Chesterfield County VA Real Estate Market Report 2026
Weekly inventory, pricing, and days-on-market data for buyers and sellers in Chesterfield County – week of July 29, 2026.
The Chesterfield County VA real estate market for the week of July 29, 2026 shows a median sale price of $412,000, average days on market of 19 days, and only 2.1 months of housing inventory, keeping conditions firmly in favor of sellers. New listings in Chesterfield County rose slightly week-over-week, but buyer demand in popular areas like Midlothian, Chester, and Woodlake continues to outpace supply. Mission Realty Team tracks Chesterfield County home prices, inventory levels, and buyer/seller conditions weekly, and this report breaks down what’s happening street by street across the county’s key submarkets in 2026.
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Chesterfield County VA’s real estate market for the week of July 29, 2026 remains a firm seller’s market, with a median sale price of $412,000 across the county and homes in popular areas like Midlothian and Woodlake averaging just 14-17 days on market. Mission Realty Team pulled fresh MLS data covering the past seven days to break down exactly what’s happening in Chesterfield’s housing market this week.
Countywide inventory sits at 2.1 months of supply, well below the 5-6 months typically considered a balanced market, meaning sellers continue to hold significant leverage in most price bands under $550,000. Total active listings across Chesterfield County stood at 487 units this week, down 6% from the same week last year, even as new listings ticked up slightly with the start of the fall school-year moving season.
Buyer activity remains strongest in the $350,000-$450,000 range, where move-up families relocating from Richmond City and Henrico County compete for well-maintained homes in Chesterfield’s established subdivisions. Mission Realty Team’s agents fielded a noticeably higher number of showing requests this week for homes in the Brandermill, Woodlake, and Reams Road corridors compared to the prior month.
Chesterfield County Real Estate Market Snapshot – Week of July 29, 2026
This week’s data shows 487 active listings across Chesterfield County, 143 new listings added in the past seven days, and 118 homes going under contract. The median list price stands at $419,900, while the median sale price came in at $412,000, meaning sellers are achieving roughly 98.1% of asking price on average.
Pending sales rose 4% compared to the previous week, a sign that buyer demand has not softened despite mortgage rates hovering near 6.4% for a 30-year fixed loan. Cash offers accounted for approximately 17% of closed transactions this week, concentrated mostly in the under-$300,000 price band.
Mission Realty Team’s agents note that well-priced homes with updated kitchens and move-in-ready condition are still drawing multiple offers within the first weekend, while homes needing cosmetic work are sitting closer to 30 days before going under contract.
Inventory Levels Across Chesterfield County Submarkets
Inventory varies significantly by area within Chesterfield County. Midlothian, including the Salisbury and Charter Colony neighborhoods, has only 1.6 months of supply this week, among the tightest in the county. Chester and the Route 10 corridor sit slightly higher at 2.4 months, while the more rural southern portions of the county near Matoaca report closer to 3.2 months of supply.
Woodlake and Brandermill, two of the county’s most established lake-community neighborhoods, together account for only 22 active listings this week against steady buyer demand, keeping those specific micro-markets extremely competitive.
New construction communities near Watermill and the Route 288 corridor continue to add inventory steadily, with builders reporting 6-8 week move-in timelines for spec homes, offering an alternative for buyers frustrated by resale competition.
Median Home Prices by Chesterfield County Neighborhood This Week
Midlothian continues to command the highest median price in the county at $478,000 this week, driven by strong schools and proximity to the Westchester Commons shopping corridor. Woodlake follows closely at $455,000, benefiting from its lake amenities and golf course access.
Chester and the Route 10 corridor show a median price of $368,000 this week, offering relative affordability with quick access to Fort Gregg-Adams (formerly Fort Lee) and I-95. Matoaca and the more rural southern county areas post a median of $342,000, appealing to buyers seeking larger lot sizes.
Bermuda district neighborhoods near Chester, popular with military families and first responders, saw median prices climb 3.4% in the past 30 days alone, reflecting steady demand from relocating Fort Gregg-Adams personnel.
Days on Market and Buyer Competition This Week in Chesterfield
Countywide, homes averaged 19 days on market this week, down from 22 days the same week last year. Homes priced under $400,000 in good condition are moving fastest, averaging just 12 days before going under contract, while homes above $600,000 average closer to 34 days.
Multiple-offer situations remain common: Mission Realty Team’s agents reported an average of 4.2 offers per listing on well-priced homes under $450,000 in Midlothian and Woodlake this week, compared to just 1.8 offers per listing on homes above $600,000.
Appraisal gaps have reappeared as an issue in the most competitive listings, with roughly 1 in 6 contracts this week including an appraisal gap coverage clause from the buyer to remain competitive.
What This Week’s Chesterfield Market Data Means for Sellers
Sellers in Chesterfield County remain in a strong position this week, particularly in the $350,000-$500,000 range where inventory is tightest. Homes that are professionally staged and priced accurately for their neighborhood are seeing the fastest sales and the highest percentage of asking price achieved.
Mission Realty Team’s data shows that homes overpriced by more than 3% relative to recent comparable sales are sitting an average of 11 days longer on market and ultimately selling for closer to 96% of original list price, compared to 99-101% for accurately priced listings.
With fall approaching, sellers considering a fourth-quarter listing should expect slightly slower buyer traffic starting in September as the school year settles in, making late July and August still an active window to list in Chesterfield County.
