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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

$474,319

AVERAGE PRICE OF 1,248 HOMES

$238,160

AVERAGE PRICE OF 20 DISTRESSED HOMES

$2,532,892

AVERAGE PRICE OF 31 MULTI-MILLION DOLLAR HOMES

$546,861

AVERAGE PRICE OF 398 NEWLY BUILT HOMES

$560,965

AVERAGE PRICE OF 77 HOMES WITH A POOL

$455,307

AVERAGE PRICE OF 47 REDUCED PRICE HOMES

Average Home

Average Price $474,319
Avg Bedrooms 3.31 beds
Avg Bathrooms 2.07 baths

Average Price by Bedrooms

1 bedroom $152,800
2 bedrooms $224,090
3 bedrooms $335,863
4 bedrooms $504,045
5 bedrooms $607,878
Chesapeake Home Price Trends
  8/2022 7/2022 6/2022 5/2022 4/2022
Total Listings 1,303 1,334 n/a n/a n/a
Average Price $466,719 $461,341 n/a n/a n/a
Avg Price Change +1.17% n/a n/a n/a n/a
Median Price $410,165 $410,071 n/a n/a n/a
Med Price Change +0.02% n/a n/a n/a n/a
Avg Bedrooms 3.33 beds 3.32 beds n/a n/a n/a
Avg Bathrooms 2.1 baths 2.1 baths n/a n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Grassfield 260 $560,013 148 days
Hickory 146 $649,244 132 days
Indian River 197 $402,191 64 days
Oscar Smith 215 $352,421 70 days
Western Branch 191 $456,753 89 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,248 $474,319 103 days
Distressed Homes 20 $238,160 127 days
Multi-Million Dollar Homes 31 $2,532,892 324 days
Newly Built Homes 398 $546,861 123 days
Homes with a Pool 77 $560,965 40 days
Reduced Price Homes 47 $455,307 40 days