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  • Andy Hubba
    757-515-3028

    Chesapeake Market Report

    $363,253

    AVERAGE PRICE OF 2,518 HOMES

    $353,702

    AVERAGE PRICE OF 623 REDUCED PRICE HOMES

    $186,774

    AVERAGE PRICE OF 173 DISTRESSED HOMES

    $2,528,014

    AVERAGE PRICE OF 21 MULTI-MILLION DOLLAR HOMES

    $379,994

    AVERAGE PRICE OF 847 NEWLY BUILT HOMES

    $342,844

    AVERAGE PRICE OF 560 HOMES WITH A POOL

    Average Home

    Average Price $363,253
    Avg Bedrooms 3.5 beds
    Avg Bathrooms 2.93 baths

    Average Price by Bedrooms

    1 bedroom $111,183
    2 bedrooms $162,027
    3 bedrooms $231,939
    4 bedrooms $361,285
    5 bedrooms $445,448
    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 380 $402,840 n/a
    Great Bridge 301 $371,179 n/a
    Indian River 388 $290,419 n/a
    Oscar Smith 496 $276,608 n/a
    Western Branch 389 $294,362 n/a
    Home Price by House Size
    Total Homes Average Price Avg Days on Market
    All Homes 2,518 $363,253 13 days
    Reduced Price Homes 623 $353,702 13 days
    Distressed Homes 173 $186,774 n/a
    Multi-Million Dollar Homes 21 $2,528,014 n/a
    Newly Built Homes 847 $379,994 n/a
    Homes with a Pool 560 $342,844 n/a