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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

    $512,409

    AVERAGE PRICE OF 963 HOMES

    $257,391

    AVERAGE PRICE OF 17 DISTRESSED HOMES

    $1,914,326

    AVERAGE PRICE OF 28 MULTI-MILLION DOLLAR HOMES

    $628,672

    AVERAGE PRICE OF 320 NEWLY BUILT HOMES

    $735,526

    AVERAGE PRICE OF 57 HOMES WITH A POOL

    $453,403

    AVERAGE PRICE OF 29 REDUCED PRICE HOMES

    Average Home

    Average Price $512,409
    Avg Bedrooms 3.35 beds
    Avg Bathrooms 2.14 baths

    Average Price by Bedrooms

    1 bedroom $167,400
    2 bedrooms $282,268
    3 bedrooms $365,616
    4 bedrooms $568,002
    5 bedrooms $689,522
    Chesapeake Home Price Trends
      11/2024 10/2024 9/2024 8/2024 7/2024
    Total Listings 1,003 1,040 1,080 1,106 1,108
    Average Price $514,014 $514,402 $510,760 $517,218 $518,997
    Avg Price Change -0.08% +0.71% -1.26% -0.34% +0.66%
    Median Price $474,105 $469,850 $467,179 $475,086 $475,094
    Med Price Change +0.91% +0.57% -1.69% 0.00% +2.05%
    Avg Bedrooms 3.37 beds 3.41 beds 3.41 beds 3.42 beds 3.4 beds
    Avg Bathrooms 2.15 baths 2.16 baths 2.16 baths 2.19 baths 2.19 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Site
    Western Branch 180 $444,678 124 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 963 $512,409 118 days
    Distressed Homes 17 $257,391 49 days
    Multi-Million Dollar Homes 28 $1,914,326 428 days
    Newly Built Homes 320 $628,672 126 days
    Homes with a Pool 57 $735,526 49 days
    Reduced Price Homes 29 $453,403 53 days