Market Intelligence · VA / Chesapeake

Chesapeake, VA 23320 Housing Market

The typical home value in Chesapeake, VA 23320 is $391,226, up 3.7% over the past year as of 2026-08-01. The median list price is $430,000, and homes have a median of 32 days on market. There are 183 homes for sale.

Updated August 2026Median value$391K

The median home value in Chesapeake, VA 23320 is $391K as of August 2026, up 3.7% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 23320 range

$360K to $423K

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

+3.7% over 12 months

Typical home value in 23320 over the last 12 months: $377K in Aug 2025 to $391K in Aug 2026 (+3.7%).

Aug 2025$377K

Aug 2026$391K

The numbers

What is the 23320 housing market like?

Typical home value

$391K

Up3.7%YoY

Median list price

$430K

Down5.6%MoM

Days on market

32

Down11.1%MoM

Homes for sale

183

Up12.3%MoM

Price cuts

19.6%

Down2.3%MoM

New listings

112

Up19.1%MoM

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

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The comparison

How do 23320 home prices compare?

  • 23320$391,226
  • Chesapeake$397,716
  • Virginia$330,987
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Chesapeake: 6 ZIPs; Virginia: 757 ZIPs; United States: 26,265 ZIPs).

Context

Chesapeake, VA 23320 has 183 homes for sale as of 2026-08-01, with 112 new listings adding fresh choices for buyers. The median list price is $430,000, above the typical home value of $391,226. That typical value is up 3.7% over the past year, while the median days on market is 32. About 19.6% of listings have a price cut, so some sellers are adjusting after the first ask. A seller can still do well here, but the cleaner sale usually comes from a realistic starting price rather than testing the top of the range.

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