Chesapeake, VA Housing Market Brief
county · VA · as of July 2026
What is Chesapeake, VA’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Chesapeake, VA in its market cycle?
Chesapeake, VA is classified as Mature — holding near a healthy peak. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Chesapeake, VA?
Our model forecasts Chesapeake, VA’s home prices to rise about 3.2% over the next 12 months (high confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Chesapeake, VA housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $420K | ▲ +0.2% |
| Median Days on Market | 25 days | 0% |
| Months of Supply | 1.9 | ▼ -5% |
| Homes for Sale | 627 | ▼ -13.2% |
| Homes Sold | 334 | ▼ -8.7% |
| Median Price / Sq Ft | $219 | ▼ -0.7% |
How has Chesapeake, VA’s Alpha Score moved?
Markets like Chesapeake, VA
- Isle of Wight County, VA, VAcounty56
- Hanover County, VA, VAcounty55
- Chesterfield County, VA, VAcounty56
- Northampton County, PA, PAcounty57
- Virginia Beach, VA, VAcounty55
- Suffolk, VA, VAcounty58
- Henrico County, VA, VAcounty55
- Anne Arundel County, MD, MDcounty55
- Kent County, MI, MIcounty51
- Loudoun County, VA, VAcounty55
Frequently asked questions
Is Chesapeake, VA a buyer's or seller's market?
As of July 2026, Chesapeake, VA is classified as a Balanced Market, based on its Alpha Score of 56 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Chesapeake, VA?
The median sale price in Chesapeake, VA is $420K, having held roughly steady over the past year.
How affordable is Chesapeake, VA?
Chesapeake, VA scores 44 out of 100 on affordability — moderately affordable relative to local incomes and prevailing mortgage rates compared with other counties.
What's driving Chesapeake, VA's Alpha Score?
Chesapeake, VA's strongest dimension is Price Momentum (61/100) and its weakest is Affordability (44/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Chesapeake, VA? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.