Chesapeake, VA Housing Market Brief
county · VA · score computed October 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.
Population band 5 of 5 (population 103,008–9,808,667) · comparable within its band
Where is Chesapeake, VA in its market cycle?
Chesapeake, VA is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Chesapeake, VA?
County-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.
Chesapeake, VA housing market data
| Metric | Value | YoY | Source |
|---|---|---|---|
| Median Sale Price | $405K | ▼ -1.2% | Redfin |
| Median Days on Market | 34 days | 0% | Redfin |
| Months of Supply | 2.6 | ▲ +4% | Redfin |
| Homes for Sale | 797 | ▲ +0.6% | Redfin |
| Homes Sold | 307 | ▼ -4.9% | Redfin |
| Median Price / Sq Ft | $219 | ▲ +1.5% | Redfin |
How has Chesapeake, VA’s Alpha Score moved?
Markets like Chesapeake, VA
- Georgetown County, SC, SCcounty46
- Guilford County, NC, NCcounty48
- Montgomery County, VA, VAcounty47
- Forsyth County, NC, NCcounty52
- Warren County, KY, KYcounty49
- Iredell County, NC, NCcounty50
- Bradley County, TN, TNcounty44
- Anderson County, TN, TNcounty53
- Washington County, TN, TNcounty43
- Rowan County, NC, NCcounty55
Frequently asked questions
Is Chesapeake, VA a buyer's or seller's market?
In the scores computed October 2026, Chesapeake, VA is classified as a Balanced Market, based on its Alpha Score of 48 out of 100. The classification reflects current price, building, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Chesapeake, VA?
The median sale price in Chesapeake, VA is $405K, having fallen 1.2% over the past year, according to Redfin.
How affordable is Chesapeake, VA?
Chesapeake, VA scores 19 out of 100 on affordability — relatively unaffordable 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 Inventory Health (72/100) and its weakest is Affordability (19/100). 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.