Market Intelligence · VA / Chesapeake

Chesapeake, VA 23320 Housing Market

The typical home value in Chesapeake, VA 23320 is $390,272, up 3.6% over the past year. The median list price stands at $425,550, with homes spending a median of 39 days on market as of September 2026.

Updated September 2026Median value$390K

The median home value in Chesapeake, VA 23320 is $390K as of September 2026, up 3.6% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 23320 range

$359K to $421K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+3.6% over 12 months

Sep 2025$377K

Low $377KHigh $390K

Sep 2026$390K

The numbers

What is the 23320 housing market like?

As of September 2026

Typical home value

$390K

3.6%YoY

Median list price

$426K

1.0%MoM

Days on market

21.9%MoM

Homes for sale

185

1.1%MoM

Price cuts

26.0%

32.6%MoM

New listings

23.2%MoM

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

The outlook

23320 housing market forecast 2027

+1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23320 to rise 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 23320 rose 3.6%, per the Zillow Home Value Index.

Will home prices drop in 23320?

Zillow's forecast does not call for a drop: it expects typical home values in 23320 to rise 1.9% 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.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 23320 home prices compare?

23320$390,272
Chesapeake$396,778
Virginia$328,255
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Chesapeake: 6 ZIPs; Virginia: 757 ZIPs; United States: 26,262 ZIPs).

Context

Chesapeake, VA 23320 had 185 homes for sale in September 2026, with 86 new listings entering the market. The median time on market of 39 days suggests a reasonably active market. However, 26.0% of listings carried a price cut, which signals some seller resistance at initial asking prices. Despite year-over-year value growth of 3.6%, sellers should be prepared for negotiation and realistic pricing to move inventory.

Monthly payment

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Home price

Down payment20% · $78,054

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Common questions

What people ask us.

What is the typical home value in Chesapeake, VA 23320?

The typical home value is $390,272, up 3.6% over the past year as of September 2026.

How many homes are for sale in this ZIP code?

There are 185 homes for sale, with 86 new listings as of September 2026.

How long do homes typically stay on the market?

The median days on market is 39 as of September 2026.

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