What does $350K–$500K buy in Chesterfield County in 2026?

What does $350K–$500K buy in Chesterfield County?

It buys a typical Chesterfield home: most often a detached house in an established neighborhood, or a newer townhouse. Chesterfield’s overall median sale price in September 2026 was $435,500, up 2.5% from a year ago, so this band sits around the center of the market and not at its edge.

The numbers for the band are specific. In September, 158 homes sold between $350K and $500K, at a median of $408,750, a median of 11.5 days on market and $211.13 per square foot. There were 550 active listings, which works out to 3.0 months of supply. That is a market where a prepared buyer has real choices and a house that is priced right still sells in under two weeks.

By property type, detached homes had a median of $466,900 on 305 sales, townhouses $379,990 on 39 sales, and condos $364,465 on 30 sales. Detached homes are the large majority of what sold in the county, which is why this price range is mostly a story about single-family houses. All figures are Keeton & Co analysis of CVR MLS data, September 2026; the live version is on our Chesterfield County market page.

What kind of home is a $400K budget in Chesterfield?

Expect a detached house in the middle of the county’s price range, with the trade-offs depending on where you look. The northern and eastern parts of Chesterfield near Bon Air and Chester are older, with established lots and mature trees. Midlothian and the western side of the county have a wider mix, including newer subdivisions with neighborhood amenities. Brandermill and other planned communities give you shared lakes, pools and trails, with HOA dues that belong in your monthly math.

At the low end of this band, expect to give something up: age, a smaller lot, a dated kitchen or a longer drive. At the top near $500K you are shopping for a newer build, more finished space or a better location. I tell buyers to rank the three things they will not compromise on before they tour, because the band offers different combinations and no home has all of them.

A townhouse in this band is a different purchase. Median townhouse price was $379,990, so townhouses cluster toward the bottom of the band, with low exterior maintenance and an HOA. If you want a yard, plan on a detached house.

How competitive is this price range?

Moderately. The $350K to $500K band had 3.0 months of supply and a median of 11.5 days on market. For comparison, the $250K to $350K band had 2.0 months of supply and sold in 11 days at a median of $315,000, so entry-level homes are tighter. The $500K to $750K band had 3.3 months of supply and sold in 12 days at a median of $570,000.

Price band	Sold	Median price	Days on market	Months of supply
Under $250K	20	$225,000	7	3.6
$250K–$350K	61	$315,000	11	2.0
$350K–$500K	158	$408,750	11.5	3.0
$500K–$750K	90	$570,000	12	3.3
$750K–$1M	34	$823,920	25	3.3

Across the county, 35.8% of homes sold above list price and 58.2% of sales included seller concessions. Both can be true at once: the best homes draw competing offers while the rest of the market negotiates. If you are bidding, our post on appraisal gaps explains what happens when you offer above list.

Where I see people get this wrong

In fourteen years in this market, the most common mistake I see is a buyer who fixes on a monthly payment and ignores the pieces around it. A couple shopping at $400,000 in Chesterfield finds a house they love in a planned community, and the payment works until the HOA dues, the real estate tax and a roof that is twelve years old go into the same spreadsheet. The house was fine. The budget was incomplete.

The fix is simple. Ask your lender for a payment estimate that includes taxes and insurance, add the HOA, and ask your agent what the major systems cost to replace on the specific house. Then decide whether you want to be at the top of your budget or comfortably under it.

How should I shop this band?

Get pre-approved first, because a 158-sale band moves fast enough that a buyer without a letter loses the good house. Decide your commute and school priorities before you choose a neighborhood; the county is large and a ten-mile difference changes your daily life more than a $20,000 difference in price.

Tour at the times you would actually be home, because traffic on Midlothian Turnpike and Route 10 changes how a house feels. Ask for the tax bill, the age of the roof and HVAC, and whether the HOA has a pending assessment. Be ready to ask for a seller credit. With 58.2% of September sales including concessions across the county, it is a normal request and not an insult. Waiving the inspection to win a house is a different matter; read what happens at a Virginia home inspection before you decide how much risk you are willing to take.

What should I do next?

If you are shopping in this band, start with our buyer process and we will send you the homes that fit your priorities. You can also contact our Glen Allen office, ask Daniel Keeton directly, or reach us here.