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Chesapeake Market Report

$362,511

AVERAGE PRICE OF 1,852 HOMES

$214,509

AVERAGE PRICE OF 67 DISTRESSED HOMES

$2,134,085

AVERAGE PRICE OF 23 MULTI-MILLION DOLLAR HOMES

$401,066

AVERAGE PRICE OF 624 NEWLY BUILT HOMES

$490,939

AVERAGE PRICE OF 115 HOMES WITH A POOL

$336,193

AVERAGE PRICE OF 29 REDUCED PRICE HOMES

Average Home

Average Price $362,511
Avg Bedrooms 3.44 beds
Avg Bathrooms 2.14 baths

Average Price by Bedrooms

1 bedroom $87,450
2 bedrooms $190,260
3 bedrooms $260,602
4 bedrooms $386,750
5 bedrooms $495,540
Chesapeake Home Price Trends
  5/2020 4/2020 3/2020 2/2020 1/2020
Total Listings 1,828 1,837 1,776 1,669 1,590
Average Price $363,929 $365,596 $364,654 $363,477 $364,104
Avg Price Change -0.46% +0.26% +0.32% -0.17% +0.55%
Median Price $339,006 $341,657 $338,296 $330,996 $330,896
Med Price Change -0.78% +0.99% +2.21% +0.03% +0.91%
Avg Bedrooms 3.42 beds 3.42 beds 3.41 beds 3.38 beds 3.39 beds
Avg Bathrooms 2.13 baths 2.13 baths 2.14 baths 2.11 baths 2.13 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Grassfield 369 $404,991 110 days
Hickory 229 $494,744 120 days
Indian River 247 $280,751 61 days
Oscar Smith 282 $272,094 108 days
Western Branch 320 $337,074 121 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,852 $362,511 104 days
Distressed Homes 67 $214,509 141 days
Multi-Million Dollar Homes 23 $2,134,085 370 days
Newly Built Homes 624 $401,066 129 days
Homes with a Pool 115 $490,939 51 days
Reduced Price Homes 29 $336,193 90 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.

Featured real estate company is not a mortgage lender and so you should contact Atlantic Bay Mortgage Group, L.L.C. directly to learn about its products and your eligibility for such products. The featured lender has an affiliated business relationship with the featured real estate agent. You are under no obligation to use the featured lender for financing. All loans subject to income verification, credit approval and property appraisal. Not a commitment to lend. Atlantic Bay Mortgage Group, L.L.C. NMLS #72043 (nmlsconsumeraccess.org) is an Equal Opportunity Lender. Located at 600 Lynnhaven Parkway Suite 203 Virginia Beach, VA 23452.
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REIN update its listing on a daily basis. data last updated: June 7, 2020

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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