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  • Chesapeake

    Why you'd want to live in Chesapeake

    Chesapeake is a diverse city in which a few urban areas are located; it also has many square miles of protected farmland, forests, and wetlands, including a substantial portion of the Great Dismal Swamp National Wildlife Refuge. Extending from the rural border with North Carolina to the harbor area of Hampton Roads adjacent to the cities of Norfolk, Portsmouth, Suffolk, and Virginia Beach, Chesapeake is located on the Atlantic Intracoastal Waterway. It has miles of waterfront industrial, commercial and residential property.

    Chesapeake Market Report

    $517,535

    AVERAGE PRICE OF 1,184 HOMES

    $299,304

    AVERAGE PRICE OF 24 DISTRESSED HOMES

    $1,725,575

    AVERAGE PRICE OF 30 MULTI-MILLION DOLLAR HOMES

    $651,784

    AVERAGE PRICE OF 337 NEWLY BUILT HOMES

    $701,191

    AVERAGE PRICE OF 81 HOMES WITH A POOL

    $576,929

    AVERAGE PRICE OF 41 REDUCED PRICE HOMES

    Average Home

    Average Price $517,535
    Avg Bedrooms 3.47 beds
    Avg Bathrooms 2.23 baths

    Average Price by Bedrooms

    1 bedroom $149,900
    2 bedrooms $269,504
    3 bedrooms $378,018
    4 bedrooms $567,337
    5 bedrooms $696,306
    Chesapeake Home Price Trends
      3/2025 2/2025 1/2025 12/2024 11/2024
    Total Listings 1,014 979 891 928 1,003
    Average Price $513,317 $507,966 $509,171 $509,187 $514,014
    Avg Price Change +1.05% -0.24% 0.00% -0.95% -0.08%
    Median Price $473,159 $465,021 $463,772 $465,541 $474,105
    Med Price Change +1.75% +0.27% -0.38% -1.84% +0.91%
    Avg Bedrooms 3.37 beds 3.36 beds 3.39 beds 3.35 beds 3.37 beds
    Avg Bathrooms 2.18 baths 2.17 baths 2.18 baths 2.15 baths 2.15 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Site
    Western Branch 222 $451,002 80 days
    Total Homes Average Price Avg Days on Site
    All Homes 1,184 $517,535 99 days
    Distressed Homes 24 $299,304 80 days
    Multi-Million Dollar Homes 30 $1,725,575 439 days
    Newly Built Homes 337 $651,784 130 days
    Homes with a Pool 81 $701,191 37 days
    Reduced Price Homes 41 $576,929 52 days