Chesapeake Market Report
$362,735
AVERAGE PRICE OF 1,833 HOMES$217,247
AVERAGE PRICE OF 68 DISTRESSED HOMES$2,080,623
AVERAGE PRICE OF 24 MULTI-MILLION DOLLAR HOMES$400,999
AVERAGE PRICE OF 624 NEWLY BUILT HOMES$478,618
AVERAGE PRICE OF 112 HOMES WITH A POOL$318,642
AVERAGE PRICE OF 25 REDUCED PRICE HOMESAverage Home
| Average Price | $362,735 |
| Avg Bedrooms | 3.43 beds |
| Avg Bathrooms | 2.14 baths |
Average Price by Bedrooms
| 1 bedroom | $87,450 |
| 2 bedrooms | $188,126 |
| 3 bedrooms | $260,971 |
| 4 bedrooms | $385,663 |
| 5 bedrooms | $496,282 |
Chesapeake Home Price Trends
| 5/2020 | 4/2020 | 3/2020 | 2/2020 | 1/2020 | |
|---|---|---|---|---|---|
| Total Listings | 1,828 | 1,837 | 1,776 | 1,669 | 1,590 |
| Average Price | $363,929 | $365,596 | $364,654 | $363,477 | $364,104 |
| Avg Price Change | -0.46% | +0.26% | +0.32% | -0.17% | +0.55% |
| Median Price | $339,006 | $341,657 | $338,296 | $330,996 | $330,896 |
| Med Price Change | -0.78% | +0.99% | +2.21% | +0.03% | +0.91% |
| Avg Bedrooms | 3.42 beds | 3.42 beds | 3.41 beds | 3.38 beds | 3.39 beds |
| Avg Bathrooms | 2.13 baths | 2.13 baths | 2.14 baths | 2.11 baths | 2.13 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Grassfield | 380 | $404,076 | 109 days |
| Hickory | 227 | $495,550 | 125 days |
| Indian River | 244 | $281,053 | 61 days |
| Oscar Smith | 280 | $272,949 | 109 days |
| Western Branch | 314 | $337,905 | 121 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,833 | $362,735 | 105 days |
| Distressed Homes | 68 | $217,247 | 140 days |
| Multi-Million Dollar Homes | 24 | $2,080,623 | 380 days |
| Newly Built Homes | 624 | $400,999 | 129 days |
| Homes with a Pool | 112 | $478,618 | 50 days |
| Reduced Price Homes | 25 | $318,642 | 78 days |
