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Chesapeake, VA 23320 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Chesapeake, VA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.28
ActiveActive listings: 5858PendingPending sales: 1616
Chesapeake, VA: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $354k$354kSoldMedian sold price (last 6 months): $370k$370k
What homes actually sell for in Chesapeake, VA
Distribution of 439 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $288k to $497k
$208k to $273k: 70 sales$208k$273k to $338k: 95 sales95sales$338k to $403k: 72 sales$338k$403k to $467k: 48 sales$467k to $532k: 41 sales$467k$532k to $597k: 25 sales$597k to $662k: 33 sales$597k$662k to $727k: 12 salesMedian $370k

What the numbers say

As of September 14, 2026, Resideline is tracking 58 active listings and 16 pending sales in ZIP code 23320. That pending-to-active ratio of 0.28 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $353,500, while the median of the 439 closed sales Resideline tracked over the last six months was $370,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 23320 for 53 days.

Frequently asked questions

What is the median home price in 23320?

The median closed sale price in Chesapeake, VA 23320 was $370,000 over the last six months, based on 439 closed sales tracked by Resideline. The middle half of those sales ranged from $288,000 to $497,000.

Is 23320 a buyer's or seller's market?

Resideline is currently tracking 16 pending sales against 58 active listings in 23320, a pending-to-active ratio of 0.28. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 23320 currently looks like a balanced market.

Nearby ZIP code market data

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