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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

$519,569

AVERAGE PRICE OF 1,076 HOMES

$389,166

AVERAGE PRICE OF 6 DISTRESSED HOMES

$1,844,492

AVERAGE PRICE OF 39 MULTI-MILLION DOLLAR HOMES

$597,131

AVERAGE PRICE OF 337 NEWLY BUILT HOMES

$761,813

AVERAGE PRICE OF 77 HOMES WITH A POOL

$425,193

AVERAGE PRICE OF 35 REDUCED PRICE HOMES

Average Home

Average Price $519,569
Avg Bedrooms 3.39 beds
Avg Bathrooms 2.18 baths

Average Price by Bedrooms

1 bedroom $207,749
2 bedrooms $248,040
3 bedrooms $354,217
4 bedrooms $560,122
5 bedrooms $699,770
Chesapeake Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 1,061 994 930 895 872
Average Price $513,397 $512,600 $510,312 $506,263 $504,202
Avg Price Change +0.16% +0.45% +0.80% +0.41% +2.14%
Median Price $471,203 $469,388 $454,541 $438,751 $428,741
Med Price Change +0.39% +3.27% +3.60% +2.33% +0.74%
Avg Bedrooms 3.36 beds 3.36 beds 3.34 beds 3.32 beds 3.32 beds
Avg Bathrooms 2.14 baths 2.13 baths 2.12 baths 2.12 baths 2.12 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Oscar Smith 240 $444,560 65 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,076 $519,569 100 days
Distressed Homes 6 $389,166 65 days
Multi-Million Dollar Homes 39 $1,844,492 320 days
Newly Built Homes 337 $597,131 102 days
Homes with a Pool 77 $761,813 40 days
Reduced Price Homes 35 $425,193 38 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: June 20, 2024

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