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  • Andy Hubba
    757-515-3028

    Chesapeake Market Report

    $342,723

    AVERAGE PRICE OF 2,346 HOMES

    $198,180

    AVERAGE PRICE OF 208 DISTRESSED HOMES

    $2,648,494

    AVERAGE PRICE OF 19 MULTI-MILLION DOLLAR HOMES

    $387,601

    AVERAGE PRICE OF 808 NEWLY BUILT HOMES

    $339,657

    AVERAGE PRICE OF 495 HOMES WITH A POOL

    $299,226

    AVERAGE PRICE OF 644 REDUCED PRICE HOMES

    Average Home

    Average Price $342,723
    Avg Bedrooms 3 beds
    Avg Bathrooms 2.18 baths

    Average Price by Bedrooms

    1 bedroom $110,980
    2 bedrooms $160,151
    3 bedrooms $292,356
    4 bedrooms $357,789
    5 bedrooms $443,882
    Chesapeake Home Price Trends
      9/2017 8/2017 7/2017 6/2017 5/2017
    Total Listings 2,391 2,473 2,500 2,514 2,554
    Average Price $332,916 $414,104 $430,193 $384,306 $335,602
    Avg Price Change -24.39% -3.89% +11.94% +14.51% +1.24%
    Median Price $321,350 $409,663 $424,841 $378,759 $324,736
    Med Price Change -27.48% -3.70% +12.17% +16.64% +2.79%
    Avg Bedrooms 3 beds 4.23 beds 4.4 beds 3.75 beds 3 beds
    Avg Bathrooms 2.35 baths 3.45 baths 3.61 baths 3.12 baths 2.36 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Market
    Deep Creek 277 $301,733 n/a
    Grassfield 365 $402,608 n/a
    Indian River 344 $292,318 n/a
    Oscar Smith 486 $275,830 n/a
    Western Branch 408 $295,581 n/a
    Home Price by House Size
    Total Homes Average Price Avg Days on Market
    All Homes 2,346 $342,723 4 days
    Distressed Homes 208 $198,180 n/a
    Multi-Million Dollar Homes 19 $2,648,494 n/a
    Newly Built Homes 808 $387,601 n/a
    Homes with a Pool 495 $339,657 n/a
    Reduced Price Homes 644 $299,226 n/a