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Chesapeake

Why you'd want to live in Chesapeake

Chesapeake is a diverse city in which a few urban areas are located; it also has many square miles of protected farmland, forests, and wetlands, including a substantial portion of the Great Dismal Swamp National Wildlife Refuge. Extending from the rural border with North Carolina to the harbor area of Hampton Roads adjacent to the cities of Norfolk, Portsmouth, Suffolk, and Virginia Beach, Chesapeake is located on the Atlantic Intracoastal Waterway. It has miles of waterfront industrial, commercial and residential property.

Chesapeake Market Report

$471,880

AVERAGE PRICE OF 986 HOMES

$250,170

AVERAGE PRICE OF 25 DISTRESSED HOMES

$1,987,142

AVERAGE PRICE OF 27 MULTI-MILLION DOLLAR HOMES

$552,179

AVERAGE PRICE OF 351 NEWLY BUILT HOMES

$572,355

AVERAGE PRICE OF 44 HOMES WITH A POOL

$485,112

AVERAGE PRICE OF 24 REDUCED PRICE HOMES

Average Home

Average Price $471,880
Avg Bedrooms 3.29 beds
Avg Bathrooms 2.08 baths

Average Price by Bedrooms

1 bedroom $152,220
2 bedrooms $216,850
3 bedrooms $344,785
4 bedrooms $506,524
5 bedrooms $641,437
Chesapeake Home Price Trends
  12/2022 11/2022 10/2022 9/2022 8/2022
Total Listings 1,051 1,126 1,170 1,240 1,303
Average Price $476,103 $477,741 $475,776 $473,317 $466,719
Avg Price Change -0.34% +0.41% +0.52% +1.41% +1.17%
Median Price $403,672 $409,128 $406,635 $410,325 $410,165
Med Price Change -1.35% +0.61% -0.91% +0.04% +0.02%
Avg Bedrooms 3.27 beds 3.28 beds 3.29 beds 3.32 beds 3.33 beds
Avg Bathrooms 2.05 baths 2.05 baths 2.06 baths 2.08 baths 2.1 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Grassfield 204 $499,484 156 days
Hickory 133 $690,261 150 days
Indian River 125 $400,642 106 days
Oscar Smith 189 $361,173 74 days
Western Branch 151 $441,299 120 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 986 $471,880 121 days
Distressed Homes 25 $250,170 77 days
Multi-Million Dollar Homes 27 $1,987,142 309 days
Newly Built Homes 351 $552,179 127 days
Homes with a Pool 44 $572,355 52 days
Reduced Price Homes 24 $485,112 51 days