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Chesapeake, VA 23320 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Chesapeake, VA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.22
ActiveActive listings: 6969PendingPending sales: 1515
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): $395k$395kSoldMedian sold price (last 6 months): $365k$365k
What homes actually sell for in Chesapeake, VA
Distribution of 404 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $289k to $485k
$215k to $279k: 64 sales$215k$279k to $343k: 94 sales94sales$343k to $407k: 73 sales$343k$407k to $471k: 47 sales$471k to $535k: 38 sales$471k$535k to $599k: 17 sales$599k to $663k: 23 sales$599k$663k to $727k: 7 salesMedian $365k

What the numbers say

As of October 26, 2026, Resideline is tracking 69 active listings and 15 pending sales in ZIP code 23320. That pending-to-active ratio of 0.22 makes it a faster-moving market: listings are going under contract faster than in most of the ZIP codes Resideline tracks.

The median asking price of current listings is $395,000, while the median of the 404 closed sales Resideline tracked over the last six months was $365,000. 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 79 days.

Frequently asked questions

What is the median home price in 23320?

The median closed sale price in Chesapeake, VA 23320 was $365,000 over the last six months, based on 404 closed sales tracked by Resideline. The middle half of those sales ranged from $289,000 to $485,000.

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

Resideline is currently tracking 15 pending sales against 69 active listings in 23320, a pending-to-active ratio of 0.22. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 23320 is currently a faster-moving market.

Nearby ZIP code market data

Full Chesapeake, VA housing market report →

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