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 HOMESAverage 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 |
