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Chesapeake Market Report

$477,459

AVERAGE PRICE OF 1,007 HOMES

$237,063

AVERAGE PRICE OF 37 DISTRESSED HOMES

$1,939,931

AVERAGE PRICE OF 31 MULTI-MILLION DOLLAR HOMES

$572,452

AVERAGE PRICE OF 336 NEWLY BUILT HOMES

$593,717

AVERAGE PRICE OF 50 HOMES WITH A POOL

$445,366

AVERAGE PRICE OF 15 REDUCED PRICE HOMES

Average Home

Average Price $477,459
Avg Bedrooms 3.27 beds
Avg Bathrooms 2.07 baths

Average Price by Bedrooms

1 bedroom $147,811
2 bedrooms $224,586
3 bedrooms $333,687
4 bedrooms $513,327
5 bedrooms $645,435
Chesapeake Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 1,003 973 1,051 1,126 1,170
Average Price $471,808 $479,026 $476,103 $477,741 $475,776
Avg Price Change -1.53% +0.61% -0.34% +0.41% +0.52%
Median Price $409,654 $406,193 $403,672 $409,128 $406,635
Med Price Change +0.85% +0.62% -1.35% +0.61% -0.91%
Avg Bedrooms 3.27 beds 3.26 beds 3.27 beds 3.28 beds 3.29 beds
Avg Bathrooms 2.07 baths 2.06 baths 2.05 baths 2.05 baths 2.06 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Grassfield 187 $520,887 152 days
Hickory 140 $677,712 133 days
Indian River 143 $409,684 89 days
Oscar Smith 181 $365,883 78 days
Western Branch 163 $451,402 120 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,007 $477,459 114 days
Distressed Homes 37 $237,063 70 days
Multi-Million Dollar Homes 31 $1,939,931 267 days
Newly Built Homes 336 $572,452 120 days
Homes with a Pool 50 $593,717 50 days
Reduced Price Homes 15 $445,366 42 days
RE/MAX Edge
Chad Ingram
120 S. Lynnhaven Rd, Ste 204
Virginia Beach, VA 23452
757-226-9007

©2023 REIN, Inc. Information Deemed Reliable But Not Guaranteed. The listings data displayed on this medium comes in part from the Real Estate Information Network, Inc, (REIN) and has authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent.

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REIN update its listing on a daily basis. data last updated: March 28, 2023

Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings, user is advised to verify the accuracy of the listing information before making any financial decisions.

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