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Homes for Sale in Chesapeake, VA Under $200,000

15 homes for sale in Chesapeake, VA under $200,000, plus 17 lots, from REIN MLS · Listing data as of Oct 23, 8:20 AM ET (syncs every 2 minutes)

15 homes are for sale in Chesapeake under $200,000 today, at a median list price of $185,000. The typical one has 2 bedrooms and about 905 sq ft, and was built in 1962.

Tom & Dariya Milan, RealtorsBrokered by LPT Realty · Call or text (757) 777-7577

All Chesapeake homes for sale →

Source: REIN MLS. For sale now and days on market include lots; median list price and new this week are for homes only. Homes under contract are excluded.

15 Chesapeake homes and 17 lots for sale in this price range right now

(+20 under contract)
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Showing 1–51 of 52

Homes for sale are listed first, newest listings first; homes under contract follow.

Price ranges

Chesapeake, VA homes for sale by price range

Medians of active REIN MLS listings, October 23, 2026. Lots and land are counted separately and left out of the typical beds, size and year built. Est. payment is principal and interest only, 30-year fixed at 6.65% (an assumption, not a quote) with 20% down; taxes, insurance and HOA fees are extra. Estimates are for informational purposes only and do not constitute a loan offer or pre-approval. Compare local lenders: Hampton Roads lenders.
Price rangeHomes for saleTypical bedsTypical sizeTypical year builtEst. P&I / moListings
Under $200K15+17 lots2905 sqft1962Est. payment up to $1,027/moShown on this page
$200K–$300K95+12 lots31,254 sqft1984Est. payment $1,284/moSee all 107 listings →
$300K–$400K163+1 lot31,577 sqft1984Est. payment $1,798/moSee all 164 listings →
$400K–$500K135+6 lots42,039 sqft1997Est. payment $2,311/moSee all 141 listings →
$500K–$750K270+5 lots42,642 sqft2017Est. payment $3,210/moSee all 275 listings →
Over $750K92+6 lots53,226 sqft2026Est. payment from $3,852/moSee all 98 listings →

Market snapshot

Chesapeake homes under $200,000: market snapshot, October 2026

Of the 32 listings for sale in Chesapeake under $200,000, 8 (25%) have had a price cut, and another 20 are under contract. The median active listing has been on the market 23 days (REIN).

For sale now

Median price per sq ft
$171
Under contract
20
With a price cut
825% of homes for sale

Recently sold

Homes sold
64
Median sold price
$169,500
Median days on market (REIN)
24 days
Median sold price per sq ft
$157

Closed sales from REIN MLS, March 2026 – September 2026.

Chesapeake housing market trends →Chesapeake market report PDF →

Data: REIN MLS, October 23, 2026.

Tom and Dariya Milan

Your agents

Your Chesapeake real estate agents: Tom & Dariya Milan

Tom & Dariya Milan, Realtors

Brokered by LPT Realty

We are Tom and Dariya Milan, a husband-and-wife team of licensed real estate agents in Virginia, serving Hampton Roads since 2005. Our office is at Town Center in Virginia Beach, and we are members of REIN MLS, the listing service behind every home on this page. In Chesapeake our work takes us across Greenbrier, Great Bridge, Hickory, Deep Creek, Western Branch and South Norfolk. Call or text us about any Chesapeake home on REIN MLS, or ask for a private showing.

Office: 249 Central Park Ave Ste 300-220, Virginia Beach, VA 23462

Call or text (757) 777-7577

What's my Chesapeake home worth? →About Tom & Dariya →

FAQ

Homes for sale in Chesapeake, VA under $200,000: FAQ

How many homes are for sale in Chesapeake, VA under $200,000?

As of October 23, 2026, REIN MLS shows 15 homes for sale in Chesapeake under $200,000, plus 17 lots. Another 20 listings are under contract. Of the 32 listings for sale, 2 have been listed since October 17 and 8 have had a price cut.

All Chesapeake homes for sale →

What do homes under $200,000 in Chesapeake look like?

The median list price of the 15 homes for sale in Chesapeake under $200,000 is $185,000 as of October 23, 2026. The typical home has 2 bedrooms and about 905 sq ft, and was built in 1962. The median list price per square foot is $171.

Chesapeake housing market trends →

How fast do homes under $200,000 sell in Chesapeake?

From March 2026 through September 2026, 64 homes in Chesapeake sold under $200,000 on REIN MLS, at a median sold price of $169,500. The median closed sale was on the market 24 days (REIN).

Market snapshot and recent sales →