Chesapeake Market Report
$492,302
AVERAGE PRICE OF 852 HOMES$281,619
AVERAGE PRICE OF 20 DISTRESSED HOMES$1,893,365
AVERAGE PRICE OF 26 MULTI-MILLION DOLLAR HOMES$595,379
AVERAGE PRICE OF 275 NEWLY BUILT HOMES$626,466
AVERAGE PRICE OF 41 HOMES WITH A POOL$402,292
AVERAGE PRICE OF 45 REDUCED PRICE HOMESAverage Home
| Average Price | $492,302 |
| Avg Bedrooms | 3.33 beds |
| Avg Bathrooms | 2.12 baths |
Average Price by Bedrooms
| 1 bedroom | $145,000 |
| 2 bedrooms | $251,246 |
| 3 bedrooms | $341,769 |
| 4 bedrooms | $523,658 |
| 5 bedrooms | $676,262 |
Chesapeake Home Price Trends
| 11/2023 | 10/2023 | 9/2023 | 8/2023 | 7/2023 | |
|---|---|---|---|---|---|
| Total Listings | 900 | 903 | 911 | 959 | 975 |
| Average Price | $486,171 | $481,028 | $482,521 | $469,587 | $478,778 |
| Avg Price Change | +1.07% | -0.31% | +2.75% | -1.96% | -0.79% |
| Median Price | $419,056 | $414,832 | $427,579 | $425,099 | $425,398 |
| Med Price Change | +1.02% | -3.07% | +0.58% | -0.07% | 0.00% |
| Avg Bedrooms | 3.33 beds | 3.31 beds | 3.31 beds | 3.31 beds | 3.3 beds |
| Avg Bathrooms | 2.11 baths | 2.09 baths | 2.11 baths | 2.09 baths | 2.08 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Grassfield | 111 | $623,688 | 192 days |
| Hickory | 127 | $726,696 | 153 days |
| Indian River | 105 | $388,927 | 62 days |
| Oscar Smith | 196 | $369,761 | 81 days |
| Western Branch | 150 | $443,867 | 144 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 852 | $492,302 | 125 days |
| Distressed Homes | 20 | $281,619 | 58 days |
| Multi-Million Dollar Homes | 26 | $1,893,365 | 392 days |
| Newly Built Homes | 275 | $595,379 | 121 days |
| Homes with a Pool | 41 | $626,466 | 41 days |
| Reduced Price Homes | 45 | $402,292 | 65 days |
