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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 HOMES

Average 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
James & Lee Realty
Lynn Hundley
3707 Virginia Beach Blvd., Suite 203
Virginia Beach, VA 23462
757-343-3223

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REIN update its listing on a daily basis. data last updated: September 16, 2021

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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