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Chesapeake

Why you'd want to live in Chesapeake

We don't want to toot our own horn, but Chesapeake has a lot to brag about! Although surrounded by various well-known cities within the Coastal Virginia area, Chesapeake stands out in many unique areas. Did you know? Chesapeake is consistently ranked by the FBI as one of the five safest cities of its size in the country. Coastal Virginia is ranked one of the top six regions in America for recreation. Chesapeake is ranked as one of the six best places to live by MONEY Magazine (for cities with 100,000+ population in the East). Chesapeake consists of more than 353 square miles of land area, which makes us the 11th largest city in the U.S. Chesapeake contains more miles of deepwater canals than any other city in the country. via virginia.org

Chesapeake Market Report

$509,495

AVERAGE PRICE OF 1,086 HOMES

$288,655

AVERAGE PRICE OF 9 DISTRESSED HOMES

$1,886,485

AVERAGE PRICE OF 31 MULTI-MILLION DOLLAR HOMES

$606,446

AVERAGE PRICE OF 306 NEWLY BUILT HOMES

$768,055

AVERAGE PRICE OF 85 HOMES WITH A POOL

$443,818

AVERAGE PRICE OF 33 REDUCED PRICE HOMES

Average Home

Average Price $509,495
Avg Bedrooms 3.39 beds
Avg Bathrooms 2.15 baths

Average Price by Bedrooms

1 bedroom $184,900
2 bedrooms $256,084
3 bedrooms $366,362
4 bedrooms $557,811
5 bedrooms $703,545
Chesapeake Home Price Trends
  8/2024 7/2024 6/2024 5/2024 4/2024
Total Listings 1,106 1,108 1,101 1,061 994
Average Price $517,218 $518,997 $515,570 $513,397 $512,600
Avg Price Change -0.34% +0.66% +0.42% +0.16% +0.45%
Median Price $475,086 $475,094 $465,543 $471,203 $469,388
Med Price Change 0.00% +2.05% -1.22% +0.39% +3.27%
Avg Bedrooms 3.42 beds 3.4 beds 3.38 beds 3.36 beds 3.36 beds
Avg Bathrooms 2.19 baths 2.19 baths 2.17 baths 2.14 baths 2.13 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Western Branch 208 $424,714 119 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,086 $509,495 106 days
Distressed Homes 9 $288,655 67 days
Multi-Million Dollar Homes 31 $1,886,485 356 days
Newly Built Homes 306 $606,446 123 days
Homes with a Pool 85 $768,055 40 days
Reduced Price Homes 33 $443,818 40 days
Anna Paduhovich Team
911 First Colonial Rd Suite 201
Virginia Beach, VA 23454
757-563-3448
Keller Williams Coastal Virginia
1100 Volvo Parkway, Suite 200
Chesapeake, VA 23320

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REIN update its listing on a daily basis. data last updated: September 17, 2024

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