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Chesapeake

Why you'd want to live in Chesapeake

Because of its location and highway network, Chesapeake centrally located in Coastal Virginia. Virginia Beach and Norfolk are less than 30 minutes from Chesapeake, and Williamsburg is less than an hour away. Chesapeake is also home to several stops along the Civil War Trail. The Great Dismal Swamp National Wildlife Refuge is nationally recognized as a stop on the Underground Railroad, and also boasts a thriving outdoor community with thousands of unspoiled acres for kayaking, birding, and fishing. If city life is more your speed, Chesapeake has that too. Enjoy a multitude of shopping opportunities, from antique hunting to mall cruising; or opt for fine dining and the freshest seafood in this foodie paradise via visitchesapeake.com

Chesapeake Market Report

$414,033

AVERAGE PRICE OF 1,390 HOMES

$281,743

AVERAGE PRICE OF 16 DISTRESSED HOMES

$2,491,057

AVERAGE PRICE OF 23 MULTI-MILLION DOLLAR HOMES

$494,920

AVERAGE PRICE OF 425 NEWLY BUILT HOMES

$524,300

AVERAGE PRICE OF 73 HOMES WITH A POOL

$388,135

AVERAGE PRICE OF 34 REDUCED PRICE HOMES

Average Home

Average Price $414,033
Avg Bedrooms 3.25 beds
Avg Bathrooms 2.02 baths

Average Price by Bedrooms

2 bedrooms $208,806
3 bedrooms $312,108
4 bedrooms $451,483
5 bedrooms $559,584
Chesapeake Home Price Trends
  9/2021 8/2021 7/2021 6/2021 5/2021
Total Listings 1,464 1,550 1,521 1,552 1,527
Average Price $410,220 $407,737 $411,135 $409,432 $410,326
Avg Price Change +0.61% -0.83% +0.42% -0.22% +0.48%
Median Price $362,748 $364,232 $366,296 $364,700 $366,633
Med Price Change -0.41% -0.57% +0.44% -0.53% +0.34%
Avg Bedrooms 3.3 beds 3.34 beds 3.39 beds 3.38 beds 3.36 beds
Avg Bathrooms 2.03 baths 2.06 baths 2.07 baths 2.08 baths 2.09 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Grassfield 265 $532,520 145 days
Hickory 191 $545,784 121 days
Indian River 214 $343,156 49 days
Oscar Smith 217 $287,447 70 days
Western Branch 244 $369,294 92 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,390 $414,033 101 days
Distressed Homes 16 $281,743 132 days
Multi-Million Dollar Homes 23 $2,491,057 512 days
Newly Built Homes 425 $494,920 138 days
Homes with a Pool 73 $524,300 33 days
Reduced Price Homes 34 $388,135 43 days
Iron Valley Real Estate Hampton Roads - Realty Fever Group
Edgar Munoz
200 Bendix Road, Ste. 270
Virginia Beach, VA 23452
757-774-3473

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REIN update its listing on a daily basis. data last updated: October 25, 2021

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