Market Intelligence · VA / Chesapeake

Chesapeake, VA 23324 Housing Market

The typical home value in Chesapeake, VA 23324 is $286,138 as of September 2026, up 2.4% over the past year. The median list price is $315,950, and homes spend a median of 37 days on market.

Updated September 2026Median value$286K

The median home value in Chesapeake, VA 23324 is $286K as of September 2026, up 2.4% 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 23324 range

$263K to $309K

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

+2.4% over 12 months

Sep 2025$279K

Low $279KHigh $286K

Sep 2026$286K

The numbers

What is the 23324 housing market like?

As of September 2026

Typical home value

$286K

2.4%YoY

Median list price

$316K

1.0%MoM

Days on market

15.6%MoM

Homes for sale

3.0%MoM

Price cuts

36.3%

31.1%MoM

New listings

11.1%MoM

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

The outlook

23324 housing market forecast 2027

+1.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23324 to rise 1.8% by September 2027.

Over the 12 months through September 2026, typical home values in 23324 rose 2.4%, per the Zillow Home Value Index.

Will home prices drop in 23324?

Zillow's forecast does not call for a drop: it expects typical home values in 23324 to rise 1.8% by September 2027, after a 2.4% 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 23324 home prices compare?

23324$286,138
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 65 homes for sale in Chesapeake, VA 23324, with 32 new listings coming to market. The median list price sits at $315,950, and listings spend a median of 37 days on market. A notable 36.3% of listings have taken a price cut, even as the typical home value of $286,138 has risen 2.4% over the past year. The gap between asking prices and what sellers are settling for suggests buyers have room to negotiate. For a seller, pricing realistically from day one matters more than aiming high and cutting later.

Monthly payment

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Home price

Down payment20% · $57,228

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Common questions

What people ask us.

How much is a home in 23324 worth?

The typical home value in Chesapeake, VA 23324 is $286,138 as of September 2026, up 2.4% over the past year. The median list price among active listings is $315,950.

How fast are homes selling in 23324?

Homes in Chesapeake, VA 23324 spend a median of 37 days on market as of September 2026. There are 65 homes for sale, with 32 new listings added.

Are sellers cutting prices in 23324?

Yes. As of September 2026, 36.3% of listings in Chesapeake, VA 23324 have taken a price cut.

Discover

Nearby ZIP markets.

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