Chesapeake Market Report
$520,704
AVERAGE PRICE OF 1,189 HOMES$305,300
AVERAGE PRICE OF 23 DISTRESSED HOMES$1,699,492
AVERAGE PRICE OF 31 MULTI-MILLION DOLLAR HOMES$655,211
AVERAGE PRICE OF 339 NEWLY BUILT HOMES$723,033
AVERAGE PRICE OF 84 HOMES WITH A POOL$455,853
AVERAGE PRICE OF 42 REDUCED PRICE HOMESAverage Home
| Average Price | $520,704 |
| Avg Bedrooms | 3.47 beds |
| Avg Bathrooms | 2.23 baths |
Average Price by Bedrooms
| 1 bedroom | $172,450 |
| 2 bedrooms | $272,480 |
| 3 bedrooms | $383,394 |
| 4 bedrooms | $567,140 |
| 5 bedrooms | $694,027 |
Chesapeake Home Price Trends
| 4/2025 | 3/2025 | 2/2025 | 1/2025 | 12/2024 | |
|---|---|---|---|---|---|
| Total Listings | 1,138 | 1,014 | 979 | 891 | 928 |
| Average Price | $515,093 | $513,317 | $507,966 | $509,171 | $509,187 |
| Avg Price Change | +0.35% | +1.05% | -0.24% | 0.00% | -0.95% |
| Median Price | $478,316 | $473,159 | $465,021 | $463,772 | $465,541 |
| Med Price Change | +1.09% | +1.75% | +0.27% | -0.38% | -1.84% |
| Avg Bedrooms | 3.43 beds | 3.37 beds | 3.36 beds | 3.39 beds | 3.35 beds |
| Avg Bathrooms | 2.21 baths | 2.18 baths | 2.17 baths | 2.18 baths | 2.15 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Western Branch | 216 | $464,915 | 83 days |
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,189 | $520,704 | 97 days |
| Distressed Homes | 23 | $305,300 | 66 days |
| Multi-Million Dollar Homes | 31 | $1,699,492 | 434 days |
| Newly Built Homes | 339 | $655,211 | 126 days |
| Homes with a Pool | 84 | $723,033 | 36 days |
| Reduced Price Homes | 42 | $455,853 | 36 days |
