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Chesapeake, VA 23320 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Chesapeake, VA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.35
ActiveActive listings: 6262PendingPending sales: 2222
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): $392k$392kSoldMedian sold price (last 6 months): $369k$369k
What homes actually sell for in Chesapeake, VA
Distribution of 418 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $290k to $485k
$210k to $275k: 62 sales$210k$275k to $339k: 96 sales96sales$339k to $404k: 77 sales$339k$404k to $468k: 47 sales$468k to $533k: 39 sales$468k$533k to $598k: 23 sales$598k to $662k: 25 sales$598k$662k to $727k: 9 salesMedian $369k

What the numbers say

As of October 5, 2026, Resideline is tracking 62 active listings and 22 pending sales in ZIP code 23320. That pending-to-active ratio of 0.35 points to a competitive market: a meaningful share of the inventory is already under contract.

The median asking price of current listings is $392,500, while the median of the 418 closed sales Resideline tracked over the last six months was $369,050. 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 66 days.

Frequently asked questions

What is the median home price in 23320?

The median closed sale price in Chesapeake, VA 23320 was $369,050 over the last six months, based on 418 closed sales tracked by Resideline. The middle half of those sales ranged from $290,000 to $485,000.

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

Resideline is currently tracking 22 pending sales against 62 active listings in 23320, a pending-to-active ratio of 0.35. 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 competitive market.

Nearby ZIP code market data

Full Chesapeake, VA housing market report →

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