Is Chesapeake, VA 23328 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Chesapeake is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list99.9%Share of sales, last 3 months

Median sale-to-list101%Sold price ÷ list price

Median days on market11Listing to accepted offer

Median price per sq ft$238

The Chesapeake housing market right now

In the three months ending August 31, 2026, 100% of homes in Chesapeake, VA 23328 sold above their list price and the typical home went under contract in 11 days. With only 1 sale, these figures can swing a lot from month to month.

Run the numbers for 23328

Prefilled for 23328Can I win this house?Multiple-offer likelihood for a listing Prefilled for 23328Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

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Questions about Chesapeake real estate

How fast do homes sell in Chesapeake?

The typical home went under contract in 11 days in the latest three months.

Do homes in Chesapeake sell over asking?

100% of homes sold above their original list price, and the typical sale closed at 101.0% of the list price.

What is the median home price in Chesapeake?

The median sale price was $706,694 in the three months ending August 31, 2026, about $238 per square foot.

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