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  • Andy Hubba
    757-515-3028

    Chesapeake Market Report

    $297,884

    AVERAGE PRICE OF 2,067 HOMES

    $235,066

    AVERAGE PRICE OF 583 REDUCED PRICE HOMES

    $189,506

    AVERAGE PRICE OF 210 DISTRESSED HOMES

    $2,554,462

    AVERAGE PRICE OF 16 MULTI-MILLION DOLLAR HOMES

    $390,529

    AVERAGE PRICE OF 763 NEWLY BUILT HOMES

    $348,035

    AVERAGE PRICE OF 389 HOMES WITH A POOL

    Average Home

    Average Price $297,884
    Avg Bedrooms 2.5 beds
    Avg Bathrooms 2.18 baths

    Average Price by Bedrooms

    1 bedroom $106,223
    2 bedrooms $163,265
    3 bedrooms $290,172
    4 bedrooms $355,579
    5 bedrooms $446,422
    Chesapeake Home Price Trends
      11/2017 10/2017 9/2017 8/2017 7/2017
    Total Listings 2,199 2,319 2,391 2,473 2,500
    Average Price $299,038 $268,473 $332,916 $414,104 $430,193
    Avg Price Change +11.38% -24.00% -24.39% -3.89% +11.94%
    Median Price $293,136 $262,368 $321,350 $409,663 $424,841
    Med Price Change +11.73% -22.48% -27.48% -3.70% +12.17%
    Avg Bedrooms 2.5 beds 2.15 beds 3 beds 4.23 beds 4.4 beds
    Avg Bathrooms 2.18 baths 1.63 baths 2.35 baths 3.45 baths 3.61 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Market
    Deep Creek 260 $303,404 n/a
    Grassfield 316 $417,193 n/a
    Indian River 286 $293,407 n/a
    Oscar Smith 422 $276,597 n/a
    Western Branch 377 $295,107 n/a
    Home Price by House Size
    Total Homes Average Price Avg Days on Market
    All Homes 2,067 $297,884 59 days
    Reduced Price Homes 583 $235,066 53 days
    Distressed Homes 210 $189,506 n/a
    Multi-Million Dollar Homes 16 $2,554,462 n/a
    Newly Built Homes 763 $390,529 n/a
    Homes with a Pool 389 $348,035 n/a