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Condo Foreclosures in Chesapeake, VA 23323

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Chesapeake, VA Foreclosures

Current Market Conditions in in Chesapeake, VA As of February 2026?
In the past month, Chesapeake's real estate market has experienced a slight increase in home prices, likely driven by low inventory and a competitive environment as buyers seek to lock in favorable mortgage rates. The average days on the market has also decreased, indicating a faster pace of sales compared to previous months.
How much do homes sell for in Chesapeake, VA?
The average home price is currently $486,583.
What’s the average rental cost in Chesapeake, VA?
The average rental price in Chesapeake is $1,886.
What is the most expensive home in Chesapeake?
The most expensive home sold in Chesapeake had a price of $191,026,672.
What is currently the cheapest priced home in Chesapeake, VA?
The cheapest home for sale in Chesapeake is priced at $10,211.

Living in Chesapeake, VA

Chesapeake, VA, is a thriving city characterized by its blend of natural beauty and urban convenience. With numerous parks, shopping options, and top-rated schools, it's an excellent place for families looking for a community-oriented lifestyle. The city's commitment to preserving its green spaces allows residents to enjoy outdoor activities all year round.

Buyer vs Seller Market in Chesapeake, VA

The real estate market in Chesapeake has shown steady growth over the past few years, with home prices increasing steadily as demand rises. The combination of good schools, ample recreational options, and a desirable location has attracted buyers from across the region.

Currently, Chesapeake's housing market has a variety of options from affordable single-family homes to luxury properties, catering to different buyer needs. With interest rates fluctuating, many are taking advantage of current market conditions to invest in their future.

Home Value Estimator For Chesapeake, VA

There are currently 82,882 real estate properties in Chesapeake, VA, with a median automated valuation model (AVM) price of $411,736.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Chesapeake, VA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Chesapeake, VA, is $486,583.00, with the most expensive house in Chesapeake, VA, topping out at $191,026,672.00 and the cheapest home in Chesapeake, VA, clocking in at $10,211.00. In other words, there’s something for every potential homebuyer or savvy investor in Chesapeake, VA!

Rent Prices In Chesapeake, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Chesapeake, VA, is on a rollercoaster ride. The average rent price in Chesapeake, VA, is $1,886.00. Indeed, when looking to rent in Chesapeake, VA, you can expect to pay as little as $620.00 or as much as $6,600.00, with the average rent median estimated to be $1,800.00. The good news is that finding an affordable and desirable property to rent in Chesapeake, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Chesapeake, VA 23323 Condos

Market Trend for Chesapeake, VA

Total Listings Available: 0

Market Values:

Home Prices from $10,211 to $191,026,672

Average Sales Price: $486,583

Rental Values:

Rental from $620 to $6,600

Average Rent Value: $1,886 / month

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