Housing Market & Real Estate Update: Chesapeake, VA (March 5, 2026)
Chesapeake, VA – March 5, 2026 – Prices remain up year over year, but days on market are longer and inventory sits around 500–600 listings depending on the tracker.
Top takeaways
- Prices remain firm year over year, though listings are taking longer to sell.
- Inventory is steady at roughly 500–600 active listings, depending on the source.
- Rents are still elevated, with recent rent indexes continuing to rise.
Market snapshot
Recent citywide trackers point to a market that is still holding onto gains, even as buyers have a bit more time to decide. Redfin’s January 2026 update shows a median sale price near $410K (up 2.5% year over year), about 47 days on market, and 223 homes sold.
On the listing side, Realtor.com reports a median listing price around $430K alongside 595 active listings. Zillow’s home value index places the average home value near $417K (up 3.0% over the past year). For rentals, Zillow reports an average rent of $2,042 as of January 31, 2026.
Put together, these snapshots suggest that pricing has stayed resilient, while marketing time has stretched compared with faster periods. For buyers, that can translate into more room to compare options. For sellers, it can mean more emphasis on presentation and pricing strategy to stand out among the active listings.
Permits and development watch
For households tracking future supply and zoning changes, Chesapeake’s 2026 processing calendar outlines the workflow for rezoning and related land-use cases. It includes 5pm submittal deadlines and the sequence of Planning Commission and City Council meeting dates used for scheduling.
What’s for sale to browse
Redfin’s citywide search shows just over 500 homes for sale. Common ways locals narrow the hunt include:
- Single-family homes
- New construction
- Land and buildable lots
What are locals noticing most right now: more price cuts, multiple offers, or longer days on market?
Sources
- https://www.redfin.com/city/4144/VA/Chesapeake/housing-market
- https://www.realtor.com/local/market/virginia/chesapeake
- https://www.zillow.com/home-values/246073/chesapeake-va/
- https://www.cityofchesapeake.net/DocumentCenter/View/29037/2026-Processing-Calendar-PDF
- https://www.redfin.com/city/4144/VA/Chesapeake