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CHESTER, VA 23831

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

Market Overview

Active Listings
98
⇩ 14% vs 114 last year
Pending
44
45% pending ratio
Median Price
$412,000
⇩ 6.5% vs $440,623 last year
Average Price
$444,925
⇩ 1.8% vs $452,934 last year
Days on Market
48
⇩ 42.9% vs 84 days last year

Market Context

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

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

Market Analysis

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

The CHESTER, VA real estate market (23831) currently shows 98 active listings, with 44 pending sales. Homes are averaging 48 days on the market before going under contract.

Inventory has tightened compared to last year, with 16 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 48 days on market compared to 84 days last year.

The median listing price has fallen 6.5% year-over-year, from $440,623 to $412,000.

Whether you are buying or selling in CHESTER, 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: 98 this year vs 114 last year
  • Days on market: 48 now vs 84 last year

Median & Average Pricing

Year over Year
  • Median: $412,000 (-6.5% YoY)
  • Average: $444,925 (-1.8% 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 15.6 miles — 1,212 listings ($508,649,873 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23831Chester, VA 238310.0 mi98$43,602,650$412,000$444,925
23834Colonial Heights, VA 238344.7 mi67$23,360,220$335,000$348,660
23234Richmond, VA 232347.6 mi126$42,379,344$310,000$336,344
23803Petersburg, VA 238039.3 mi181$49,503,862$277,450$273,502
23838Chesterfield, VA 2383810.2 mi74$50,544,664$681,774$683,036
23236Richmond, VA 2323611.7 mi72$35,905,680$464,995$498,690
23885Sutherland, VA 2388513.1 mi10$5,750,000$542,500$575,000
23860Hopewell, VA 2386013.2 mi108$32,010,552$279,000$296,394
23112Midlothian, VA 2311213.4 mi188$100,513,072$460,000$534,644
23220Richmond, VA 2322014.2 mi81$42,304,923$449,998$522,283
23114Midlothian, VA 2311415.0 mi103$45,728,910$446,112$443,970
23805Petersburg, VA 2380515.2 mi52$15,160,184$275,000$291,542
23150Sandston, VA 2315015.6 mi52$21,885,812$334,500$420,881

Frequently Asked Questions

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

As of January 2026, there are 98 active listings in CHESTER, VA (zip code 23831), compared to 114 the prior year.

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

The median listing price in CHESTER, VA 23831 is $412,000 as of January 2026, a 6.5% decrease from $440,623 the prior year.

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

Homes in CHESTER, VA 23831 spend an average of 48 days on the market before going under contract, compared to 84 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 January 2026, CHESTER, VA 23831 is currently a Seller's Market. Inventory has tightened compared to last year, with 16 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 48 days on market compared to 84 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 $8,240 compared to a typical 5% commission on the median listing price of $412,000. 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.