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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

    $489,476

    AVERAGE PRICE OF 868 HOMES

    $288,799

    AVERAGE PRICE OF 18 DISTRESSED HOMES

    $1,894,673

    AVERAGE PRICE OF 26 MULTI-MILLION DOLLAR HOMES

    $592,857

    AVERAGE PRICE OF 272 NEWLY BUILT HOMES

    $636,854

    AVERAGE PRICE OF 40 HOMES WITH A POOL

    $444,129

    AVERAGE PRICE OF 32 REDUCED PRICE HOMES

    Average Home

    Average Price $489,476
    Avg Bedrooms 3.33 beds
    Avg Bathrooms 2.12 baths

    Average Price by Bedrooms

    1 bedroom $145,000
    2 bedrooms $253,046
    3 bedrooms $340,801
    4 bedrooms $522,607
    5 bedrooms $666,335
    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 $619,285 216 days
    Hickory 129 $724,904 151 days
    Indian River 115 $377,926 63 days
    Oscar Smith 202 $374,352 80 days
    Western Branch 144 $444,105 147 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 868 $489,476 127 days
    Distressed Homes 18 $288,799 60 days
    Multi-Million Dollar Homes 26 $1,894,673 390 days
    Newly Built Homes 272 $592,857 122 days
    Homes with a Pool 40 $636,854 42 days
    Reduced Price Homes 32 $444,129 48 days