Housing Prices in Chesapeake, VA

How much do homes in Chesapeake, VA cost?

Median List Price

$390,036

$203/sqft

Based on all homes listed in the last 12 months.

Difference Since May 2023

-$41,868(-9.7%)

Key Takeaway

The list price of homes in Chesapeake has decreased by 9.7% since last year.

Summary: The median home list price in Chesapeake was $390,036 in May 2024, down 9.7% from the previous year, and the median price per square foot was $203.

Median List Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $125K$155.9K
+24.8%
2 $245K$240K
-2.0%
3 $317K$322.4K
+1.7%
4 $499K$484.8K
-2.8%
5+ $633K$640K
+1.1%

Summary: Chesapeake housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.8%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 1.1%.

Median List Price Compared To Nearby Cities

Port Haywood
+18.9%
Mathews
+10.4%
Onemo
-5.7%
Chesapeake
-9.7%

Housing Supply in Chesapeake, VA

How many homes are available in Chesapeake, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1,2321,384+12.3%

Summary: The Chesapeake real estate market had 1,384 homes for sale in May 2024, a 12.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 13
+200.0%
2 116135
+16.4%
3 394433
+9.9%
4 511565
+10.6%
5+ 210248
+18.1%

Summary: The Chesapeake housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 18.1%.

Days on Market for Chesapeake, VA

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

Average Listing Age

May 2023May 2024CHANGE
96 Days66 Days-31.0%

Summary: Homes in Chesapeake had an average listing age of 66 days in May 2024, down by 31% compared to the previous year.

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

Report Updated 1 Day Ago

Newest Listings in Chesapeake, VA

Nearby Markets to Chesapeake, VA

What housing markets are near Chesapeake, VA?