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CHESTER, VA 23831

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

Market Analysis

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

The CHESTER, VA real estate market (23831) currently shows 149 active listings, with 54 pending sales. Homes are averaging 37 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are selling faster, averaging 37 days on market compared to 47 days last year.

The median listing price has risen 0% year-over-year, from $399,938 to $399,963.

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Market Context

Market Context

Population: 36,606  ·  Density: 597.7/mi²  ·  Median household income: $90,964

Typical home value: $286,795  ·  Homeownership: 74.0%

Market Overview

Active Listings
149
⇧ 8% vs 138 last year
Pending
54
36% pending ratio
Median Price
$399,963
— vs $399,938 last year
Average Price
$460,226
⇧ 4.5% vs $440,288 last year
Days on Market
37
⇩ 21.3% vs 47 days last year

Price Per Square Foot

Median $/sqft
$189
⇩ 1.6% vs $192/sqft last year
Median Home Size
2,204 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 149 this year vs 138 last year
  • Days on market: 37 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $399,963 (+0% YoY)
  • Average: $460,226 (+4.5% 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 15.6 miles — 1,209 listings ($506,959,018 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23831Chester, VA 238310.0 mi103$46,260,081$412,463$449,127
23834Colonial Heights, VA 238344.7 mi71$23,347,924$324,950$328,844
23234Richmond, VA 232347.6 mi124$42,162,976$321,225$340,024
23803Petersburg, VA 238039.3 mi179$48,114,126$259,725$268,794
23838Chesterfield, VA 2383810.2 mi69$47,495,598$692,906$688,342
23236Richmond, VA 2323611.7 mi71$35,420,338$452,448$498,878
23885Sutherland, VA 2388513.1 mi11$5,305,388$472,400$482,308
23860Hopewell, VA 2386013.2 mi110$34,279,410$290,000$311,631
23112Midlothian, VA 2311213.4 mi196$107,038,540$479,775$546,115
23220Richmond, VA 2322014.2 mi71$37,718,821$432,250$531,251
23114Midlothian, VA 2311415.0 mi104$47,842,496$450,916$460,024
23805Petersburg, VA 2380515.2 mi48$14,470,224$304,713$301,463
23150Sandston, VA 2315015.6 mi52$17,503,096$324,600$336,598

Frequently Asked Questions

How many homes are for sale in CHESTER, VA 23831?

As of September 2026, there are 149 active listings in CHESTER, VA (zip code 23831), compared to 138 the prior year.

What is the median home price in CHESTER, VA 23831?

The median listing price in CHESTER, VA 23831 is $399,963 as of September 2026, a 0% increase from $399,938 the prior year.

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

Homes in CHESTER, VA 23831 spend an average of 37 days on the market before going under contract, compared to 47 days the prior year.

Is it a seller's or buyer's market in CHESTER, VA 23831?

Based on current inventory and days-on-market data as of September 2026, CHESTER, VA 23831 is currently a Balanced Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are selling faster, averaging 37 days on market compared to 47 days last year.

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

With SELL123.com's maximum 3% commission, sellers in CHESTER, VA 23831 save an estimated $7,999 compared to a typical 5% commission on the median listing price of $399,963. 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.