Chesapeake Market Report
$477,762
AVERAGE PRICE OF 1,093 HOMES$211,168
AVERAGE PRICE OF 22 DISTRESSED HOMES$2,452,692
AVERAGE PRICE OF 30 MULTI-MILLION DOLLAR HOMES$541,023
AVERAGE PRICE OF 378 NEWLY BUILT HOMES$540,983
AVERAGE PRICE OF 68 HOMES WITH A POOL$532,549
AVERAGE PRICE OF 42 REDUCED PRICE HOMESAverage Home
| Average Price | $477,762 |
| Avg Bedrooms | 3.29 beds |
| Avg Bathrooms | 2.07 baths |
Average Price by Bedrooms
| 1 bedroom | $154,037 |
| 2 bedrooms | $212,883 |
| 3 bedrooms | $334,506 |
| 4 bedrooms | $507,790 |
| 5 bedrooms | $615,281 |
Chesapeake Home Price Trends
| 11/2022 | 10/2022 | 9/2022 | 8/2022 | 7/2022 | |
|---|---|---|---|---|---|
| Total Listings | 1,126 | 1,170 | 1,240 | 1,303 | 1,334 |
| Average Price | $477,741 | $475,776 | $473,317 | $466,719 | $461,341 |
| Avg Price Change | +0.41% | +0.52% | +1.41% | +1.17% | n/a |
| Median Price | $409,128 | $406,635 | $410,325 | $410,165 | $410,071 |
| Med Price Change | +0.61% | -0.91% | +0.04% | +0.02% | n/a |
| Avg Bedrooms | 3.28 beds | 3.29 beds | 3.32 beds | 3.33 beds | 3.32 beds |
| Avg Bathrooms | 2.05 baths | 2.06 baths | 2.08 baths | 2.1 baths | 2.1 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Grassfield | 223 | $568,726 | 149 days |
| Hickory | 123 | $649,382 | 154 days |
| Indian River | 168 | $405,271 | 78 days |
| Oscar Smith | 191 | $371,347 | 80 days |
| Western Branch | 181 | $434,521 | 97 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,093 | $477,762 | 114 days |
| Distressed Homes | 22 | $211,168 | 129 days |
| Multi-Million Dollar Homes | 30 | $2,452,692 | 349 days |
| Newly Built Homes | 378 | $541,023 | 124 days |
| Homes with a Pool | 68 | $540,983 | 41 days |
| Reduced Price Homes | 42 | $532,549 | 41 days |
