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Camelot Deep Creek Elizabeth Manor Stewart Manor Sunray Historic District Western Branch

CHESAPEAKE, VA 23321

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 23321

Camelot · Deep Creek · Elizabeth Manor · Stewart Manor · Sunray Historic District · Western Branch

Market Analysis

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

The CHESAPEAKE, VA real estate market (23321) currently shows 86 active listings, with 1 pending sales. Homes are averaging 41 days on the market before going under contract.

Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 41 days on market compared to 25 days last year.

The median listing price has risen 8.5% year-over-year, from $424,725 to $461,000.

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: 38,586  ·  Density: 558.9/mi²  ·  Median household income: $96,235

Typical home value: $334,259  ·  Homeownership: 76.2%

Market Overview

Active Listings
86
⇧ 10.3% vs 78 last year
Pending
1
1% pending ratio
Median Price
$461,000
⇧ 8.5% vs $424,725 last year
Average Price
$450,663
⇧ 4.3% vs $432,168 last year
Days on Market
41
⇧ 64% vs 25 days last year

Price Per Square Foot

Median $/sqft
$214
⇧ 4.9% vs $204/sqft last year
Median Home Size
2,183 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 86 this year vs 78 last year
  • Days on market: 41 now vs 25 last year

Median & Average Pricing

Year over Year
  • Median: $461,000 (+8.5% YoY)
  • Average: $450,663 (+4.3% 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 12.1 miles — 576 listings ($248,508,065 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23321Chesapeake, VA 233210.0 mi85$38,078,725$452,500$447,985
23435Suffolk, VA 234354.1 mi135$73,078,605$517,000$541,323
23707Portsmouth, VA 237075.4 mi43$12,878,973$285,000$299,511
23704Portsmouth, VA 237046.3 mi67$16,890,700$259,900$252,100
23507Norfolk, VA 235077.9 mi21$9,285,234$250,000$442,154
23436Suffolk, VA 234368.1 mi5$5,710,700$719,450$1,142,140
23433Suffolk, VA 234338.3 mi9$7,102,143$690,000$789,127
23523Norfolk, VA 235238.6 mi12$3,965,508$330,000$330,459
23432Suffolk, VA 234328.6 mi3$1,352,901$501,950$450,967
23325Chesapeake, VA 2332510.2 mi18$5,699,880$299,999$316,660
23505Norfolk, VA 2350510.7 mi45$17,479,440$325,000$388,432
23320Chesapeake, VA 2332011.8 mi95$41,889,300$425,000$440,940
23314Carrollton, VA 2331412.1 mi38$15,095,956$342,000$397,262

Frequently Asked Questions

How many homes are for sale in CHESAPEAKE, VA 23321?

As of February 2026, there are 86 active listings in CHESAPEAKE, VA (zip code 23321), compared to 78 the prior year.

What is the median home price in CHESAPEAKE, VA 23321?

The median listing price in CHESAPEAKE, VA 23321 is $461,000 as of February 2026, a 8.5% increase from $424,725 the prior year.

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

Homes in CHESAPEAKE, VA 23321 spend an average of 41 days on the market before going under contract, compared to 25 days the prior year.

Is it a seller's or buyer's market in CHESAPEAKE, VA 23321?

Based on current inventory and days-on-market data as of February 2026, CHESAPEAKE, VA 23321 is currently a Buyer's Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 41 days on market compared to 25 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 23321 save an estimated $9,220 compared to a typical 5% commission on the median listing price of $461,000. 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.