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 3 Days Ago

Newest Listings in Chesapeake, VA

Nearby Markets to Chesapeake, VA

What housing markets are near Chesapeake, VA?