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Featured local agent — Chester Gap, VA
Sarah Mitchell
Compass Real Estate · Chester Gap, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Chester Gap, VA Housing Market
The typical home in Chester Gap, VA is worth $390,343, rose 4.0% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $655,000, +92.7% year over year (through May 2026). With 5.0 months of supply and homes going under contract in about 229 days, Chester Gap is a leaning buyer's. At today's 7.03% 30-year fixed rate, 20% down on a $390,343 home is about $2,084/mo in principal and interest.
Key numbers for Chester Gap, VA
Typical home value
$390,343
+4.0% in 12 months
Zillow, August 2026
Median sale price
$655,000
+92.7% year over year
Redfin, through May 2026
Days on market
229
Slow-moving
Redfin, through May 2026
Active listings
5
5.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$74,183
Home costs 5.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
97.0%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Chester Gap a buyer's or seller's market?
Chester Gap, VA is a leaning buyer's, based on 5.0 months of supply and homes selling in about 229 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Chester Gap housing market data show?
Every row below is Redfin's final published month for Chester Gap, VA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $655,000 |
| Median list price | $199,900 |
| Year-over-year price change | +92.7% |
| Median price per sq ft | $167/sq ft |
| Median days on market | 229 days |
| Active inventory | 5 listings |
| Months of supply | 5.0 months |
| Sale-to-list price ratio | 97.0% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Market condition | Leaning buyer's |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Chester Gap is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Chester Gap is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Chester Gap home prices moved?
Over the last three years the median sale price in Chester Gap, VA rose 208.2%, from $212,500 to $655,000. The live Zillow value series has rose 4.0% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 5.0 months while the sale-to-list ratio slips below its current 97.0%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Chester Gap?
Priced off the typical home value of $390,343 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $78,069 | $312,274 | $2,084/mo |
| 5% | $19,517 | $370,826 | $2,475/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,084, that implies roughly $89,308 a year before you add taxes and insurance. The median household in Chester Gap earns $74,183, about $15,125 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 5.3x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Chester Gap in the next 12 months?
Tell us your timeline. We send the Chester Gap market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Chester Gap?
Zillow does not publish a rent index (ZORI) for Chester Gap, VA, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Chester Gap?
Active listings in Chester Gap, VA went from 1 in March 2024 to 5 in May 2026, a +400.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| September 2024 | 2 | 1 |
| October 2024 | 3 | 1 |
| November 2024 | 3 | not published |
| February 2025 | 2 | not published |
| May 2025 | 3 | not published |
| September 2025 | 8 | not published |
| October 2025 | 7 | 2 |
| November 2025 | 5 | not published |
| December 2025 | 4 | 1 |
| February 2026 | 4 | not published |
| March 2026 | 4 | 1 |
| May 2026 | 5 | 1 |
Redfin, through May 2026
How does Chester Gap compare to Virginia and the U.S.?
Chester Gap homes sell for $655,000 — 31% above the Virginia median of $499,300. Against the national median of $410,700, Chester Gap runs 59% higher. Year-over-year, Chester Gap moved +92.7% against Virginia's +3.9% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Chester Gap, VA | $655,000 | +92.7% | 229 days |
| Virginia statewide | $499,300 | +3.9% | 28 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Chester Gap
What buyers should watch
- Months of supply, currently 5.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $391 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $390,343 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Chester Gap listing goes under contract in 229 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 97.0% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Chester Gap added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +4.0% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Chester Gap varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Chester Gap
There are currently 5 homes listed for sale in Chester Gap, Virginia. The median listing price is $200K.
Active listings
5
Homes on market
Median list price
$200K
Avg. days on market
229
Days until sale
New this week
1
Newly listed
How much do homes cost in Chester Gap by property type?
How the Chester Gap, VA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $655,000 | $167/sq ft | 1 | 229 days |
Who lives in Chester Gap?
American Community Survey estimates for Chester Gap. U.S. Census ACS, 2023
Population
896
Households
243
Median income
$74,183/yr
Median age
31.8 years
Owner-occupied
67.9%
Median home value
$243,100
Mean commute
31.9 min
67.9% of occupied homes in Chester Gap are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $243,100 against Zillow's $390,343 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which cities are near Chester Gap, VA?
Ordered by distance from Chester Gap, not by size. Compare Chester Gap side by side with any of them.
Chester Gap housing market FAQ
Is Chester Gap a buyer's or seller's market?
Chester Gap, VA is currently a leaning buyer's. That read comes from 5.0 months of supply, homes going under contract in about 229 days, and sellers getting 97.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Chester Gap?
The typical home in Chester Gap, VA is worth $390,343 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $655,000, about $167 per square foot.
Is Chester Gap cheaper than the rest of Virginia?
Chester Gap's median sale price of $655,000 is 31% higher than the Virginia statewide median of $499,300, and 59% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Chester Gap?
Homes in Chester Gap, VA spent a median of 229 days on market before going under contract, versus 28 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Chester Gap?
At the current 30-year fixed rate of 7.03%, 20% down on a $390,343 home is about $2,084 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $89,308 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $74,183.
Are home prices rising in Chester Gap?
The typical home value in Chester Gap, VA rose 4.0% over the last 12 months, from $375,292 to $390,343 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Chester Gap?
Chester Gap ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Chester Gap?
That depends on your timeline, not on a headline. What the data says today: Chester Gap, VA is a leaning buyer's with 5.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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