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  • Chesapeake Market Report

    $298,230

    AVERAGE PRICE OF 2,194 HOMES

    $233,489

    AVERAGE PRICE OF 635 REDUCED PRICE HOMES

    $193,745

    AVERAGE PRICE OF 194 DISTRESSED HOMES

    $2,574,788

    AVERAGE PRICE OF 17 MULTI-MILLION DOLLAR HOMES

    $389,096

    AVERAGE PRICE OF 787 NEWLY BUILT HOMES

    $342,793

    AVERAGE PRICE OF 438 HOMES WITH A POOL

    Average Home

    Average Price $298,230
    Avg Bedrooms 2.5 beds
    Avg Bathrooms 2.18 baths

    Average Price by Bedrooms

    1 bedroom $111,225
    2 bedrooms $166,628
    3 bedrooms $292,306
    4 bedrooms $355,151
    5 bedrooms $446,636
    Chesapeake Home Price Trends
      10/2017 9/2017 8/2017 7/2017 6/2017
    Total Listings 2,319 2,391 2,473 2,500 2,514
    Average Price $268,473 $332,916 $414,104 $430,193 $384,306
    Avg Price Change -24.00% -24.39% -3.89% +11.94% +14.51%
    Median Price $262,368 $321,350 $409,663 $424,841 $378,759
    Med Price Change -22.48% -27.48% -3.70% +12.17% +16.64%
    Avg Bedrooms 2.15 beds 3 beds 4.23 beds 4.4 beds 3.75 beds
    Avg Bathrooms 1.63 baths 2.35 baths 3.45 baths 3.61 baths 3.12 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Market
    Deep Creek 266 $302,542 n/a
    Grassfield 340 $409,629 n/a
    Indian River 316 $297,296 n/a
    Oscar Smith 449 $279,077 n/a
    Western Branch 389 $295,167 n/a
    Home Price by House Size
    Total Homes Average Price Avg Days on Market
    All Homes 2,194 $298,230 33 days
    Reduced Price Homes 635 $233,489 27 days
    Distressed Homes 194 $193,745 n/a
    Multi-Million Dollar Homes 17 $2,574,788 n/a
    Newly Built Homes 787 $389,096 n/a
    Homes with a Pool 438 $342,793 n/a