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Chesapeake Market Report

$352,472

AVERAGE PRICE OF 2,255 HOMES

$200,704

AVERAGE PRICE OF 103 DISTRESSED HOMES

$1,879,020

AVERAGE PRICE OF 25 MULTI-MILLION DOLLAR HOMES

$400,320

AVERAGE PRICE OF 701 NEWLY BUILT HOMES

$469,334

AVERAGE PRICE OF 165 HOMES WITH A POOL

$345,591

AVERAGE PRICE OF 70 REDUCED PRICE HOMES

Average Home

Average Price $352,472
Avg Bedrooms 3.51 beds
Avg Bathrooms 2.17 baths

Average Price by Bedrooms

1 bedroom $115,000
2 bedrooms $168,959
3 bedrooms $253,106
4 bedrooms $367,232
5 bedrooms $455,017
Chesapeake Home Price Trends
  5/2019 4/2019 3/2019 2/2019 1/2019
Total Listings 2,211 2,068 1,911 1,829 1,778
Average Price $357,963 $355,343 $350,425 $346,307 $345,567
Avg Price Change +0.74% +1.40% +1.19% +0.21% +1.19%
Median Price $339,231 $337,184 $331,741 $325,568 $324,820
Med Price Change +0.61% +1.64% +1.90% +0.23% +2.81%
Avg Bedrooms 3.52 beds 3.5 beds 3.46 beds 3.43 beds 3.44 beds
Avg Bathrooms 2.18 baths 2.17 baths 2.15 baths 2.14 baths 2.13 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Grassfield 416 $392,094 106 days
Hickory 280 $478,586 95 days
Indian River 293 $284,982 61 days
Oscar Smith 371 $284,315 96 days
Western Branch 367 $318,778 85 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 2,255 $352,472 90 days
Distressed Homes 103 $200,704 117 days
Multi-Million Dollar Homes 25 $1,879,020 229 days
Newly Built Homes 701 $400,320 107 days
Homes with a Pool 165 $469,334 61 days
Reduced Price Homes 70 $345,591 44 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: June 19, 2019

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