Housing Prices in Chesapeake, VA

How much do homes in Chesapeake, VA cost?

Median List Price

$436,693

$210/sqft

Based on all homes listed in April 2024.

Difference Since Last Month

+$7,082(+1.6%)

Key Takeaway

The list price of homes in Chesapeake has increased by 1.6% since March.

Summary: The median home list price in Chesapeake was $436,693 in April 2024, up 1.6% from the previous month, and the median price per square foot was $210.

Median List Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 $95K-
N/A
2 $244.4K$255K
+4.3%
3 $330.3K$330K
-0.1%
4 $513.8K$523.9K
+2.0%
5+ $649.9K$649.9K
0%

Summary: Chesapeake housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 2%, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Cities

Knotts Island
+54.7%
Virginia Beach
+3.7%
Chesapeake
+1.6%
Norfolk
+1.6%
Portsmouth
+0.9%

Housing Supply in Chesapeake, VA

How many homes are available in Chesapeake, VA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1,1781,297+10.1%

Summary: The Chesapeake real estate market had 1,297 homes for sale in April 2024, a 10.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 10
-100.0%
2 89113
+27.0%
3 372403
+8.3%
4 509553
+8.6%
5+ 207228
+10.1%

Summary: The Chesapeake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 27%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 10.1%.

Days on Market for Chesapeake, VA

How long does it take to sell a home in Chesapeake, VA?

Average Listing Age

Mar 2024Apr 2024CHANGE
80 Days78 Days-2.9%

Summary: Homes in Chesapeake had an average listing age of 78 days in Apr 2024, down by 2.9% compared to the previous month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in Chesapeake, VA

Nearby Markets to Chesapeake, VA

What housing markets are near Chesapeake, VA?