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Indian River Oaklette Historic District Washington

CHESAPEAKE, VA 23325

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

Neighborhoods in ZIP 23325

Indian River · Oaklette Historic District · Washington

Market Analysis

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

The CHESAPEAKE, VA real estate market (23325) currently shows 20 active listings. Homes are averaging 27 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 27 days on market compared to 26 days last year.

The median listing price has risen 4.6% year-over-year, from $325,000 to $340,000.

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: 18,230  ·  Density: 1,867.7/mi²  ·  Median household income: $72,708

Typical home value: $245,869  ·  Homeownership: 65.1%

Market Overview

Active Listings
20
⇩ 9.1% vs 22 last year
Pending
0
0% pending ratio
Median Price
$340,000
⇧ 4.6% vs $325,000 last year
Average Price
$479,120
⇧ 20.8% vs $396,611 last year
Days on Market
27
⇧ 3.8% vs 26 days last year

Price Per Square Foot

Median $/sqft
$217
⇧ 1.9% vs $213/sqft last year
Median Home Size
1,371 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 20 this year vs 22 last year
  • Days on market: 27 now vs 26 last year

Median & Average Pricing

Year over Year
  • Median: $340,000 (+4.6% YoY)
  • Average: $479,120 (+20.8% 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
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 9.2 miles — 625 listings ($233,038,653 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23325Chesapeake, VA 233250.0 mi18$5,699,880$299,999$316,660
23324Chesapeake, VA 233242.3 mi55$16,439,995$290,000$298,909
23464Virginia Beach, VA 234643.5 mi73$31,454,021$424,500$430,877
23510Norfolk, VA 235103.9 mi40$16,822,480$327,250$420,562
23320Chesapeake, VA 233204.5 mi95$41,889,300$425,000$440,940
23509Norfolk, VA 235094.8 mi28$9,176,608$281,450$327,736
23702Portsmouth, VA 237024.9 mi35$8,948,415$245,000$255,669
23513Norfolk, VA 235135.1 mi48$14,308,368$292,500$298,091
23508Norfolk, VA 235086.2 mi43$16,661,683$364,900$387,481
23701Portsmouth, VA 237017.2 mi61$16,629,027$265,000$272,607
23505Norfolk, VA 235057.4 mi45$17,479,440$325,000$388,432
23452Virginia Beach, VA 234528.4 mi50$24,090,800$377,500$481,816
23453Virginia Beach, VA 234539.2 mi34$13,438,636$362,450$395,254

Frequently Asked Questions

How many homes are for sale in CHESAPEAKE, VA 23325?

As of February 2026, there are 20 active listings in CHESAPEAKE, VA (zip code 23325), compared to 22 the prior year.

What is the median home price in CHESAPEAKE, VA 23325?

The median listing price in CHESAPEAKE, VA 23325 is $340,000 as of February 2026, a 4.6% increase from $325,000 the prior year.

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

Homes in CHESAPEAKE, VA 23325 spend an average of 27 days on the market before going under contract, compared to 26 days the prior year.

Is it a seller's or buyer's market in CHESAPEAKE, VA 23325?

Based on current inventory and days-on-market data as of February 2026, CHESAPEAKE, VA 23325 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 27 days on market compared to 26 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 23325 save an estimated $6,800 compared to a typical 5% commission on the median listing price of $340,000. 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.