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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 HOMES

Average 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
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: October 4, 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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