Chesapeake Market Report
$511,147
AVERAGE PRICE OF 964 HOMES$247,716
AVERAGE PRICE OF 15 DISTRESSED HOMES$1,891,112
AVERAGE PRICE OF 28 MULTI-MILLION DOLLAR HOMES$627,766
AVERAGE PRICE OF 314 NEWLY BUILT HOMES$756,305
AVERAGE PRICE OF 58 HOMES WITH A POOL$345,893
AVERAGE PRICE OF 16 REDUCED PRICE HOMESAverage Home
| Average Price | $511,147 |
| Avg Bedrooms | 3.37 beds |
| Avg Bathrooms | 2.15 baths |
Average Price by Bedrooms
| 1 bedroom | $184,900 |
| 2 bedrooms | $276,050 |
| 3 bedrooms | $367,016 |
| 4 bedrooms | $558,424 |
| 5 bedrooms | $697,055 |
Chesapeake Home Price Trends
| 11/2024 | 10/2024 | 9/2024 | 8/2024 | 7/2024 | |
|---|---|---|---|---|---|
| Total Listings | 1,003 | 1,040 | 1,080 | 1,106 | 1,108 |
| Average Price | $514,014 | $514,402 | $510,760 | $517,218 | $518,997 |
| Avg Price Change | -0.08% | +0.71% | -1.26% | -0.34% | +0.66% |
| Median Price | $474,105 | $469,850 | $467,179 | $475,086 | $475,094 |
| Med Price Change | +0.91% | +0.57% | -1.69% | 0.00% | +2.05% |
| Avg Bedrooms | 3.37 beds | 3.41 beds | 3.41 beds | 3.42 beds | 3.4 beds |
| Avg Bathrooms | 2.15 baths | 2.16 baths | 2.16 baths | 2.19 baths | 2.19 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Western Branch | 181 | $440,370 | 121 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 964 | $511,147 | 118 days |
| Distressed Homes | 15 | $247,716 | 47 days |
| Multi-Million Dollar Homes | 28 | $1,891,112 | 433 days |
| Newly Built Homes | 314 | $627,766 | 129 days |
| Homes with a Pool | 58 | $756,305 | 47 days |
| Reduced Price Homes | 16 | $345,893 | 59 days |
