23120 — Chesterfield County, Virginia Market Snapshot
Housing market data for zip code 23120 in Chesterfield County, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
12 sales in 2026 (year to date)
Median Sale Price
$539,172
Days to Sell
28
Homes Sold
12
Inventory
8
Sale-to-List
100.8%
New Listings
8
Price/SqFt
$252
Pending Sales
9
Conforming Loan Available
Most homebuyers in 23120 can comfortably use conventional financing. The median home price of $539,172 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 23120 are moving quickly at 28 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 23120 (100.8% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 23120 can comfortably use conventional financing. The median home price of $539,172 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 23120 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 23120
To purchase the median home at $539,172 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,281.
Monthly Payment
$4,281
Income Required
$183,470
Principal & Interest
$3,322/mo
Down Payment (5%)
$26,959
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 23120.
Estimated Monthly Payment
$3,487
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 23120. Tell us what you're looking for.