Is Chesapeake, VA 23321 a buyer’s or seller’s market?
Chesapeake is a seller’s market. With about 2 months of supply and 28% 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.
Competition score68/ 100
More competitive than 72% of U.S. ZIP codes, and #128 of 358 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply2Under 4 months = seller’s market
Sold above original list28.4%Share of sales, last 3 months
Median sale-to-list99.8%Sold price ÷ list price
Median days on market33Listing to accepted offer
Median price per sq ft$209▲ +2.9% vs. last year
Run the numbers for 23321
Nearby markets
Chesapeake 23320Seller’s market $219 /sq ftChesapeake 23322Seller’s market $239 /sq ftChesapeake 23323Seller’s market $222 /sq ftChesapeake 23324Seller’s market $193 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology