Market Intelligence · VA / Chesapeake

Chesapeake, VA 23321 Housing Market

The typical home in Chesapeake, VA 23321 is worth $403,283, up 3.7% over the past year. The median list price sits at $464,450, with homes spending a median of 38 days on market as of September 2026.

Updated September 2026Median value$403K

The median home value in Chesapeake, VA 23321 is $403K as of September 2026, up 3.7% 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 23321 range

$371K to $436K

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

Sep 2025$389K

Low $389KHigh $403K

Sep 2026$403K

The numbers

What is the 23321 housing market like?

As of September 2026

Typical home value

$403K

3.7%YoY

Median list price

$464K

1.0%MoM

Days on market

26.7%MoM

Homes for sale

146

9.0%MoM

Price cuts

20.2%

17.1%MoM

New listings

43.7%MoM

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

The outlook

23321 housing market forecast 2027

+1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23321 to rise 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 23321 rose 3.7%, per the Zillow Home Value Index.

Will home prices drop in 23321?

Zillow's forecast does not call for a drop: it expects typical home values in 23321 to rise 1.9% by September 2027, after a 3.7% 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 23321 home prices compare?

23321$403,283
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 23321 has 146 homes for sale with 54 new listings added in September 2026. The median time to sell stands at 38 days. About one in five listings, specifically 20.2%, have received a price cut. Home values have climbed 3.7% year over year despite these adjustments. For sellers, the uptick in supply and prevalence of price reductions suggest you should price competitively and be prepared for a slightly longer sale timeline.

Monthly payment

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Home price

Down payment20% · $80,657

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Common questions

What people ask us.

What is the typical home value in Chesapeake 23321?

The typical home value is $403,283, up 3.7% over the past year as of September 2026.

How long do homes typically stay on the market here?

The median days on market is 38 as of September 2026.

How many homes are currently for sale in this ZIP?

There are 146 homes for sale as of September 2026, with 54 new listings added that month.

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Nearby ZIP markets.

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