Chesapeake Market Report
$507,751
AVERAGE PRICE OF 978 HOMES$280,723
AVERAGE PRICE OF 17 DISTRESSED HOMES$1,720,605
AVERAGE PRICE OF 27 MULTI-MILLION DOLLAR HOMES$643,640
AVERAGE PRICE OF 338 NEWLY BUILT HOMES$724,733
AVERAGE PRICE OF 46 HOMES WITH A POOL$489,575
AVERAGE PRICE OF 20 REDUCED PRICE HOMESAverage Home
| Average Price | $507,751 |
| Avg Bedrooms | 3.35 beds |
| Avg Bathrooms | 2.16 baths |
Average Price by Bedrooms
| 1 bedroom | $157,450 |
| 2 bedrooms | $282,309 |
| 3 bedrooms | $362,771 |
| 4 bedrooms | $565,545 |
| 5 bedrooms | $690,081 |
Chesapeake Home Price Trends
| 1/2025 | 12/2024 | 11/2024 | 10/2024 | 9/2024 | |
|---|---|---|---|---|---|
| Total Listings | 891 | 928 | 1,003 | 1,040 | 1,080 |
| Average Price | $509,171 | $509,187 | $514,014 | $514,402 | $510,760 |
| Avg Price Change | 0.00% | -0.95% | -0.08% | +0.71% | -1.26% |
| Median Price | $463,772 | $465,541 | $474,105 | $469,850 | $467,179 |
| Med Price Change | -0.38% | -1.84% | +0.91% | +0.57% | -1.69% |
| Avg Bedrooms | 3.39 beds | 3.35 beds | 3.37 beds | 3.41 beds | 3.41 beds |
| Avg Bathrooms | 2.18 baths | 2.15 baths | 2.15 baths | 2.16 baths | 2.16 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Western Branch | 184 | $420,777 | 102 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 978 | $507,751 | 111 days |
| Distressed Homes | 17 | $280,723 | 77 days |
| Multi-Million Dollar Homes | 27 | $1,720,605 | 467 days |
| Newly Built Homes | 338 | $643,640 | 109 days |
| Homes with a Pool | 46 | $724,733 | 61 days |
| Reduced Price Homes | 20 | $489,575 | 45 days |
