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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

$520,925

AVERAGE PRICE OF 1,102 HOMES

$325,862

AVERAGE PRICE OF 8 DISTRESSED HOMES

$1,837,879

AVERAGE PRICE OF 40 MULTI-MILLION DOLLAR HOMES

$592,655

AVERAGE PRICE OF 330 NEWLY BUILT HOMES

$773,948

AVERAGE PRICE OF 85 HOMES WITH A POOL

$495,270

AVERAGE PRICE OF 45 REDUCED PRICE HOMES

Average Home

Average Price $520,925
Avg Bedrooms 3.4 beds
Avg Bathrooms 2.2 baths

Average Price by Bedrooms

1 bedroom $212,900
2 bedrooms $261,092
3 bedrooms $354,933
4 bedrooms $561,448
5 bedrooms $703,128
Chesapeake Home Price Trends
  6/2024 5/2024 4/2024 3/2024 2/2024
Total Listings 1,101 1,061 994 930 895
Average Price $515,570 $513,397 $512,600 $510,312 $506,263
Avg Price Change +0.42% +0.16% +0.45% +0.80% +0.41%
Median Price $465,543 $471,203 $469,388 $454,541 $438,751
Med Price Change -1.22% +0.39% +3.27% +3.60% +2.33%
Avg Bedrooms 3.38 beds 3.36 beds 3.36 beds 3.34 beds 3.32 beds
Avg Bathrooms 2.17 baths 2.14 baths 2.13 baths 2.12 baths 2.12 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Oscar Smith 239 $439,696 71 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,102 $520,925 99 days
Distressed Homes 8 $325,862 61 days
Multi-Million Dollar Homes 40 $1,837,879 326 days
Newly Built Homes 330 $592,655 105 days
Homes with a Pool 85 $773,948 41 days
Reduced Price Homes 45 $495,270 40 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: July 13, 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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