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Greenbrier Indian River Rivercrest Washington

CHESAPEAKE, VA 23320

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

Neighborhoods in ZIP 23320

Greenbrier · Indian River · Rivercrest · Washington

Market Analysis

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

The CHESAPEAKE, VA real estate market (23320) currently shows 86 active listings, with 2 pending sales. Homes are averaging 28 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 taking longer to sell, averaging 28 days on market compared to 27 days last year.

The median listing price has fallen 1.6% year-over-year, from $412,475 to $405,975.

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: 62,000  ·  Density: 754.2/mi²  ·  Median household income: $81,963

Typical home value: $312,512  ·  Homeownership: 63.5%

Market Overview

Active Listings
86
⇩ 15.7% vs 102 last year
Pending
2
2% pending ratio
Median Price
$405,975
⇩ 1.6% vs $412,475 last year
Average Price
$432,739
vs $432,528 last year
Days on Market
28
⇧ 3.7% vs 27 days last year

Price Per Square Foot

Median $/sqft
$220
⇧ 1.9% vs $216/sqft last year
Median Home Size
1,861 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 86 this year vs 102 last year
  • Days on market: 28 now vs 27 last year

Median & Average Pricing

Year over Year
  • Median: $405,975 (-1.6% YoY)
  • Average: $432,739 (+0% 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 10.4 miles — 635 listings ($357,296,254 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23320Chesapeake, VA 233200.0 mi95$41,889,300$425,000$440,940
23325Chesapeake, VA 233254.5 mi18$5,699,880$299,999$316,660
23523Norfolk, VA 235236.3 mi12$3,965,508$330,000$330,459
23702Portsmouth, VA 237027.0 mi35$8,948,415$245,000$255,669
23502Norfolk, VA 235027.7 mi25$10,047,150$357,500$401,886
23510Norfolk, VA 235108.0 mi40$16,822,480$327,250$420,562
23507Norfolk, VA 235079.1 mi21$9,285,234$250,000$442,154
23322Chesapeake, VA 233229.1 mi144$101,792,448$664,000$706,892
23509Norfolk, VA 235099.3 mi28$9,176,608$281,450$327,736
23450Virginia Beach, VA 234509.4 mi1$200,000$200,000$200,000
23452Virginia Beach, VA 234529.5 mi50$24,090,800$377,500$481,816
23456Virginia Beach, VA 2345610.2 mi123$108,716,748$640,000$883,876
23508Norfolk, VA 2350810.4 mi43$16,661,683$364,900$387,481

Frequently Asked Questions

How many homes are for sale in CHESAPEAKE, VA 23320?

As of February 2026, there are 86 active listings in CHESAPEAKE, VA (zip code 23320), compared to 102 the prior year.

What is the median home price in CHESAPEAKE, VA 23320?

The median listing price in CHESAPEAKE, VA 23320 is $405,975 as of February 2026, a 1.6% decrease from $412,475 the prior year.

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

Homes in CHESAPEAKE, VA 23320 spend an average of 28 days on the market before going under contract, compared to 27 days the prior year.

Is it a seller's or buyer's market in CHESAPEAKE, VA 23320?

Based on current inventory and days-on-market data as of February 2026, CHESAPEAKE, VA 23320 is currently a Balanced Market. Inventory has tightened compared to last year, with 16 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 28 days on market compared to 27 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 23320 save an estimated $8,120 compared to a typical 5% commission on the median listing price of $405,975. 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.