Is Chester, VA 23831 a buyer’s or seller’s market?

The Chester housing market right now

In the three months ending August 31, 2026, 32% of homes in Chester, VA 23831 sold above their list price, the typical home went under contract in 21 days and there were 2.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 134 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 36%, homes sold more slowly (18 days then) and the median sale price held steady to $380,335. Overall, Chester is less competitive than a year ago, which gives buyers more room.

Within Chesterfield County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Chester ranks #78 of 358 VA ZIP codes with enough sales (score 74 out of 100).

Nearby, buyers who want less competition could look at Moseley 23120 (24% sold over asking) or Chesterfield 23838 (28% sold over asking), while Richmond 23235 (51% sold over asking) and Midlothian 23113 (45% sold over asking) are even more competitive.