Is Chesapeake, VA 23320 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Chesapeake is a seller’s market. With about 2.3 months of supply and 40% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2.3Under 4 months = seller’s market

Sold above original list39.9%Share of sales, last 3 months

Median sale-to-list100.3%Sold price ÷ list price

Median days on market25Listing to accepted offer

Median price per sq ft$219▲ +4.2% vs. last year

Run the numbers for 23320

Prefilled for 23320Can I win this house?Multiple-offer likelihood for a listing Prefilled for 23320Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Chesapeake 23321Seller’s market $209 /sq ft Chesapeake 23322Seller’s market $239 /sq ft Chesapeake 23323Seller’s market $222 /sq ft Chesapeake 23324Seller’s market $193 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology