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Chesapeake Market Report

$436,182

AVERAGE PRICE OF 971 HOMES

$202,300

AVERAGE PRICE OF 13 DISTRESSED HOMES

$2,412,333

AVERAGE PRICE OF 19 MULTI-MILLION DOLLAR HOMES

$514,815

AVERAGE PRICE OF 360 NEWLY BUILT HOMES

$616,960

AVERAGE PRICE OF 38 HOMES WITH A POOL

$380,411

AVERAGE PRICE OF 9 REDUCED PRICE HOMES

Average Home

Average Price $436,182
Avg Bedrooms 3.19 beds
Avg Bathrooms 2.02 baths

Average Price by Bedrooms

1 bedroom $139,000
2 bedrooms $203,527
3 bedrooms $327,077
4 bedrooms $464,604
5 bedrooms $596,726
Chesapeake Home Price Trends
  12/2021 11/2021 10/2021 9/2021 8/2021
Total Listings 1,133 n/a 1,408 1,464 1,550
Average Price $429,578 n/a $413,988 $410,220 $407,737
Avg Price Change n/a n/a +0.92% +0.61% -0.83%
Median Price $375,687 n/a $361,598 $362,748 $364,232
Med Price Change n/a n/a -0.32% -0.41% -0.57%
Avg Bedrooms 3.22 beds n/a 3.26 beds 3.3 beds 3.34 beds
Avg Bathrooms 2 baths n/a 2.02 baths 2.03 baths 2.06 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Grassfield 182 $572,652 168 days
Hickory 151 $571,737 110 days
Indian River 139 $327,814 65 days
Oscar Smith 134 $327,082 84 days
Western Branch 199 $377,399 115 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 971 $436,182 118 days
Distressed Homes 13 $202,300 172 days
Multi-Million Dollar Homes 19 $2,412,333 462 days
Newly Built Homes 360 $514,815 143 days
Homes with a Pool 38 $616,960 54 days
Reduced Price Homes 9 $380,411 63 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: January 17, 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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