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  • Chesapeake Market Report

    $362,937

    AVERAGE PRICE OF 2,522 HOMES

    $352,905

    AVERAGE PRICE OF 620 REDUCED PRICE HOMES

    $187,452

    AVERAGE PRICE OF 175 DISTRESSED HOMES

    $2,594,464

    AVERAGE PRICE OF 20 MULTI-MILLION DOLLAR HOMES

    $379,932

    AVERAGE PRICE OF 849 NEWLY BUILT HOMES

    $339,055

    AVERAGE PRICE OF 567 HOMES WITH A POOL

    Average Home

    Average Price $362,937
    Avg Bedrooms 3.5 beds
    Avg Bathrooms 2.93 baths

    Average Price by Bedrooms

    1 bedroom $106,533
    2 bedrooms $162,191
    3 bedrooms $232,298
    4 bedrooms $360,043
    5 bedrooms $445,799
    Chesapeake Home Price Trends
      5/2017 4/2017 3/2017 2/2017 1/2017
    Total Listings 2,554 2,462 2,242 2,125 2,026
    Average Price $335,602 $331,482 $331,806 $326,276 $323,026
    Avg Price Change +1.24% -0.10% +1.69% +1.01% +1.16%
    Median Price $324,736 $315,937 $310,071 $299,235 $292,022
    Med Price Change +2.79% +1.89% +3.62% +2.47% -1.93%
    Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
    Avg Bathrooms 2.36 baths 2.34 baths 2.34 baths 2.31 baths 2.3 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Market
    Grassfield 377 $402,989 n/a
    Great Bridge 300 $369,459 n/a
    Indian River 386 $288,089 n/a
    Oscar Smith 502 $275,287 n/a
    Western Branch 391 $294,918 n/a
    Home Price by House Size
    Total Homes Average Price Avg Days on Market
    All Homes 2,522 $362,937 10 days
    Reduced Price Homes 620 $352,905 10 days
    Distressed Homes 175 $187,452 n/a
    Multi-Million Dollar Homes 20 $2,594,464 n/a
    Newly Built Homes 849 $379,932 n/a
    Homes with a Pool 567 $339,055 n/a