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Butts Road Deep Creek Fentress Historic District Great Bridge Pleasant Grove Southern Chesapeake

CHESAPEAKE, VA 23322

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

Neighborhoods in ZIP 23322

Butts Road · Deep Creek · Fentress Historic District · Great Bridge · Pleasant Grove · Southern Chesapeake

Market Analysis

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

The CHESAPEAKE, VA real estate market (23322) currently shows 146 active listings. Homes are averaging 38 days on the market before going under contract.

Inventory has tightened compared to last year, with 13 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 38 days on market compared to 47 days last year.

The median listing price has fallen 0.6% year-over-year, from $652,168 to $648,450.

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: 66,091  ·  Density: 135.9/mi²  ·  Median household income: $129,628

Typical home value: $434,812  ·  Homeownership: 88.0%

Market Overview

Active Listings
146
⇩ 8.2% vs 159 last year
Pending
0
0% pending ratio
Median Price
$648,450
⇩ 0.6% vs $652,168 last year
Average Price
$696,934
⇧ 4.9% vs $664,624 last year
Days on Market
38
⇩ 19.1% vs 47 days last year

Price Per Square Foot

Median $/sqft
$248
⇧ 2.9% vs $241/sqft last year
Median Home Size
2,642 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 146 this year vs 159 last year
  • Days on market: 38 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $648,450 (-0.6% YoY)
  • Average: $696,934 (+4.9% 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 17.6 miles — 764 listings ($402,215,981 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23322Chesapeake, VA 233220.0 mi144$101,792,448$664,000$706,892
23320Chesapeake, VA 233209.1 mi95$41,889,300$425,000$440,940
27958Moyock, NC 2795811.5 mi113$61,296,624$546,450$542,448
23702Portsmouth, VA 2370212.6 mi35$8,948,415$245,000$255,669
23325Chesapeake, VA 2332513.1 mi18$5,699,880$299,999$316,660
23704Portsmouth, VA 2370414.0 mi67$16,890,700$259,900$252,100
23523Norfolk, VA 2352314.2 mi12$3,965,508$330,000$330,459
23456Virginia Beach, VA 2345614.9 mi123$108,716,748$640,000$883,876
23707Portsmouth, VA 2370715.4 mi43$12,878,973$285,000$299,511
23504Norfolk, VA 2350415.9 mi50$15,550,500$287,250$311,010
27950Knotts Island, NC 2795016.5 mi11$5,363,127$440,000$487,557
23502Norfolk, VA 2350216.6 mi25$10,047,150$357,500$401,886
23509Norfolk, VA 2350917.6 mi28$9,176,608$281,450$327,736

Frequently Asked Questions

How many homes are for sale in CHESAPEAKE, VA 23322?

As of February 2026, there are 146 active listings in CHESAPEAKE, VA (zip code 23322), compared to 159 the prior year.

What is the median home price in CHESAPEAKE, VA 23322?

The median listing price in CHESAPEAKE, VA 23322 is $648,450 as of February 2026, a 0.6% decrease from $652,168 the prior year.

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

Homes in CHESAPEAKE, VA 23322 spend an average of 38 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 CHESAPEAKE, VA 23322?

Based on current inventory and days-on-market data as of February 2026, CHESAPEAKE, VA 23322 is currently a Seller's Market. Inventory has tightened compared to last year, with 13 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 38 days on market compared to 47 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 23322 save an estimated $12,969 compared to a typical 5% commission on the median listing price of $648,450. 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.