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Chesapeake

Why you'd want to live in Chesapeake

Located along the Intracoastal Waterway and covering more than 350 square miles, Chesapeake, Virginia provides a variety of urban and rural living settings. This city offers a high quality of life for people looking for nice homes, successful career opportunities, and great schools. With a population of about 244,835, Chesapeake is the second-most populous city in Virginia and is located in South Hampton Roads. It’s the 17th largest city in the United States. Chesapeake also has miles and miles of protected farmland, forests, and wetlands, including a large portion of the Great Dismal Swamp National Wildlife Refuge. Many recreational boaters travel through Chesapeake from the Chesapeake Bay to Albemarle Sound in North Carolina via the canal. The quality of life is a breath of fresh air and one of the best kept secrets on the East Coast. A waterfront city with a mild climate, Hampton has one of the lowest crime rates in the region. The city has been named one of the most technology-advanced cities in the nation by the Center for Digital Government for 14 of the past 15 years and one of the top 20 hot spots for young professionals to live and work by Next Generation Consulting. There is also an abundance of things to see and do in Hampton. The city has a vibrant arts community, distinctive festivals, signature events and cultural attractions that include the Fort Monroe National Monument, Virginia Air and Space Center, Hampton History Museum, Hampton Coliseum, The American Theatre, harbor tours, cruises and more! Hampton's impressive school division is a region leader in National Board-Certified teachers, and the school's parent approval rating has been nearly 10% above the national average. The school division prides itself on the individual development of every child with its many progressive programming choices offered to parents and students. Other educational institutions include Hampton University and Virginia Peninsula Community College. via uphomes.com

Chesapeake Market Report

$510,135

AVERAGE PRICE OF 908 HOMES

$333,869

AVERAGE PRICE OF 20 DISTRESSED HOMES

$1,982,248

AVERAGE PRICE OF 31 MULTI-MILLION DOLLAR HOMES

$610,250

AVERAGE PRICE OF 294 NEWLY BUILT HOMES

$663,627

AVERAGE PRICE OF 44 HOMES WITH A POOL

$443,419

AVERAGE PRICE OF 20 REDUCED PRICE HOMES

Average Home

Average Price $510,135
Avg Bedrooms 3.36 beds
Avg Bathrooms 2.13 baths

Average Price by Bedrooms

1 bedroom $169,900
2 bedrooms $270,708
3 bedrooms $351,272
4 bedrooms $537,558
5 bedrooms $679,135
Chesapeake Home Price Trends
  1/2024 12/2023 11/2023 10/2023 9/2023
Total Listings 872 851 900 903 911
Average Price $504,202 $493,642 $486,171 $481,028 $482,521
Avg Price Change +2.14% +1.54% +1.07% -0.31% +2.75%
Median Price $428,741 $425,585 $419,056 $414,832 $427,579
Med Price Change +0.74% +1.56% +1.02% -3.07% +0.58%
Avg Bedrooms 3.32 beds 3.33 beds 3.33 beds 3.31 beds 3.31 beds
Avg Bathrooms 2.12 baths 2.13 baths 2.11 baths 2.09 baths 2.11 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Oscar Smith 179 $445,917 85 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 908 $510,135 112 days
Distressed Homes 20 $333,869 81 days
Multi-Million Dollar Homes 31 $1,982,248 375 days
Newly Built Homes 294 $610,250 100 days
Homes with a Pool 44 $663,627 43 days
Reduced Price Homes 20 $443,419 33 days
757 Homes Team, Olivia Laurenn, Powered By Atlantic Sotheby's International Realty
Olivia Laurenn
4416 Expressway Dr
Virginia Beach, VA 23452
757-452-0397

Connor McNulty
575 Lynnhaven Parkway
Suite 100,101
Virginia Beach, VA, 23452

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REIN update its listing on a daily basis. data last updated: February 26, 2024

Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings, user is advised to verify the accuracy of the listing information before making any financial decisions.

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