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Chesapeake, VA 23321 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: 0.09
ActiveActive listings: 6464PendingPending sales: 66
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): $498k$498kSoldMedian sold price (last 6 months): $390k$390k
What homes actually sell for in Chesapeake, VA
Distribution of 272 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $300k to $520k
$158k to $224k: 22 sales$158k$224k to $290k: 26 sales$290k to $356k: 41 sales$290k$356k to $422k: 49 sales49sales$422k to $487k: 41 sales$422k$487k to $553k: 36 sales$553k to $619k: 21 sales$553k$619k to $685k: 8 salesMedian $390k

What the numbers say

As of October 5, 2026, Resideline is tracking 64 active listings and 6 pending sales in ZIP code 23321. That pending-to-active ratio of 0.09 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $497,750, while the median of the 272 closed sales Resideline tracked over the last six months was $390,000. 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 23321 for 59 days.

Frequently asked questions

What is the median home price in 23321?

The median closed sale price in Chesapeake, VA 23321 was $390,000 over the last six months, based on 272 closed sales tracked by Resideline. The middle half of those sales ranged from $300,000 to $520,000.

Is 23321 a buyer's or seller's market?

Resideline is currently tracking 6 pending sales against 64 active listings in 23321, a pending-to-active ratio of 0.09. 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, 23321 currently looks like a balanced market.

Nearby ZIP code market data

Full Chesapeake, VA housing market report →

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