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 HOMESAverage 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 |
