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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

$476,004

AVERAGE PRICE OF 1,202 HOMES

$265,794

AVERAGE PRICE OF 19 DISTRESSED HOMES

$2,531,279

AVERAGE PRICE OF 31 MULTI-MILLION DOLLAR HOMES

$545,876

AVERAGE PRICE OF 390 NEWLY BUILT HOMES

$557,700

AVERAGE PRICE OF 73 HOMES WITH A POOL

$394,442

AVERAGE PRICE OF 52 REDUCED PRICE HOMES

Average Home

Average Price $476,004
Avg Bedrooms 3.32 beds
Avg Bathrooms 2.07 baths

Average Price by Bedrooms

1 bedroom $152,800
2 bedrooms $216,300
3 bedrooms $336,055
4 bedrooms $503,116
5 bedrooms $607,759
Chesapeake Home Price Trends
  9/2022 8/2022 7/2022 6/2022 5/2022
Total Listings 1,240 1,303 1,334 n/a n/a
Average Price $473,317 $466,719 $461,341 n/a n/a
Avg Price Change +1.41% +1.17% n/a n/a n/a
Median Price $410,325 $410,165 $410,071 n/a n/a
Med Price Change +0.04% +0.02% n/a n/a n/a
Avg Bedrooms 3.32 beds 3.33 beds 3.32 beds n/a n/a
Avg Bathrooms 2.08 baths 2.1 baths 2.1 baths n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Grassfield 246 $568,285 148 days
Hickory 142 $653,144 130 days
Indian River 188 $407,306 67 days
Oscar Smith 209 $349,166 70 days
Western Branch 189 $451,797 91 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,202 $476,004 103 days
Distressed Homes 19 $265,794 125 days
Multi-Million Dollar Homes 31 $2,531,279 331 days
Newly Built Homes 390 $545,876 124 days
Homes with a Pool 73 $557,700 42 days
Reduced Price Homes 52 $394,442 46 days
Harrell Homes Team
Raquel Harrell
249 , Central Park Avenue Suite 300-44
Virginia Beach, VA 23462
757-745-9617

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REIN update its listing on a daily basis. data last updated: October 2, 2022

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