Chesterfield County Real Estate Market Report – July 2026
What Buyers and Sellers Must Know About Inventory, Prices, and Days on Market
Chesterfield County’s real estate market in July 2026 shows a median sale price of $378,000 (up 4.7% year-over-year), 1,318 active listings, and an average of 20 days on market, making it a moderate seller’s market with 2.5 months of supply. Homes are selling at a 99.3% list-to-sale price ratio, with the strongest demand in Midlothian and Brandermill and more affordable inventory near Chester and Colonial Heights-adjacent areas. This report covers Chesterfield County inventory levels, median prices by area, days on market, buyer and seller conditions, and mortgage rate impacts for July 2026. Chesterfield home prices, Midlothian real estate trends, Brandermill housing data, Chesterfield days on market, and Chesterfield seller’s market conditions are all detailed below, along with a comprehensive FAQ section.
Table of Contents
- Chesterfield County Housing Inventory in July 2026
- Median Sale Price Across Chesterfield Neighborhoods
- Average Days on Market in Chesterfield County
- Is Chesterfield a Buyer’s or Seller’s Market Right Now?
- List-to-Sale Price Ratio and Offer Strategy in Chesterfield
- Mortgage Rates and Affordability for Chesterfield Buyers
- Frequently Asked Questions
Chesterfield County’s real estate market in July 2026 remains one of the Richmond metro’s most active suburban markets, offering a blend of established neighborhoods and continued new construction. The median sale price countywide is $378,000, up 4.7% from July 2025, while active listings stand at 1,318, an 18% increase from the same time last year. Chesterfield continues to attract families and first-time buyers drawn to its highly rated schools and relatively affordable pricing compared to western Henrico.
The Mission Realty Team tracks Chesterfield’s MLS activity across every major submarket weekly, and July’s data shows a county that remains firmly in seller-favorable territory while offering more balance than in prior years. Average days on market is 20 days, up from 15 days a year ago, and homes are selling at a 99.3% list-to-sale ratio. Months of supply has risen to 2.5, up from 1.7 a year ago.
Chesterfield’s economy benefits from major employers including Amazon’s regional distribution operations, DuPont, Chesterfield County Public Schools, and a growing presence of logistics and manufacturing along the I-95 and Route 288 corridors. Key zip codes like 23112 (Midlothian/Brandermill), 23832 (Chester), 23113 (Midlothian), and 23836 (South Chesterfield) each show distinct market conditions this month.
How Much Housing Inventory Is Available in Chesterfield County?
Chesterfield County has 1,318 active listings as of early July 2026, up 18% from 1,117 listings a year ago. This is the highest inventory level the county has recorded since 2023, giving buyers considerably more selection across price points.
New listings in June 2026 totaled 641, compared to 572 in June 2025. Growth has been concentrated in the $325,000 to $450,000 range, which now accounts for roughly 42% of active Chesterfield listings, particularly in Chester and South Chesterfield.
New construction remains a major driver of Chesterfield inventory, with active building in communities near Woolridge Road and Route 288. Builder inventory is up 21% year-over-year, giving buyers more new-construction options than in neighboring Richmond city or Henrico.
What Is the Median Home Price in Chesterfield County This Month?
Chesterfield County’s median sale price is $378,000 as of July 2026, up 4.7% from $361,000 in July 2025. This makes Chesterfield one of the more affordable major counties in the Richmond metro relative to Henrico and western suburbs.
Midlothian and Brandermill (23112/23113) lead the county with a median of $445,000, up 5.8% year-over-year, supported by strong schools and established neighborhood amenities. Chester (23831/23836) offers a median of $329,000, while South Chesterfield remains the most affordable major submarket at $298,000, up 3.1% from last year.
Median price per square foot countywide is $184, up from $174 a year ago. Chesterfield’s newer subdivisions near Route 288 tend to offer larger floor plans, which keeps the price-per-square-foot figure competitive relative to Henrico and Richmond.
How Long Are Homes Taking to Sell in Chesterfield County?
Chesterfield homes are averaging 20 days on market as of July 2026, up from 15 days in July 2025. This continues to outperform national averages while reflecting a gradual cooling from the extremely fast pace of 2022.
Homes in Midlothian and Brandermill priced well are selling in 11-14 days on average, often with multiple offers, particularly for homes zoned for Midlothian and Cosby high schools. Homes in South Chesterfield and Chester are averaging 26-29 days, giving buyers more time to evaluate options.
New construction communities near Woolridge Road continue to see strong absorption, with many move-in-ready homes going under contract within 15 days of completion.
Is Chesterfield County a Buyer’s or Seller’s Market in 2026?
Chesterfield County remains a moderate seller’s market in July 2026, with 2.5 months of housing supply. This is up from 1.7 months a year ago, indicating a gradual shift toward balance, though sellers still hold the advantage overall.
Sellers in Midlothian and Brandermill continue to benefit from strong school-driven demand and limited resale inventory. Buyers in these areas should expect competition and be prepared with pre-approval and strong offer terms.
In Chester and South Chesterfield, buyers have more leverage, with sellers increasingly willing to negotiate on price and offer concessions like closing cost assistance, particularly on homes that have been listed more than three weeks.
What Is the List-to-Sale Price Ratio in Chesterfield County?
Chesterfield’s average list-to-sale price ratio is 99.3% as of July 2026, down from 101.5% a year ago. This reflects a market where most homes are still selling close to asking price, but with fewer runaway bidding wars than in previous years.
In Midlothian, homes are averaging 101-103% of list price when priced accurately for their school zone. In South Chesterfield and Chester, ratios have softened closer to 96-97%, giving buyers more room to negotiate below the listed price.
About 30% of Chesterfield sales closed above list price in June 2026, down from 43% in June 2025, continuing a metro-wide trend of moderating competition outside of top-tier school zones.
