If you need assistance, please call 757-343-3223

Chesapeake Market Report

$467,019

AVERAGE PRICE OF 1,320 HOMES

$229,866

AVERAGE PRICE OF 21 DISTRESSED HOMES

$2,617,884

AVERAGE PRICE OF 29 MULTI-MILLION DOLLAR HOMES

$549,027

AVERAGE PRICE OF 389 NEWLY BUILT HOMES

$549,140

AVERAGE PRICE OF 79 HOMES WITH A POOL

$437,290

AVERAGE PRICE OF 48 REDUCED PRICE HOMES

Average Home

Average Price $467,019
Avg Bedrooms 3.33 beds
Avg Bathrooms 2.11 baths

Average Price by Bedrooms

1 bedroom $152,000
2 bedrooms $222,591
3 bedrooms $335,691
4 bedrooms $499,985
5 bedrooms $603,889
Chesapeake Home Price Trends
  7/2022 6/2022 5/2022 4/2022 3/2022
Total Listings 1,334 n/a n/a n/a 1,093
Average Price $461,341 n/a n/a n/a $446,584
Avg Price Change n/a n/a n/a n/a +0.68%
Median Price $410,071 n/a n/a n/a $388,306
Med Price Change n/a n/a n/a n/a +1.28%
Avg Bedrooms 3.32 beds n/a n/a n/a 3.26 beds
Avg Bathrooms 2.1 baths n/a n/a n/a 2.09 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Grassfield 254 $565,895 139 days
Hickory 167 $636,124 109 days
Indian River 197 $409,422 60 days
Oscar Smith 213 $345,085 73 days
Western Branch 228 $414,634 78 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,320 $467,019 95 days
Distressed Homes 21 $229,866 107 days
Multi-Million Dollar Homes 29 $2,617,884 381 days
Newly Built Homes 389 $549,027 118 days
Homes with a Pool 79 $549,140 34 days
Reduced Price Homes 48 $437,290 36 days
James & Lee Realty
Lynn Hundley
3707 Virginia Beach Blvd., Suite 203
Virginia Beach, VA 23462
757-343-3223

©2022 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: August 15, 2022

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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