Chesapeake Market Report
$526,821
AVERAGE PRICE OF 1,236 HOMES$299,039
AVERAGE PRICE OF 24 DISTRESSED HOMES$1,630,684
AVERAGE PRICE OF 34 MULTI-MILLION DOLLAR HOMES$663,984
AVERAGE PRICE OF 342 NEWLY BUILT HOMES$707,824
AVERAGE PRICE OF 87 HOMES WITH A POOL$512,821
AVERAGE PRICE OF 49 REDUCED PRICE HOMESAverage Home
| Average Price | $526,821 |
| Avg Bedrooms | 3.51 beds |
| Avg Bathrooms | 2.24 baths |
Average Price by Bedrooms
| 1 bedroom | $159,950 |
| 2 bedrooms | $273,230 |
| 3 bedrooms | $385,094 |
| 4 bedrooms | $565,077 |
| 5 bedrooms | $703,725 |
Chesapeake Home Price Trends
| 5/2025 | 4/2025 | 3/2025 | 2/2025 | 1/2025 | |
|---|---|---|---|---|---|
| Total Listings | 1,201 | 1,138 | 1,014 | 979 | 891 |
| Average Price | $520,735 | $515,093 | $513,317 | $507,966 | $509,171 |
| Avg Price Change | +1.10% | +0.35% | +1.05% | -0.24% | 0.00% |
| Median Price | $490,265 | $478,316 | $473,159 | $465,021 | $463,772 |
| Med Price Change | +2.50% | +1.09% | +1.75% | +0.27% | -0.38% |
| Avg Bedrooms | 3.48 beds | 3.43 beds | 3.37 beds | 3.36 beds | 3.39 beds |
| Avg Bathrooms | 2.23 baths | 2.21 baths | 2.18 baths | 2.17 baths | 2.18 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Western Branch | 238 | $458,823 | 83 days |
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,236 | $526,821 | 96 days |
| Distressed Homes | 24 | $299,039 | 78 days |
| Multi-Million Dollar Homes | 34 | $1,630,684 | 403 days |
| Newly Built Homes | 342 | $663,984 | 121 days |
| Homes with a Pool | 87 | $707,824 | 37 days |
| Reduced Price Homes | 49 | $512,821 | 30 days |
