23114 — Chesterfield County, Virginia Market Snapshot
Housing market data for zip code 23114 in Chesterfield County, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
72 sales in 2026 (year to date)
Median Sale Price
$568,500
Days to Sell
12
Homes Sold
72
Inventory
27
Sale-to-List
102.1%
New Listings
93
Price/SqFt
$218
Pending Sales
96
Conforming Loan Available
Most homebuyers in 23114 can comfortably use conventional financing. The median home price of $568,500 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
23114 is an extremely competitive market with homes selling in just 12 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
Homes in 23114 are selling 2.1% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 23114 can comfortably use conventional financing. The median home price of $568,500 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 23114 are set at the county level.
2026 Loan Limits — Chesterfield County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $707,250 |
| 2 Units | $1,066,250 | $905,400 |
| 3 Units | $1,288,800 | $1,094,450 |
| 4 Units | $1,601,750 | $1,360,100 |
Affordability Snapshot — Zip 23114
To purchase the median home at $568,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,506.
Monthly Payment
$4,506
Income Required
$193,100
Principal & Interest
$3,503/mo
Down Payment (5%)
$28,425
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 23114.
Estimated Monthly Payment
$3,668
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