Chesapeake Market Report
$480,941
AVERAGE PRICE OF 884 HOMES$273,283
AVERAGE PRICE OF 18 DISTRESSED HOMES$1,845,692
AVERAGE PRICE OF 26 MULTI-MILLION DOLLAR HOMES$576,731
AVERAGE PRICE OF 265 NEWLY BUILT HOMES$644,251
AVERAGE PRICE OF 41 HOMES WITH A POOL$447,971
AVERAGE PRICE OF 43 REDUCED PRICE HOMESAverage Home
| Average Price | $480,941 |
| Avg Bedrooms | 3.3 beds |
| Avg Bathrooms | 2.1 baths |
Average Price by Bedrooms
| 1 bedroom | $136,900 |
| 2 bedrooms | $257,004 |
| 3 bedrooms | $341,442 |
| 4 bedrooms | $510,226 |
| 5 bedrooms | $656,902 |
Chesapeake Home Price Trends
| 9/2023 | 8/2023 | 7/2023 | 6/2023 | 5/2023 | |
|---|---|---|---|---|---|
| Total Listings | 911 | 959 | 975 | 1,038 | 1,022 |
| Average Price | $482,521 | $469,587 | $478,778 | $482,547 | $486,132 |
| Avg Price Change | +2.75% | -1.96% | -0.79% | -0.74% | +0.76% |
| Median Price | $427,579 | $425,099 | $425,398 | $425,399 | $423,945 |
| Med Price Change | +0.58% | -0.07% | 0.00% | +0.34% | +0.99% |
| Avg Bedrooms | 3.31 beds | 3.31 beds | 3.3 beds | 3.33 beds | 3.33 beds |
| Avg Bathrooms | 2.11 baths | 2.09 baths | 2.08 baths | 2.07 baths | 2.09 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Grassfield | 128 | $575,196 | 178 days |
| Hickory | 139 | $706,849 | 144 days |
| Indian River | 107 | $348,127 | 59 days |
| Oscar Smith | 208 | $373,542 | 69 days |
| Western Branch | 127 | $454,715 | 156 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 884 | $480,941 | 120 days |
| Distressed Homes | 18 | $273,283 | 78 days |
| Multi-Million Dollar Homes | 26 | $1,845,692 | 357 days |
| Newly Built Homes | 265 | $576,731 | 119 days |
| Homes with a Pool | 41 | $644,251 | 35 days |
| Reduced Price Homes | 43 | $447,971 | 43 days |
