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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 HOMES

Average 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