeownership: 55.5%

Market Analysis

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

The CHESAPEAKE, VA real estate market (23324) currently shows 55 active listings. Homes are averaging 51 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are selling faster, averaging 51 days on market compared to 53 days last year.

The median listing price has risen 5.5% year-over-year, from $274,975 to $290,000.

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: 55 this year vs 49 last year
  • Days on market: 51 now vs 53 last year

Median & Average Pricing

Year over Year
  • Median: $290,000 (+5.5% YoY)
  • Average: $298,909 (+7.9% 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 10.2 miles — 667 listings ($253,092,369 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23324Chesapeake, VA 233240.0 mi55$16,439,995$290,000$298,909
23523Norfolk, VA 235232.3 mi12$3,965,508$330,000$330,459
23702Portsmouth, VA 237022.9 mi35$8,948,415$245,000$255,669
23504Norfolk, VA 235044.0 mi50$15,550,500$287,250$311,010
23707Portsmouth, VA 237074.6 mi43$12,878,973$285,000$299,511
23517Norfolk, VA 235174.9 mi11$3,461,832$292,450$314,712
23464Virginia Beach, VA 234645.3 mi73$31,454,021$424,500$430,877
23509Norfolk, VA 235095.7 mi28$9,176,608$281,450$327,736
23513Norfolk, VA 235136.5 mi48$14,308,368$292,500$298,091
23703Portsmouth, VA 237037.7 mi72$25,197,552$348,500$349,966
23321Chesapeake, VA 233218.1 mi85$38,078,725$452,500$447,985
23518Norfolk, VA 235188.7 mi88$44,206,008$395,000$502,341
23503Norfolk, VA 2350310.2 mi67$29,425,864$350,000$439,192

Frequently Asked Questions

How many homes are for sale in CHESAPEAKE, VA 23324?

As of January 2026, there are 55 active listings in CHESAPEAKE, VA (zip code 23324), compared to 49 the prior year.

What is the median home price in CHESAPEAKE, VA 23324?

The median listing price in CHESAPEAKE, VA 23324 is $290,000 as of January 2026, a 5.5% increase from $274,975 the prior year.

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

Homes in CHESAPEAKE, VA 23324 spend an average of 51 days on the market before going under contract, compared to 53 days the prior year.

Is it a seller's or buyer's market in CHESAPEAKE, VA 23324?

Based on current inventory and days-on-market data as of January 2026, CHESAPEAKE, VA 23324 is currently a Balanced Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are selling faster, averaging 51 days on market compared to 53 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 23324 save an estimated $5,800 compared to a typical 5% commission on the median listing price of $290,000. 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.