Chesapeake Market Report
$410,809
AVERAGE PRICE OF 1,451 HOMES$260,862
AVERAGE PRICE OF 16 DISTRESSED HOMES$2,460,180
AVERAGE PRICE OF 24 MULTI-MILLION DOLLAR HOMES$482,123
AVERAGE PRICE OF 457 NEWLY BUILT HOMES$508,276
AVERAGE PRICE OF 78 HOMES WITH A POOL$405,408
AVERAGE PRICE OF 33 REDUCED PRICE HOMESAverage Home
| Average Price | $410,809 |
| Avg Bedrooms | 3.29 beds |
| Avg Bathrooms | 2.02 baths |
Average Price by Bedrooms
| 1 bedroom | $178,740 |
| 2 bedrooms | $211,740 |
| 3 bedrooms | $304,386 |
| 4 bedrooms | $439,531 |
| 5 bedrooms | $550,117 |
Chesapeake Home Price Trends
| 8/2021 | 7/2021 | 6/2021 | 5/2021 | 4/2021 | |
|---|---|---|---|---|---|
| Total Listings | 1,550 | 1,521 | 1,552 | 1,527 | 1,403 |
| Average Price | $407,737 | $411,135 | $409,432 | $410,326 | $408,383 |
| Avg Price Change | -0.83% | +0.42% | -0.22% | +0.48% | +0.61% |
| Median Price | $364,232 | $366,296 | $364,700 | $366,633 | $365,373 |
| Med Price Change | -0.57% | +0.44% | -0.53% | +0.34% | +1.13% |
| Avg Bedrooms | 3.34 beds | 3.39 beds | 3.38 beds | 3.36 beds | 3.36 beds |
| Avg Bathrooms | 2.06 baths | 2.07 baths | 2.08 baths | 2.09 baths | 2.09 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Grassfield | 307 | $514,374 | 120 days |
| Hickory | 177 | $539,757 | 130 days |
| Indian River | 201 | $322,782 | 48 days |
| Oscar Smith | 220 | $288,197 | 62 days |
| Western Branch | 250 | $369,929 | 97 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,451 | $410,809 | 95 days |
| Distressed Homes | 16 | $260,862 | 150 days |
| Multi-Million Dollar Homes | 24 | $2,460,180 | 468 days |
| Newly Built Homes | 457 | $482,123 | 126 days |
| Homes with a Pool | 78 | $508,276 | 43 days |
| Reduced Price Homes | 33 | $405,408 | 24 days |
