Market Intelligence · VA / Chesapeake

Chesapeake, VA 23323 Housing Market

The typical home value in Chesapeake, VA 23323 is $426,206, up 3.5% over the past year. Homes are listed at a median price of $445,875 and spend a median of 31 days on the market.

Updated September 2026Median value$426K

The median home value in Chesapeake, VA 23323 is $426K as of September 2026, up 3.5% 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 23323 range

$392K to $460K

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

+3.5% over 12 months

Sep 2025$412K

Low $412KHigh $426K

Sep 2026$426K

The numbers

What is the 23323 housing market like?

As of September 2026

Typical home value

$426K

3.5%YoY

Median list price

$446K

6.6%MoM

Days on market

3.3%MoM

Homes for sale

103

3.0%MoM

Price cuts

22.2%

23.4%MoM

New listings

9.4%MoM

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

The outlook

23323 housing market forecast 2027

+1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23323 to rise 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 23323 rose 3.5%, per the Zillow Home Value Index.

Will home prices drop in 23323?

Zillow's forecast does not call for a drop: it expects typical home values in 23323 to rise 1.9% by September 2027, after a 3.5% 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 23323 home prices compare?

23323$426,206
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

As of September 2026, there are 103 homes for sale in the 23323 ZIP code, with 70 new listings added to the market. The median list price stands at $445,875, while typical home values have grown 3.5% annually to $426,206. Homes typically spend 31 days on the market before selling. A meaningful share of active listings, 22.2%, carry a price cut, which suggests some sellers are adjusting expectations to move their homes.

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Down payment20% · $85,241

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Common questions

What people ask us.

What is the typical home value in 23323?

The typical home value in Chesapeake, VA 23323 is $426,206, reflecting a 3.5% increase over the past year.

How long do homes stay on the market in 23323?

Homes in this ZIP code spend a median of 31 days on the market.

How many homes are currently for sale in 23323?

As of September 2026, there are 103 homes for sale in the 23323 area, with 70 new listings recently added.

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