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Chesapeake Market Report

$369,337

AVERAGE PRICE OF 1,747 HOMES

$231,655

AVERAGE PRICE OF 57 DISTRESSED HOMES

$2,076,664

AVERAGE PRICE OF 24 MULTI-MILLION DOLLAR HOMES

$401,665

AVERAGE PRICE OF 611 NEWLY BUILT HOMES

$482,659

AVERAGE PRICE OF 123 HOMES WITH A POOL

$324,834

AVERAGE PRICE OF 17 REDUCED PRICE HOMES

Average Home

Average Price $369,337
Avg Bedrooms 3.44 beds
Avg Bathrooms 2.16 baths

Average Price by Bedrooms

1 bedroom $142,500
2 bedrooms $196,111
3 bedrooms $268,627
4 bedrooms $388,409
5 bedrooms $500,286
Chesapeake Home Price Trends
  6/2020 5/2020 4/2020 3/2020 2/2020
Total Listings 1,838 1,828 1,837 1,776 1,669
Average Price $365,660 $363,929 $365,596 $364,654 $363,477
Avg Price Change +0.48% -0.46% +0.26% +0.32% -0.17%
Median Price $341,430 $339,006 $341,657 $338,296 $330,996
Med Price Change +0.72% -0.78% +0.99% +2.21% +0.03%
Avg Bedrooms 3.45 beds 3.42 beds 3.42 beds 3.41 beds 3.38 beds
Avg Bathrooms 2.15 baths 2.13 baths 2.13 baths 2.14 baths 2.11 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Grassfield 332 $408,825 114 days
Hickory 237 $497,063 119 days
Indian River 251 $290,443 58 days
Oscar Smith 258 $291,037 114 days
Western Branch 288 $331,938 124 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,747 $369,337 106 days
Distressed Homes 57 $231,655 178 days
Multi-Million Dollar Homes 24 $2,076,664 399 days
Newly Built Homes 611 $401,665 132 days
Homes with a Pool 123 $482,659 49 days
Reduced Price Homes 17 $324,834 32 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: July 16, 2020

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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