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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

    $512,905

    AVERAGE PRICE OF 1,019 HOMES

    $324,280

    AVERAGE PRICE OF 10 DISTRESSED HOMES

    $1,927,560

    AVERAGE PRICE OF 35 MULTI-MILLION DOLLAR HOMES

    $596,589

    AVERAGE PRICE OF 326 NEWLY BUILT HOMES

    $726,324

    AVERAGE PRICE OF 80 HOMES WITH A POOL

    $460,989

    AVERAGE PRICE OF 19 REDUCED PRICE HOMES

    Average Home

    Average Price $512,905
    Avg Bedrooms 3.37 beds
    Avg Bathrooms 2.13 baths

    Average Price by Bedrooms

    2 bedrooms $263,226
    3 bedrooms $348,878
    4 bedrooms $549,889
    5 bedrooms $674,011
    Chesapeake Home Price Trends
      3/2024 2/2024 1/2024 12/2023 11/2023
    Total Listings 930 895 872 851 900
    Average Price $510,312 $506,263 $504,202 $493,642 $486,171
    Avg Price Change +0.80% +0.41% +2.14% +1.54% +1.07%
    Median Price $454,541 $438,751 $428,741 $425,585 $419,056
    Med Price Change +3.60% +2.33% +0.74% +1.56% +1.02%
    Avg Bedrooms 3.34 beds 3.32 beds 3.32 beds 3.33 beds 3.33 beds
    Avg Bathrooms 2.12 baths 2.12 baths 2.12 baths 2.13 baths 2.11 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Site
    Western Branch 207 $440,150 87 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 1,019 $512,905 101 days
    Distressed Homes 10 $324,280 55 days
    Multi-Million Dollar Homes 35 $1,927,560 323 days
    Newly Built Homes 326 $596,589 94 days
    Homes with a Pool 80 $726,324 34 days
    Reduced Price Homes 19 $460,989 24 days