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Chesapeake Market Report

$357,469

AVERAGE PRICE OF 1,999 HOMES

$223,265

AVERAGE PRICE OF 112 DISTRESSED HOMES

$1,872,348

AVERAGE PRICE OF 27 MULTI-MILLION DOLLAR HOMES

$397,857

AVERAGE PRICE OF 669 NEWLY BUILT HOMES

$508,709

AVERAGE PRICE OF 137 HOMES WITH A POOL

$313,699

AVERAGE PRICE OF 47 REDUCED PRICE HOMES

Average Home

Average Price $357,469
Avg Bedrooms 3.43 beds
Avg Bathrooms 2.14 baths

Average Price by Bedrooms

1 bedroom $107,483
2 bedrooms $180,745
3 bedrooms $259,860
4 bedrooms $370,443
5 bedrooms $479,056
Chesapeake Home Price Trends
  8/2019 7/2019 6/2019 5/2019 4/2019
Total Listings 2,073 2,153 2,228 2,211 2,068
Average Price $355,994 $354,852 $353,372 $357,963 $355,343
Avg Price Change +0.32% +0.42% -1.30% +0.74% +1.40%
Median Price $330,577 $329,900 $336,067 $339,231 $337,184
Med Price Change +0.21% -1.87% -0.94% +0.61% +1.64%
Avg Bedrooms 3.42 beds 3.43 beds 3.5 beds 3.52 beds 3.5 beds
Avg Bathrooms 2.15 baths 2.14 baths 2.17 baths 2.18 baths 2.17 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Grassfield 354 $390,094 131 days
Hickory 298 $485,150 107 days
Indian River 271 $275,954 68 days
Oscar Smith 344 $297,759 102 days
Western Branch 313 $328,618 109 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,999 $357,469 104 days
Distressed Homes 112 $223,265 114 days
Multi-Million Dollar Homes 27 $1,872,348 267 days
Newly Built Homes 669 $397,857 123 days
Homes with a Pool 137 $508,709 77 days
Reduced Price Homes 47 $313,699 72 days
SEVEN CITY HOMES at Beach South Realty
Jason Sampson
5265 Providence Rd. Suite 202
Virginia Beach, VA 23464
757-390-7575
Mike Startare
600 Lynnhaven Parkway, Suite 100
Virginia Beach, VA, 23452
Work:757.498.6789 Ext:2614
Mobile:757.270.4647
Licensed in VA, NC.

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REIN update its listing on a daily basis. data last updated: September 22, 2019

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