Chesapeake Market Report
$353,668
AVERAGE PRICE OF 2,209 HOMES$206,974
AVERAGE PRICE OF 105 DISTRESSED HOMES$1,879,020
AVERAGE PRICE OF 25 MULTI-MILLION DOLLAR HOMES$398,199
AVERAGE PRICE OF 696 NEWLY BUILT HOMES$470,267
AVERAGE PRICE OF 162 HOMES WITH A POOL$369,923
AVERAGE PRICE OF 63 REDUCED PRICE HOMESAverage Home
| Average Price | $353,668 |
| Avg Bedrooms | 3.5 beds |
| Avg Bathrooms | 2.16 baths |
Average Price by Bedrooms
| 1 bedroom | $115,000 |
| 2 bedrooms | $169,910 |
| 3 bedrooms | $255,180 |
| 4 bedrooms | $368,799 |
| 5 bedrooms | $451,510 |
Chesapeake Home Price Trends
| 5/2019 | 4/2019 | 3/2019 | 2/2019 | 1/2019 | |
|---|---|---|---|---|---|
| Total Listings | 2,211 | 2,068 | 1,911 | 1,829 | 1,778 |
| Average Price | $357,963 | $355,343 | $350,425 | $346,307 | $345,567 |
| Avg Price Change | +0.74% | +1.40% | +1.19% | +0.21% | +1.19% |
| Median Price | $339,231 | $337,184 | $331,741 | $325,568 | $324,820 |
| Med Price Change | +0.61% | +1.64% | +1.90% | +0.23% | +2.81% |
| Avg Bedrooms | 3.52 beds | 3.5 beds | 3.46 beds | 3.43 beds | 3.44 beds |
| Avg Bathrooms | 2.18 baths | 2.17 baths | 2.15 baths | 2.14 baths | 2.13 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Grassfield | 406 | $389,471 | 108 days |
| Hickory | 283 | $481,981 | 96 days |
| Indian River | 284 | $283,491 | 63 days |
| Oscar Smith | 363 | $286,054 | 95 days |
| Western Branch | 374 | $319,066 | 87 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 2,209 | $353,668 | 91 days |
| Distressed Homes | 105 | $206,974 | 117 days |
| Multi-Million Dollar Homes | 25 | $1,879,020 | 235 days |
| Newly Built Homes | 696 | $398,199 | 107 days |
| Homes with a Pool | 162 | $470,267 | 63 days |
| Reduced Price Homes | 63 | $369,923 | 53 days |
