23831 — Chesterfield County, Virginia Market Snapshot
Housing market data for zip code 23831 in Chesterfield County, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
128 sales in 2026 (year to date)
Median Sale Price
$389,500
Days to Sell
19
Homes Sold
128
Inventory
66
Sale-to-List
99.9%
New Listings
171
Price/SqFt
$195
Pending Sales
141
Conforming Loan Available
Most homebuyers in 23831 can comfortably use conventional financing. The median home price of $389,500 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
Homes in 23831 are moving quickly at 19 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 23831 (99.9% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 23831 can comfortably use conventional financing. The median home price of $389,500 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 23831 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 23831
To purchase the median home at $389,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,134.
Monthly Payment
$3,134
Income Required
$134,324
Principal & Interest
$2,400/mo
Down Payment (5%)
$19,475
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 23831.
Estimated Monthly Payment
$2,561
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