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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

$514,280

AVERAGE PRICE OF 1,047 HOMES

$315,678

AVERAGE PRICE OF 23 DISTRESSED HOMES

$1,688,872

AVERAGE PRICE OF 30 MULTI-MILLION DOLLAR HOMES

$653,171

AVERAGE PRICE OF 328 NEWLY BUILT HOMES

$700,047

AVERAGE PRICE OF 57 HOMES WITH A POOL

$454,896

AVERAGE PRICE OF 31 REDUCED PRICE HOMES

Average Home

Average Price $514,280
Avg Bedrooms 3.38 beds
Avg Bathrooms 2.18 baths

Average Price by Bedrooms

1 bedroom $149,900
2 bedrooms $271,636
3 bedrooms $377,063
4 bedrooms $562,953
5 bedrooms $697,860
Chesapeake Home Price Trends
  2/2025 1/2025 12/2024 11/2024 10/2024
Total Listings 979 891 928 1,003 1,040
Average Price $507,966 $509,171 $509,187 $514,014 $514,402
Avg Price Change -0.24% 0.00% -0.95% -0.08% +0.71%
Median Price $465,021 $463,772 $465,541 $474,105 $469,850
Med Price Change +0.27% -0.38% -1.84% +0.91% +0.57%
Avg Bedrooms 3.36 beds 3.39 beds 3.35 beds 3.37 beds 3.41 beds
Avg Bathrooms 2.17 baths 2.18 baths 2.15 baths 2.15 baths 2.16 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Western Branch 186 $437,322 86 days
Total Homes Average Price Avg Days on Site
All Homes 1,047 $514,280 106 days
Distressed Homes 23 $315,678 75 days
Multi-Million Dollar Homes 30 $1,688,872 442 days
Newly Built Homes 328 $653,171 119 days
Homes with a Pool 57 $700,047 34 days
Reduced Price Homes 31 $454,896 37 days