Market Intelligence · VA / Chesapeake

Chesapeake, VA 23322 Housing Market

Homes in Chesapeake 23322 have a typical value of $551,442, up 3.3% over the past year. The median list price sits at $688,000, with homes staying on the market for a median of 48 days.

Updated September 2026Median value$551K

The median home value in Chesapeake, VA 23322 is $551K as of September 2026, up 3.3% 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 23322 range

$507K to $596K

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

+3.3% over 12 months

Sep 2025$534K

Low $534KHigh $551K

Sep 2026$551K

The numbers

What is the 23322 housing market like?

As of September 2026

Typical home value

$551K

3.3%YoY

Median list price

$688K

3.5%MoM

Days on market

26.3%MoM

Homes for sale

227

5.0%MoM

Price cuts

23.8%

7.9%MoM

New listings

20.0%MoM

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

The outlook

23322 housing market forecast 2027

+2.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23322 to rise 2.1% by September 2027.

Over the 12 months through September 2026, typical home values in 23322 rose 3.3%, per the Zillow Home Value Index.

Will home prices drop in 23322?

Zillow's forecast does not call for a drop: it expects typical home values in 23322 to rise 2.1% by September 2027, after a 3.3% 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 23322 home prices compare?

23322$551,442
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

There are 227 homes for sale in the area as of September 2026, with 80 new listings arriving in that month. The median listing time of 48 days suggests a moderate pace of sales activity. What stands out is that 23.8% of listings have received a price cut, indicating some seller negotiation in the market. For homeowners considering a sale, the modest year-over-year appreciation and prevalence of price reductions suggest this is a buyer-friendly environment where realistic pricing matters.

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Down payment20% · $110,288

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Common questions

What people ask us.

What is the typical home value in Chesapeake 23322?

The typical home value is $551,442, up 3.3% over the past year as of September 2026.

How long do homes stay on the market in this area?

The median days on market is 48 days as of September 2026.

How many homes are currently for sale in 23322?

There are 227 homes for sale as of September 2026, with 80 new listings in that month.

Discover

Nearby ZIP markets.

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