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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

$508,184

AVERAGE PRICE OF 1,009 HOMES

$336,800

AVERAGE PRICE OF 11 DISTRESSED HOMES

$1,980,550

AVERAGE PRICE OF 32 MULTI-MILLION DOLLAR HOMES

$600,685

AVERAGE PRICE OF 311 NEWLY BUILT HOMES

$711,571

AVERAGE PRICE OF 73 HOMES WITH A POOL

$444,426

AVERAGE PRICE OF 29 REDUCED PRICE HOMES

Average Home

Average Price $508,184
Avg Bedrooms 3.36 beds
Avg Bathrooms 2.13 baths

Average Price by Bedrooms

2 bedrooms $254,070
3 bedrooms $350,057
4 bedrooms $541,689
5 bedrooms $674,773
Chesapeake Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 930 895 872 851 900
Average Price $510,312 $506,263 $504,202 $493,642 $486,171
Avg Price Change +0.80% +0.41% +2.14% +1.54% +1.07%
Median Price $454,541 $438,751 $428,741 $425,585 $419,056
Med Price Change +3.60% +2.33% +0.74% +1.56% +1.02%
Avg Bedrooms 3.34 beds 3.32 beds 3.32 beds 3.33 beds 3.33 beds
Avg Bathrooms 2.12 baths 2.12 baths 2.12 baths 2.13 baths 2.11 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Western Branch 204 $433,321 88 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,009 $508,184 101 days
Distressed Homes 11 $336,800 66 days
Multi-Million Dollar Homes 32 $1,980,550 346 days
Newly Built Homes 311 $600,685 96 days
Homes with a Pool 73 $711,571 33 days
Reduced Price Homes 29 $444,426 28 days