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Market Intelligence · VA / Chesapeake city

Chesapeake, VA home prices and housing market

6 ZIP markets liveData updated September 2026Typical value$397K1-yr changeUp3.6%

The typical home value in Chesapeake, VA is $397K as of September 2026, up 3.6% from a year ago, based on the Zillow Home Value Index. In the typical Chesapeake ZIP code, the median list price is $436K and homes spend a median of 38 days on market as of September 2026 (Realtor.com).

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The coverage

Chesapeake, by the numbers.

Typical home valueZillow ZHVI, September 2026
$397K
1-yr changeMedian across Chesapeake ZIPs
+3.6%
ZIP markets live9 tracked in Chesapeake
6
County
Chesapeake city

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12-month value trend

+3.6% over 12 months

Typical home value in Chesapeake over the last 12 months: $383K in Sep 2025 to $397K in Sep 2026 (+3.6%).

Sep 2025$383K

Sep 2026$397K

Median Zillow home value index across Chesapeake's ZIP codes.

Context

Chesapeake's housing market shows modest growth. The typical home value stands at $396,778, up 3.6% over the past year as of September 2026. The median list price is $435,713, with 770 homes currently for sale and 348 new listings in that same month. Homes are spending a median of 38 days on market, and about 23.7% of listings have received a price cut. The combination of steady appreciation and moderate inventory suggests a balanced market where seller conditions are neither exceptionally strong nor weak.

The numbers

What is the housing market like in Chesapeake, VA?

Typical home value

$397K

Up3.6%YoY

Median list price

$436K

Days on market

38

Homes for sale

770

Price cuts

23.7%

New listings

348

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Chesapeake's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Chesapeake, VA home prices over time

Typical home values in Chesapeake, VA are up 3.6% over the past year, from $383K in September 2025 to $397K in September 2026.

Typical home value in Chesapeake, VA, September of each year
MonthTypical value1-yr change
September 2026$396,778+3.6%
September 2025$382,954No prior year

Typical value is the median Zillow Home Value Index across Chesapeake ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Chesapeake, VA a buyer's or seller's market?

Chesapeake, VA is roughly balanced between buyers and sellers.

These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction.

Based on a median of 38 days on market and 24% of listings with a price cut in the typical Chesapeake ZIP code, and 348 new listings against 770 active listings across Chesapeake, as of September 2026 (Realtor.com).

The outlook

Chesapeake housing market forecast 2027

+2.0%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 6 Chesapeake ZIP codes, points to typical home values rising 2.0% by September 2027.

Over the 12 months through September 2026, typical home values in Chesapeake rose 3.6%, per the Zillow Home Value Index.

Will home prices drop in Chesapeake?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Chesapeake shows typical home values rising 2.0% by September 2027, after a 3.6% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 6 Chesapeake ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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The markets

Which Chesapeake ZIP codes have the highest home values?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 9 Chesapeake ZIP codes in total; the remaining 3 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Chesapeake, VA home prices.

What is a typical home worth in Chesapeake?

The typical home value in Chesapeake is $396,778 as of September 2026, representing a 3.6% increase over the past year.

How long do homes typically stay on the market in Chesapeake?

The median days on market is 38 as of September 2026, indicating homes sell at a moderate pace.

How many homes are currently for sale in Chesapeake?

As of September 2026, there are 770 homes for sale in Chesapeake, with 348 new listings that month and 23.7% of active listings carrying a price reduction.

Are home prices going up or down in Chesapeake, VA?

Typical home values in Chesapeake, VA are up 3.6% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Chesapeake, VA a buyer's or seller's market?

Chesapeake, VA is roughly balanced between buyers and sellers. These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction. Based on a median of 38 days on market and 24% of listings with a price cut in the typical Chesapeake ZIP code, and 348 new listings against 770 active listings across Chesapeake, as of September 2026 (Realtor.com).

Nearby markets

More Virginia housing markets.

The market is moving

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