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Chesapeake Market Report

$478,568

AVERAGE PRICE OF 1,102 HOMES

$219,068

AVERAGE PRICE OF 22 DISTRESSED HOMES

$2,440,648

AVERAGE PRICE OF 32 MULTI-MILLION DOLLAR HOMES

$545,696

AVERAGE PRICE OF 372 NEWLY BUILT HOMES

$540,076

AVERAGE PRICE OF 66 HOMES WITH A POOL

$522,684

AVERAGE PRICE OF 32 REDUCED PRICE HOMES

Average Home

Average Price $478,568
Avg Bedrooms 3.28 beds
Avg Bathrooms 2.06 baths

Average Price by Bedrooms

1 bedroom $154,037
2 bedrooms $212,293
3 bedrooms $333,620
4 bedrooms $506,945
5 bedrooms $615,397
Chesapeake Home Price Trends
  11/2022 10/2022 9/2022 8/2022 7/2022
Total Listings n/a 1,170 1,240 1,303 1,334
Average Price n/a $475,776 $473,317 $466,719 $461,341
Avg Price Change n/a +0.52% +1.41% +1.17% n/a
Median Price n/a $406,635 $410,325 $410,165 $410,071
Med Price Change n/a -0.91% +0.04% +0.02% n/a
Avg Bedrooms n/a 3.29 beds 3.32 beds 3.33 beds 3.32 beds
Avg Bathrooms n/a 2.06 baths 2.08 baths 2.1 baths 2.1 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Grassfield 216 $575,156 157 days
Hickory 130 $670,207 150 days
Indian River 162 $404,056 83 days
Oscar Smith 197 $362,528 83 days
Western Branch 182 $430,674 96 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,102 $478,568 116 days
Distressed Homes 22 $219,068 129 days
Multi-Million Dollar Homes 32 $2,440,648 335 days
Newly Built Homes 372 $545,696 128 days
Homes with a Pool 66 $540,076 41 days
Reduced Price Homes 32 $522,684 40 days
RE/MAX Edge
Chad Ingram
120 S. Lynnhaven Rd, Ste 204
Virginia Beach, VA 23452
757-226-9007

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REIN update its listing on a daily basis. data last updated: December 1, 2022

Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings, user is advised to verify the accuracy of the listing information before making any financial decisions.

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