Housing Prices in Chesapeake, VA

How much do homes in Chesapeake, VA cost?

Median List Price

$414,279

$208/sqft

Based on all homes listed in February 2024.

Difference Since Last Month

+$3,053(+0.7%)

Key Takeaway

The list price of homes in Chesapeake has increased by 0.7% since January.

Summary: The median home list price in Chesapeake was $414,279 in February 2024, up 0.7% from the previous month, and the median price per square foot was $208.

Median List Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 $135.9K$135.9K
0.0%
2 $231.5K$235K
+1.5%
3 $324.9K$332.3K
+2.3%
4 $499.9K$499.9K
0.0%
5+ $659.8K$651.6K
-1.2%

Summary: Chesapeake housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 2.3%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 1.2%.

Median List Price Compared To Nearby Cities

Norfolk
+1.1%
Chesapeake
+0.7%
Portsmouth
+0.7%
Virginia Beach
0%
Knotts Island
0.0%

Housing Supply in Chesapeake, VA

How many homes are available in Chesapeake, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1,0851,221+12.5%

Summary: The Chesapeake real estate market had 1,221 homes for sale in February 2024, a 12.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 1011
+10.0%
2 7282
+13.9%
3 366409
+11.7%
4 455508
+11.6%
5+ 182211
+15.9%

Summary: The Chesapeake housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 15.9%.

Days on Market for Chesapeake, VA

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

Average Listing Age

Jan 2024Feb 2024CHANGE
93 Days93 Days0.4%

Summary: Homes in Chesapeake had an average listing age of 93 days in Feb 2024, up by 0.4% compared to the previous month.

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

Report Updated 28 Days Ago

Newest Listings in Chesapeake, VA

Nearby Markets to Chesapeake, VA

What housing markets are near Chesapeake, VA?