How Are Mortgage Rates Affecting Chesterfield County Buyers?
Mortgage rates in July 2026 are averaging around 6.4% for a 30-year fixed loan, providing some relief from the near-7% rates of 2024. This continues to influence affordability across Chesterfield’s price bands.
At Chesterfield’s median price of $378,000 with a 10% down payment, buyers can expect an estimated monthly principal and interest payment of approximately $2,144, before taxes and insurance. This affordability, combined with strong schools, keeps Chesterfield attractive to move-up buyers leaving Richmond city and Henrico.
Builders in Chesterfield’s new construction communities are increasingly offering rate buydowns and closing cost credits to offset the impact of current rates, particularly in communities near Woolridge Road and Route 288.
| Chesterfield Submarket (Zip) | Median Sale Price | Avg. Days on Market |
|---|---|---|
| Midlothian / Brandermill (23112/23113) | $445,000 | 12 days |
| Chester (23831/23836) | $329,000 | 22 days |
| South Chesterfield (23803) | $298,000 | 27 days |
| Woolridge / Route 288 Corridor (23114) | $412,000 | 15 days |
| Bon Air / North Chesterfield (23235) | $358,000 | 18 days |
| Countywide Average | $378,000 | 20 days |
Frequently Asked Questions About the Chesterfield County Real Estate Market
What is the median home price in Chesterfield County in July 2026?
The median home price in Chesterfield County is $378,000 as of July 2026. This is a 4.7% increase from $361,000 in July 2025. Prices vary from $298,000 in South Chesterfield to $445,000 in Midlothian and Brandermill.
Is Chesterfield County a good place to buy a home right now?
Yes, Chesterfield County offers strong value with 1,318 active listings, up 18% year-over-year. Buyers have particularly strong selection in the $325,000-$450,000 range. Midlothian remains competitive due to school demand, but Chester and South Chesterfield offer more negotiating room.
Is Chesterfield a buyer’s market or seller’s market in 2026?
Chesterfield County is a moderate seller’s market with 2.5 months of housing supply as of July 2026. This is up from 1.7 months a year ago, showing gradual movement toward a more balanced market. Sellers in Midlothian retain the strongest advantage due to school district demand.
How long does it take to sell a house in Chesterfield County?
Homes in Chesterfield County are averaging 20 days on market as of July 2026. Midlothian homes sell fastest at 11-14 days, while South Chesterfield and Chester average 26-29 days. Correct pricing relative to current comps is the biggest factor in sale speed.
Which Chesterfield neighborhoods have the highest home prices?
Midlothian and Brandermill (zip codes 23112 and 23113) have the highest median home prices in Chesterfield County at $445,000. This area benefits from top-rated schools, including Midlothian and Cosby high schools, along with established neighborhood amenities.
What are the most affordable areas to buy in Chesterfield County?
South Chesterfield (zip 23803) is the most affordable major submarket in the county, with a median sale price of $298,000. Chester follows at $329,000. Both areas offer strong value for first-time buyers seeking newer construction at accessible price points.
How much has Chesterfield County real estate appreciated this year?
Chesterfield County home prices have appreciated 4.7% year-over-year as of July 2026, one of the stronger appreciation rates in the Richmond metro. Midlothian led growth at 5.8%, while South Chesterfield grew more modestly at 3.1%.
What is the average list-to-sale price ratio in Chesterfield County?
Chesterfield’s average list-to-sale price ratio is 99.3% as of July 2026, down from 101.5% a year ago. Midlothian homes often exceed 100% of list price, while South Chesterfield and Chester average closer to 96-97%.
How much housing inventory is available in Chesterfield County?
Chesterfield County has 1,318 active listings as of July 2026, up 18% from 1,117 a year ago. This is the strongest inventory level since 2023, with significant growth in the $325,000-$450,000 price range.
Is new construction available in Chesterfield County?
Yes, Chesterfield has active new construction near Woolridge Road and the Route 288 corridor, with builder inventory up 21% year-over-year. These communities are seeing fast absorption, often under contract within 15 days for move-in-ready homes. Several builders are offering rate buydown incentives in mid-2026.
What school districts drive the highest home values in Chesterfield?
Homes zoned for Midlothian High School and Cosby High School command the strongest premiums in Chesterfield County. These areas see the fastest days on market at 11-14 days and the highest list-to-sale ratios in the county. Buyers should confirm current attendance zones with Chesterfield County Public Schools before making offers based on school assignment.
Should I sell my Chesterfield home now or wait?
Current data supports selling now, since Chesterfield’s 2.5 months of supply and 99.3% list-to-sale ratio still favor sellers countywide. Waiting could mean more competition as inventory continues its upward trend through 2026. The Mission Realty Team offers free comparative market analyses to help sellers time their listing correctly.
What are current mortgage rates for Chesterfield County homebuyers?
Mortgage rates in July 2026 are averaging around 6.4% for a 30-year fixed loan. This is an improvement from the near-7% rates seen in 2024. Several Chesterfield builders are offering rate buydown programs to help offset borrowing costs on new construction.
How does Chesterfield County compare to Henrico for home prices?
Chesterfield’s median home price of $378,000 is notably more affordable than Henrico’s $421,000 median. Chesterfield offers strong new construction inventory and highly rated schools in Midlothian at a lower overall price point. The Mission Realty Team can help buyers compare both counties based on commute, schools, and budget.
Get a Free Chesterfield County Market Analysis
Whether you’re drawn to Midlothian’s top schools or exploring new construction near Route 288, the Mission Realty Team can help you navigate Chesterfield’s current market with confidence. Contact the Mission Realty Team today for a free Chesterfield County home valuation or buyer consultation.
