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Chesapeake Market Report

$408,330

AVERAGE PRICE OF 1,394 HOMES

$212,400

AVERAGE PRICE OF 17 DISTRESSED HOMES

$2,569,651

AVERAGE PRICE OF 22 MULTI-MILLION DOLLAR HOMES

$458,385

AVERAGE PRICE OF 499 NEWLY BUILT HOMES

$500,110

AVERAGE PRICE OF 92 HOMES WITH A POOL

$333,133

AVERAGE PRICE OF 12 REDUCED PRICE HOMES

Average Home

Average Price $408,330
Avg Bedrooms 3.36 beds
Avg Bathrooms 2.08 baths

Average Price by Bedrooms

1 bedroom $60,000
2 bedrooms $202,363
3 bedrooms $301,089
4 bedrooms $421,125
5 bedrooms $535,445
Chesapeake Home Price Trends
  3/2021 2/2021 1/2021 12/2020 11/2020
Total Listings 1,309 n/a 1,215 1,326 1,469
Average Price $405,921 n/a $382,544 $385,365 $381,087
Avg Price Change n/a n/a -0.74% +1.12% +1.03%
Median Price $361,277 n/a $348,536 $349,991 $347,296
Med Price Change n/a n/a -0.42% +0.78% +0.78%
Avg Bedrooms 3.34 beds n/a 3.28 beds 3.27 beds 3.3 beds
Avg Bathrooms 2.09 baths n/a 2.06 baths 2.06 baths 2.07 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Grassfield 258 $498,970 120 days
Hickory 203 $551,906 116 days
Indian River 204 $293,449 62 days
Oscar Smith 231 $284,067 82 days
Western Branch 194 $379,273 98 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,394 $408,330 97 days
Distressed Homes 17 $212,400 228 days
Multi-Million Dollar Homes 22 $2,569,651 396 days
Newly Built Homes 499 $458,385 122 days
Homes with a Pool 92 $500,110 37 days
Reduced Price Homes 12 $333,133 210 days
Broadsight Realty & Property Management
Bo Schrott Broker/Owner
313 Laskin Rd Suite, 102
Virginia Beach, VA 23451
757-367-5932
757-478-3020

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REIN update its listing on a daily basis. data last updated: April 16, 2021

Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings, user is advised to verify the accuracy of the listing information before making any financial decisions.

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