Published October 25, 2026 in Market Update

More listings are showing up, but Chesterfield buyers are still active

By Don Reid

Real estate, Chesterfield County $651k - $1.2M

If you own a home in Chesterfield County and you have been watching the market, you are probably thinking one thing: is this still a good time to sell, or has something shifted? Let's look at what the numbers actually say for the three months ending August 31, 2026.

The Real Estate Data Aggregator counted 718 homes for sale across the Chesterfield County ZIP codes in this report. That is up 4.4% from the same period in 2025. Realtor.com reported that active listings grew 5.5% nationally over the same stretch. So Chesterfield is moving in the same direction as the country, just a little more slowly.

More supply gives buyers a few more choices. But 1,021 pending sales tells you buyers are still out there making decisions. The Real Estate Data Aggregator shows pending sales slipped only 2.1% from a year ago. That is not a market that has stopped moving.

So what does more competition mean for sellers?

More listings mean more competition. Fewer sales mean buyers have a little more room to compare. Those two things together are why pricing carefully matters more right now than it did a year ago. Realtor.com reported that 20.8% of listings nationally had their price reduced in September 2026, the highest share since October 2022. That is a national number, but it is a useful signal.

Realtor.com also reported that mortgage rates surged above 7% for the first time since January 2025. Higher rates slow some buyers down. But the pending sales count in Chesterfield County says enough buyers are still moving forward to keep the market from stalling.

Let's look at how each area is reading

The story is not the same in every ZIP code. Let's walk through the differences.

ZIP 23113, the higher-priced part of Midlothian, had a median sale price of $777,500, up 10.8% from a year ago, according to the Real Estate Data Aggregator. Homes there sold in a median of 14 days, 2 days faster than a year ago. And 43.5% of homes sold above list price, up 2.6 points. That part of Midlothian is moving with confidence.

ZIP 23120, Moseley, tells a different story. The Real Estate Data Aggregator shows 3.1 months of supply there, up 0.6 months from a year ago. Homes for sale rose 10.4%. Pending sales fell 24.3%. Buyers are still writing contracts, but they have more to look at and are taking more time.

Moseley also saw the share of homes sold above list price fall 5.5 points to 24.4%. Prices are still holding, up 2.3% to a median of $639,112. But the balance has shifted a little toward buyers in that ZIP code.

Let's see how the Chesterfield and Richmond ZIP codes compare

ZIP 23235 is one of the tighter spots in this report. The Real Estate Data Aggregator counted just 1.2 months of supply there. The median sale price was $450,000, up 2.9%. Homes sold in a median of 10 days, 5 days faster than a year ago. Half of all homes sold above list price. That is a market where well-priced homes are not sitting.

ZIP 23832, the Chesterfield town area, reads differently. The Real Estate Data Aggregator shows the sale-to-list ratio at 99.8%, down 1.3 points. Only 31.9% of homes sold above list price, down 9.5 points from a year ago. Homes took a median of 25 days to sell, 8 days longer than last year. Prices still rose 4.9% to $430,000, but buyers there have a little more leverage than they did.

Let's bring it back to the core question

Is this still a good market to sell in Chesterfield County, or has something shifted? Here is a compressed answer. Inventory is up, and buyers have a few more choices. But 1,021 pending sales and sale-to-list ratios at or above 100% in most ZIP codes say demand has not left. The shift is real but modest. Pricing accurately and knowing your specific ZIP code matters more than it did a year ago.

Now, let's recap