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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

$483,469

AVERAGE PRICE OF 1,018 HOMES

$260,970

AVERAGE PRICE OF 24 DISTRESSED HOMES

$1,933,414

AVERAGE PRICE OF 31 MULTI-MILLION DOLLAR HOMES

$578,696

AVERAGE PRICE OF 281 NEWLY BUILT HOMES

$628,003

AVERAGE PRICE OF 64 HOMES WITH A POOL

$429,596

AVERAGE PRICE OF 31 REDUCED PRICE HOMES

Average Home

Average Price $483,469
Avg Bedrooms 3.33 beds
Avg Bathrooms 2.07 baths

Average Price by Bedrooms

1 bedroom $138,200
2 bedrooms $250,019
3 bedrooms $336,724
4 bedrooms $508,540
5 bedrooms $651,632
Chesapeake Home Price Trends
  5/2023 4/2023 3/2023 2/2023 1/2023
Total Listings 1,022 990 1,007 1,003 973
Average Price $486,132 $482,465 $474,997 $471,808 $479,026
Avg Price Change +0.76% +1.57% +0.68% -1.53% +0.61%
Median Price $423,945 $419,789 $410,295 $409,654 $406,193
Med Price Change +0.99% +2.31% +0.16% +0.85% +0.62%
Avg Bedrooms 3.33 beds 3.3 beds 3.27 beds 3.27 beds 3.26 beds
Avg Bathrooms 2.09 baths 2.08 baths 2.06 baths 2.07 baths 2.06 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Grassfield 180 $553,399 157 days
Hickory 151 $675,352 127 days
Indian River 143 $395,558 61 days
Oscar Smith 177 $384,797 77 days
Western Branch 183 $428,399 99 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,018 $483,469 107 days
Distressed Homes 24 $260,970 68 days
Multi-Million Dollar Homes 31 $1,933,414 296 days
Newly Built Homes 281 $578,696 122 days
Homes with a Pool 64 $628,003 32 days
Reduced Price Homes 31 $429,596 39 days