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  • Chesapeake Market Report

    $437,604

    AVERAGE PRICE OF 2,502 HOMES

    $430,638

    AVERAGE PRICE OF 646 REDUCED PRICE HOMES

    $192,634

    AVERAGE PRICE OF 181 DISTRESSED HOMES

    $2,659,021

    AVERAGE PRICE OF 19 MULTI-MILLION DOLLAR HOMES

    $380,758

    AVERAGE PRICE OF 844 NEWLY BUILT HOMES

    $340,127

    AVERAGE PRICE OF 540 HOMES WITH A POOL

    Average Home

    Average Price $437,604
    Avg Bedrooms 4.5 beds
    Avg Bathrooms 3.68 baths

    Average Price by Bedrooms

    1 bedroom $124,140
    2 bedrooms $160,001
    3 bedrooms $237,817
    4 bedrooms $355,058
    5 bedrooms $447,198
    Chesapeake Home Price Trends
      6/2017 5/2017 4/2017 3/2017 2/2017
    Total Listings 2,514 2,554 2,462 2,242 2,125
    Average Price $384,306 $335,602 $331,482 $331,806 $326,276
    Avg Price Change +14.51% +1.24% -0.10% +1.69% +1.01%
    Median Price $378,759 $324,736 $315,937 $310,071 $299,235
    Med Price Change +16.64% +2.79% +1.89% +3.62% +2.47%
    Avg Bedrooms 3.75 beds 3 beds 3 beds 3 beds 3 beds
    Avg Bathrooms 3.12 baths 2.36 baths 2.34 baths 2.34 baths 2.31 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Market
    Grassfield 363 $403,811 n/a
    Great Bridge 284 $371,447 n/a
    Indian River 386 $288,363 n/a
    Oscar Smith 498 $276,114 n/a
    Western Branch 402 $287,796 n/a
    Home Price by House Size
    Total Homes Average Price Avg Days on Market
    All Homes 2,502 $437,604 41 days
    Reduced Price Homes 646 $430,638 41 days
    Distressed Homes 181 $192,634 n/a
    Multi-Million Dollar Homes 19 $2,659,021 n/a
    Newly Built Homes 844 $380,758 n/a
    Homes with a Pool 540 $340,127 n/a