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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $155.9K | +24.8% |
2 Bedrooms | $245K | $240K | -2.0% |
3 Bedrooms | $317K | $322.4K | +1.7% |
4 Bedrooms | $499K | $484.8K | -2.8% |
5+ Bedrooms | $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 | $330K | $392.5K | +18.9% |
Mathews | $335K | $369.9K | +10.4% |
Onemo | $525K | $495K | -5.7% |
Chesapeake | $431.9K | $390K | -9.7% |
Housing Supply in Chesapeake, VA
How many homes are available in Chesapeake, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,232 | 1,384 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 116 | 135 | +16.4% |
3 Bedrooms | 394 | 433 | +9.9% |
4 Bedrooms | 511 | 565 | +10.6% |
5+ Bedrooms | 210 | 248 | +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 2023 | May 2024 | CHANGE |
---|---|---|
96 Days | 66 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.