Call or Text (240) SELL-123
Indian River Oaklette Historic District Washington

CHESAPEAKE, VA 23325

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

Neighborhoods in ZIP 23325

Indian River · Oaklette Historic District · Washington

Market Analysis

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

The CHESAPEAKE, VA real estate market (23325) currently shows 17 active listings. Homes are averaging 31 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 31 days on market compared to 22 days last year.

The median listing price has risen 0.8% year-over-year, from $330,000 to $332,500.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for CHESAPEAKE, VA 23325 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 18,230  ·  Density: 1,867.7/mi²  ·  Median household income: $72,708

Typical home value: $245,869  ·  Homeownership: 65.1%

Market Overview

Active Listings
17
⇩ 15% vs 20 last year
Pending
0
0% pending ratio
Median Price
$332,500
⇧ 0.8% vs $330,000 last year
Average Price
$514,152
⇧ 27.7% vs $402,527 last year
Days on Market
31
⇧ 40.9% vs 22 days last year

Price Per Square Foot

Median $/sqft
$193
⇩ 8.1% vs $210/sqft last year
Median Home Size
1,506 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 17 this year vs 20 last year
  • Days on market: 31 now vs 22 last year

Median & Average Pricing

Year over Year
  • Median: $332,500 (+0.8% YoY)
  • Average: $514,152 (+27.7% 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 9.2 miles — 607 listings ($227,238,731 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23325Chesapeake, VA 233250.0 mi20$9,582,400$340,000$479,120
23324Chesapeake, VA 233242.3 mi43$11,913,193$268,725$277,051
23464Virginia Beach, VA 234643.5 mi64$26,882,176$405,000$420,034
23510Norfolk, VA 235103.9 mi39$15,795,351$298,750$405,009
23320Chesapeake, VA 233204.5 mi86$37,215,554$405,975$432,739
23509Norfolk, VA 235094.8 mi29$9,998,098$284,975$344,762
23702Portsmouth, VA 237024.9 mi35$8,184,155$223,724$233,833
23513Norfolk, VA 235135.1 mi57$17,493,471$304,450$306,903
23508Norfolk, VA 235086.2 mi33$12,000,318$349,950$363,646
23701Portsmouth, VA 237017.2 mi60$15,952,740$260,000$265,879
23505Norfolk, VA 235057.4 mi46$19,165,762$318,825$416,647
23452Virginia Beach, VA 234528.4 mi52$26,635,232$382,000$512,216
23453Virginia Beach, VA 234539.2 mi43$16,420,281$336,000$381,867

Frequently Asked Questions

How many homes are for sale in CHESAPEAKE, VA 23325?

As of March 2026, there are 17 active listings in CHESAPEAKE, VA (zip code 23325), compared to 20 the prior year.

What is the median home price in CHESAPEAKE, VA 23325?

The median listing price in CHESAPEAKE, VA 23325 is $332,500 as of March 2026, a 0.8% increase from $330,000 the prior year.

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

Homes in CHESAPEAKE, VA 23325 spend an average of 31 days on the market before going under contract, compared to 22 days the prior year.

Is it a seller's or buyer's market in CHESAPEAKE, VA 23325?

Based on current inventory and days-on-market data as of March 2026, CHESAPEAKE, VA 23325 is currently a Balanced Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 31 days on market compared to 22 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 23325 save an estimated $6,650 compared to a typical 5% commission on the median listing price of $332,500. 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.