Chesapeake Market Report
$352,287
AVERAGE PRICE OF 2,251 HOMES$200,704
AVERAGE PRICE OF 103 DISTRESSED HOMES$1,879,020
AVERAGE PRICE OF 25 MULTI-MILLION DOLLAR HOMES$401,035
AVERAGE PRICE OF 694 NEWLY BUILT HOMES$471,081
AVERAGE PRICE OF 163 HOMES WITH A POOL$342,008
AVERAGE PRICE OF 67 REDUCED PRICE HOMESAverage Home
| Average Price | $352,287 |
| Avg Bedrooms | 3.51 beds |
| Avg Bathrooms | 2.17 baths |
Average Price by Bedrooms
| 1 bedroom | $115,000 |
| 2 bedrooms | $168,595 |
| 3 bedrooms | $252,468 |
| 4 bedrooms | $366,498 |
| 5 bedrooms | $455,213 |
Chesapeake Home Price Trends
| 5/2019 | 4/2019 | 3/2019 | 2/2019 | 1/2019 | |
|---|---|---|---|---|---|
| Total Listings | 2,211 | 2,068 | 1,911 | 1,829 | 1,778 |
| Average Price | $357,963 | $355,343 | $350,425 | $346,307 | $345,567 |
| Avg Price Change | +0.74% | +1.40% | +1.19% | +0.21% | +1.19% |
| Median Price | $339,231 | $337,184 | $331,741 | $325,568 | $324,820 |
| Med Price Change | +0.61% | +1.64% | +1.90% | +0.23% | +2.81% |
| Avg Bedrooms | 3.52 beds | 3.5 beds | 3.46 beds | 3.43 beds | 3.44 beds |
| Avg Bathrooms | 2.18 baths | 2.17 baths | 2.15 baths | 2.14 baths | 2.13 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Grassfield | 415 | $392,291 | 105 days |
| Hickory | 277 | $480,118 | 96 days |
| Indian River | 292 | $284,656 | 61 days |
| Oscar Smith | 374 | $283,826 | 95 days |
| Western Branch | 363 | $318,641 | 85 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 2,251 | $352,287 | 90 days |
| Distressed Homes | 103 | $200,704 | 116 days |
| Multi-Million Dollar Homes | 25 | $1,879,020 | 229 days |
| Newly Built Homes | 694 | $401,035 | 107 days |
| Homes with a Pool | 163 | $471,081 | 62 days |
| Reduced Price Homes | 67 | $342,008 | 42 days |