What This Week’s Chesterfield Market Data Means for Buyers
Buyers in Chesterfield County should expect continued competition in the sub-$450,000 range, particularly in Midlothian and Woodlake, and should have fully underwritten pre-approval in hand before touring homes this week. Homes in Chester and Matoaca currently offer more negotiating room and less multiple-offer pressure.
Mortgage rates near 6.4% mean monthly payment calculations matter more than ever; a $400,000 home with 10% down at this week’s rates carries an estimated principal and interest payment of roughly $2,270 per month, not including taxes and insurance.
Buyers willing to consider new construction near Route 288 or slightly further south near Matoaca will find meaningfully less competition and more room to negotiate closing cost credits from builders and sellers alike.
| Chesterfield Submarket | Median Price (Week of 7/29/26) | Avg. Days on Market |
|---|---|---|
| Midlothian | $478,000 | 14 days |
| Woodlake / Brandermill | $455,000 | 15 days |
| Chester / Route 10 | $368,000 | 18 days |
| Matoaca / South County | $342,000 | 26 days |
| Route 288 New Construction | $439,000 | 21 days |
| Countywide Average | $412,000 | 19 days |
Frequently Asked Questions About the Chesterfield County Real Estate Market
What is the median home price in Chesterfield County VA right now?
The median home price in Chesterfield County is $412,000 as of the week of July 29, 2026. Midlothian carries the highest median at $478,000, while Matoaca and the southern county areas are more affordable at around $342,000. Mission Realty Team updates these figures weekly using fresh MLS data.
Is Chesterfield County VA a buyer’s or seller’s market in 2026?
Chesterfield County remains a seller’s market in 2026, with only 2.1 months of housing inventory countywide, well below the 5-6 months considered balanced. Homes under $450,000 in Midlothian and Woodlake are seeing the strongest competition, with an average of 4.2 offers per listing this week.
How many days on market are homes in Chesterfield County averaging?
Homes in Chesterfield County are averaging 19 days on market countywide this week, down from 22 days a year ago. Homes under $400,000 in good condition are moving fastest at around 12 days, while homes above $600,000 average closer to 34 days.
What neighborhoods in Chesterfield County have the least inventory?
Midlothian has the tightest inventory in Chesterfield County this week at just 1.6 months of supply, followed by Woodlake and Brandermill with only 22 combined active listings. Buyers targeting these areas should expect strong competition and be ready to act quickly on well-priced listings.
Are home prices rising in Chesterfield County VA?
Yes, home prices in Chesterfield County are rising, with the Bermuda district near Chester seeing a 3.4% increase in the past 30 days alone. Countywide, the median sale price of $412,000 reflects continued upward pressure from limited inventory and steady buyer demand.
Is Midlothian VA a good place to buy a home in 2026?
Yes, Midlothian remains one of the most desirable submarkets in Chesterfield County, with a median price of $478,000 and average days on market of just 14 days. Strong schools and proximity to Westchester Commons make it a top choice for families, though competition is intense with 61% of homes selling above asking price.
What is the average down payment on a Chesterfield County home?
While down payments vary, Mission Realty Team commonly sees buyers in Chesterfield County put down 10-20% on conventional loans, with a smaller share using 3-5% down payment programs. At current rates near 6.4%, a $400,000 home with 10% down carries an estimated monthly principal and interest payment of about $2,270.
How many homes are for sale in Chesterfield County right now?
There were 487 active listings across Chesterfield County as of the week of July 29, 2026, with 143 new listings added in the past seven days. This is down about 6% from the same week last year, reflecting continued tight inventory.
Is new construction a good option in Chesterfield County?
Yes, new construction near the Route 288 corridor and Watermill is offering buyers meaningfully less competition than resale homes in Midlothian or Woodlake. Builders in this area report 6-8 week move-in timelines for spec homes, with a countywide median price of $439,000 for new construction.
What percentage of homes in Chesterfield County are selling above asking price?
Across the county, roughly 61% of closed sales in Midlothian this week exceeded the original asking price. Countywide, sellers are achieving an average of 98.1% of list price, with the most competitive submarkets seeing bidding wars push prices above ask.
Should I include an appraisal gap clause when buying in Chesterfield County?
In the current market, roughly 1 in 6 contracts in Chesterfield County this week included an appraisal gap coverage clause. Mission Realty Team recommends buyers competing for homes under $450,000 in Midlothian or Woodlake consider an appraisal gap clause of at least $5,000-$10,000 to remain competitive.
What is the best time to sell a house in Chesterfield County?
Late July and August remain an active window to sell in Chesterfield County, capturing the tail end of peak summer buyer demand before fall traffic typically slows. Mission Realty Team recommends listing before mid-August for the best combination of buyer volume and pricing strength.
How does Chesterfield County compare to Richmond City for home prices?
Chesterfield County’s median price of $412,000 sits above the Richmond city average of roughly $389,000, reflecting the county’s larger lot sizes, newer housing stock in many subdivisions, and highly rated school districts. Mission Realty Team can help buyers compare specific neighborhoods across both markets.
Want a Custom Chesterfield County Market Analysis?
Mission Realty Team tracks this data street by street across every Chesterfield County submarket every single week. Contact us today for a free, personalized home valuation or buyer strategy session.
