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  • Chesapeake Market Report

    $367,822

    AVERAGE PRICE OF 1,711 HOMES

    $220,667

    AVERAGE PRICE OF 48 DISTRESSED HOMES

    $2,056,382

    AVERAGE PRICE OF 26 MULTI-MILLION DOLLAR HOMES

    $404,596

    AVERAGE PRICE OF 598 NEWLY BUILT HOMES

    $489,867

    AVERAGE PRICE OF 113 HOMES WITH A POOL

    $364,128

    AVERAGE PRICE OF 20 REDUCED PRICE HOMES

    Average Home

    Average Price $367,822
    Avg Bedrooms 3.38 beds
    Avg Bathrooms 2.13 baths

    Average Price by Bedrooms

    1 bedroom $142,500
    2 bedrooms $195,446
    3 bedrooms $270,788
    4 bedrooms $392,272
    5 bedrooms $503,047
    Chesapeake Home Price Trends
      7/2020 6/2020 5/2020 4/2020 3/2020
    Total Listings 1,765 1,838 1,828 1,837 1,776
    Average Price $367,869 $365,660 $363,929 $365,596 $364,654
    Avg Price Change +0.60% +0.48% -0.46% +0.26% +0.32%
    Median Price $342,935 $341,430 $339,006 $341,657 $338,296
    Med Price Change +0.44% +0.72% -0.78% +0.99% +2.21%
    Avg Bedrooms 3.43 beds 3.45 beds 3.42 beds 3.42 beds 3.41 beds
    Avg Bathrooms 2.15 baths 2.15 baths 2.13 baths 2.13 baths 2.14 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Site
    Grassfield 318 $410,978 107 days
    Hickory 254 $486,854 113 days
    Indian River 258 $285,321 58 days
    Oscar Smith 254 $281,537 106 days
    Western Branch 272 $333,055 124 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 1,711 $367,822 103 days
    Distressed Homes 48 $220,667 186 days
    Multi-Million Dollar Homes 26 $2,056,382 394 days
    Newly Built Homes 598 $404,596 129 days
    Homes with a Pool 113 $489,867 50 days
    Reduced Price Homes 20 $364,128 30 days