• Andy Hubba
    757-515-3028

    Chesapeake Market Report

    $332,010

    AVERAGE PRICE OF 2,340 HOMES

    $188,254

    AVERAGE PRICE OF 221 DISTRESSED HOMES

    $3,067,806

    AVERAGE PRICE OF 16 MULTI-MILLION DOLLAR HOMES

    $377,686

    AVERAGE PRICE OF 825 NEWLY BUILT HOMES

    $337,549

    AVERAGE PRICE OF 502 HOMES WITH A POOL

    $281,711

    AVERAGE PRICE OF 475 REDUCED PRICE HOMES

    Average Home

    Average Price $332,010
    Avg Bedrooms 3 beds
    Avg Bathrooms 2.35 baths

    Average Price by Bedrooms

    1 bedroom $112,200
    2 bedrooms $157,625
    3 bedrooms $227,385
    4 bedrooms $350,492
    5 bedrooms $446,092
    Chesapeake Home Price Trends
      2/2017 1/2017 12/2016 11/2016 10/2016
    Total Listings 2,125 2,026 1,606 1,496 1,493
    Average Price $326,276 $323,026 $319,313 $306,431 $308,714
    Avg Price Change +1.01% +1.16% +4.20% -0.75% +0.40%
    Median Price $299,235 $292,022 $297,663 $300,493 $303,055
    Med Price Change +2.47% -1.93% -0.95% -0.85% +1.13%
    Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
    Avg Bathrooms 2.31 baths 2.3 baths 2.27 baths 2.22 baths 2.24 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Market
    Deep Creek 266 $286,787 n/a
    Grassfield 358 $410,200 n/a
    Indian River 350 $281,621 n/a
    Oscar Smith 453 $267,319 n/a
    Western Branch 373 $281,170 n/a
    Home Price by House Size
    Total Homes Average Price Avg Days on Market
    All Homes 2,340 $332,010 n/a
    Distressed Homes 221 $188,254 n/a
    Multi-Million Dollar Homes 16 $3,067,806 n/a
    Newly Built Homes 825 $377,686 n/a
    Homes with a Pool 502 $337,549 n/a
    Reduced Price Homes 475 $281,711 n/a