23325 — Chesapeake city, Virginia Market Snapshot
Housing market data for zip code 23325 in Chesapeake city, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
60 sales in 2026 (year to date)
Median Sale Price
$342,750
Days to Sell
20
Homes Sold
60
Inventory
25
Sale-to-List
100.5%
New Listings
73
Price/SqFt
$215
Pending Sales
71
Conforming Loan Available
Most homebuyers in 23325 can comfortably use conventional financing. The median home price of $342,750 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
Homes in 23325 are moving quickly at 20 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 23325 (100.5% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 23325 can comfortably use conventional financing. The median home price of $342,750 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 23325 are set at the county level.
2026 Loan Limits — Chesapeake city
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $757,850 |
| 2 Units | $1,066,250 | $970,200 |
| 3 Units | $1,288,800 | $1,172,750 |
| 4 Units | $1,601,750 | $1,457,450 |
Affordability Snapshot — Zip 23325
To purchase the median home at $342,750 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,776.
Monthly Payment
$2,776
Income Required
$118,973
Principal & Interest
$2,112/mo
Down Payment (5%)
$17,138
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 23325.
Estimated Monthly Payment
$2,271
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