Chesapeake Market Report
$412,192
AVERAGE PRICE OF 1,426 HOMES$257,921
AVERAGE PRICE OF 14 DISTRESSED HOMES$2,491,057
AVERAGE PRICE OF 23 MULTI-MILLION DOLLAR HOMES$486,595
AVERAGE PRICE OF 451 NEWLY BUILT HOMES$509,490
AVERAGE PRICE OF 82 HOMES WITH A POOL$329,463
AVERAGE PRICE OF 22 REDUCED PRICE HOMESAverage Home
| Average Price | $412,192 |
| Avg Bedrooms | 3.29 beds |
| Avg Bathrooms | 2.02 baths |
Average Price by Bedrooms
| 1 bedroom | $142,450 |
| 2 bedrooms | $206,681 |
| 3 bedrooms | $305,617 |
| 4 bedrooms | $443,919 |
| 5 bedrooms | $549,382 |
Chesapeake Home Price Trends
| 8/2021 | 7/2021 | 6/2021 | 5/2021 | 4/2021 | |
|---|---|---|---|---|---|
| Total Listings | 1,550 | 1,521 | 1,552 | 1,527 | 1,403 |
| Average Price | $407,737 | $411,135 | $409,432 | $410,326 | $408,383 |
| Avg Price Change | -0.83% | +0.42% | -0.22% | +0.48% | +0.61% |
| Median Price | $364,232 | $366,296 | $364,700 | $366,633 | $365,373 |
| Med Price Change | -0.57% | +0.44% | -0.53% | +0.34% | +1.13% |
| Avg Bedrooms | 3.34 beds | 3.39 beds | 3.38 beds | 3.36 beds | 3.36 beds |
| Avg Bathrooms | 2.06 baths | 2.07 baths | 2.08 baths | 2.09 baths | 2.09 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Grassfield | 299 | $522,229 | 127 days |
| Hickory | 177 | $547,112 | 131 days |
| Indian River | 205 | $327,940 | 48 days |
| Oscar Smith | 220 | $281,061 | 64 days |
| Western Branch | 240 | $369,730 | 102 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,426 | $412,192 | 98 days |
| Distressed Homes | 14 | $257,921 | 173 days |
| Multi-Million Dollar Homes | 23 | $2,491,057 | 483 days |
| Newly Built Homes | 451 | $486,595 | 129 days |
| Homes with a Pool | 82 | $509,490 | 44 days |
| Reduced Price Homes | 22 | $329,463 | 36 days |
