The median home in Chesapeake sold for about $425,000 over the three months through October 2026, up 1.8% from a year earlier. But your house could be worth a lot more or less than that. Chesapeake is a big city, and a home in Hickory is a very different sale from one in South Norfolk.
Here are the latest Chesapeake home values by ZIP code, what pushes prices up or down here, and how to figure out what your own house might sell for.
These numbers come from Redfin’s Chesapeake housing market data. They are medians, which means half the homes sold for more and half for less.
Chesapeake Home Values at a Glance
- Median sale price: $424,705 over the three months through October 2026, up 1.8% from a year earlier
- Homes sold: 883 in that period, down about 8% from a year earlier
- Median days on market: 35 days, up from 33 a year earlier
- Sale price vs. list price: homes sold for about 99.5% of their asking price
- Sold over asking: about 35% of homes sold for more than list price
In plain words: Chesapeake prices are holding steady and creeping up a little. Fewer homes are selling than last year, and they take a couple of days longer. A house in good shape that is priced right still sells in about five weeks, often for close to full price.
Chesapeake Home Values by ZIP Code
| ZIP code | Areas | Median sale price | Change from last year | Median days on market |
|---|---|---|---|---|
| 23322 | Hickory, Fentress, southern Great Bridge | $589,198 | down 1.6% | 39 |
| 23323 | Deep Creek, Grassfield, Camelot | $439,725 | up 9.9% | 28 |
| 23321 | Western Branch, Bowers Hill | $395,697 | down 3.3% | 35 |
| 23320 | Greenbrier, Great Bridge, Oak Grove, Riverwalk | $358,316 | down 5.7% | 34 |
| 23325 | Indian River | $342,025 | up 5.2% | 32 |
| 23324 | South Norfolk | $306,843 | up 2.3% | 41 |
Source: Redfin, three months through October 2026. South Norfolk (23324) and Indian River (23325) had fewer than 80 sales each in that period, so their medians can jump around. ZIP codes cover big areas, and some neighborhoods sit in more than one, so the areas listed are a rough guide.
What Pushes Chesapeake Home Values up or Down
- Land and newer homes. Southern Chesapeake, around Hickory and Fentress, has bigger lots and many newer homes. That is a big part of why 23322 has the highest median in the city.
- Age and condition. South Norfolk and Indian River have more older homes. Old roofs, wiring, plumbing and HVAC can pull the price down, and so can lead paint in homes built before 1978. Updated older homes still sell well.
- Septic and well. Some rural homes in southern Chesapeake are on a septic system or a private well instead of city water and sewer. Buyers and lenders will want them inspected, and a failing system can cost a lot to replace.
- Water and flooding. Homes on the Elizabeth River branches, the Intracoastal Waterway and the Northwest River can sell for more. Homes in high-risk flood zones cost more to insure, and some buyers avoid them. Here is our guide to selling a house in a flood zone.
- Jet noise near Fentress. Naval Auxiliary Landing Field Fentress is where Navy jets practice landings, and the homes around it sit in noise zones. Sellers have to disclose the zone. Here is more on selling a house in a military noise zone.
- Time of year. Spring and early summer usually bring the most buyers. See the best time to sell a house in Virginia.
How to Figure Out What Your House Is Worth
- Start with online estimates, but do not trust them too much. Zillow, Redfin and others give a quick number, but they cannot see inside your house or check your septic system.
- Look at recent sales near you. Find 3 to 5 homes that sold in the last 3 to 6 months, close to you, with about the same size, age, lot size and condition. These are called “comps.” In Chesapeake, stay inside your own area if you can. A comp from Hickory will make a South Norfolk house look worth far more than it is.
- Adjust for differences. If the comps had new kitchens and yours needs one, your number should be lower. If yours has a new roof and theirs did not, it may be higher.
- Ask a local agent. Most agents will run a free comparative market analysis for you.
- Get an appraisal if you need an exact number. A licensed appraiser usually costs a few hundred dollars and gives you the most accurate value.
For more detail, see our guide to finding your home’s fair market value in Virginia. If you are curious about the cities next door, here are the latest Norfolk home values and Virginia Beach home values by ZIP code.
What If Your Chesapeake House Needs Work?
The numbers above are mostly for homes in good shape. If your house needs a new roof, has foundation or water problems, has a failing septic system, or has not been updated in years, it will usually sell for less. Buyers with loans also may not be able to buy it until repairs are made.
That is where we come in. Here is exactly how we figure out an offer. We work out what the house will be worth once it is fixed up. Our offer lands between 70% and 80% of that number, and that range has to cover both what we pay you and what we spend on the repairs.
Say your house would be worth $425,000 fixed up and needs $40,000 of work. 75% of $425,000 is $318,750. Minus the $40,000 of repairs, the offer is around $278,750.
If your house is in good shape and you have time, listing it with an agent will usually get you more than we can pay, and we will tell you that. If a straight cash offer will not cover what you owe, we can also look at creative financing, where we buy the house on terms instead of paying all cash up front.
No repairs, no commissions, and we pay all the closing costs. We can usually close in 10 to 14 days. We buy in every part of Chesapeake, plus Virginia Beach, Norfolk, Portsmouth, Suffolk and the rest of Hampton Roads.
Common Questions About Chesapeake Home Values
What is the average home price in Chesapeake, VA?
The median sale price was $424,705 over the three months through October 2026, up 1.8% from a year earlier, according to Redfin.
Are Chesapeake home prices going up or down?
Up a little overall, about 2% over the past year. Some areas rose faster, like Deep Creek and Grassfield (23323), while Greenbrier and Great Bridge (23320) dipped.
How long does it take to sell a house in Chesapeake?
The median home sold in about 35 days. Houses that need work or are priced too high can take much longer.
Which Chesapeake ZIP code has the highest home values?
23322, which covers Hickory, Fentress and southern Great Bridge, had the highest median at $589,198. Larger lots and newer homes push prices up there.
Does jet noise near Fentress lower home values?
It can. Homes in the noise zones around Naval Auxiliary Landing Field Fentress have to be disclosed to buyers, and some buyers will pay less or look elsewhere.
How can I get a free value for my Chesapeake house?
A local agent can run a free market analysis. If your house needs work, we can also give you a free cash offer within 24 hours of seeing it.
Get a Cash Offer on Your Chesapeake House
Call us at (757) 337-2236. We will walk the house with you, give you a number within 24 hours, and tell you straight if listing it would get you more.