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City / Town Overview

Chesapeake, VA

Aggregate real estate market report across all ZIPs in scope
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The Chesapeake, VA real estate market currently shows 444 active listings, with 3 pending sales. Homes are averaging 36.3 days on the market before going under contract.

Inventory has tightened compared to last year, with 40 fewer active listings — creating more competition among buyers.

The median listing price has risen 1% year-over-year, from $488,229 to $493,081.

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 Context

Market Context

Population: 249,659  ·  Density: 600.4/mi²  ·  Median household income: $96,814

Typical home value: $336,272  ·  Homeownership: 74.2%

Included Areas

Chesapeake: 23320, 23321, 23322, 23323, 23324, 23325, 23326, 23327, 23328

Area Map

Market Overview

Active Listings
444
⇩ 8.3% vs 484 last year
Pending
3
1% pending ratio
Median Price
$493,081
⇧ 1% vs $488,229 last year
Average Price
$518,009
⇧ 2.7% vs $504,386 last year
Days on Market
36.3
vs 36 days last year

Price Per Square Foot

Median $/sqft
$226
⇧ 2.6% vs $220/sqft last year
Median Home Size
2,162 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %