Housing Prices in Chesapeake, VA

How much do homes in Chesapeake, VA cost?

Median List Price

$454,799

$216/sqft

Based on all homes listed in October 2024.

Difference Since Last Month

+$5,764(+1.3%)

Key Takeaway

The list price of homes in Chesapeake has increased by 1.3% since September.

Summary: The median home list price in Chesapeake was $454,799 in October 2024, up 1.3% from the previous month, and the median price per square foot was $216.

Median List Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $184.9K$184.9K
0.0%
2 $259.9K$260K
0.0%
3 $337.7K$335K
-0.8%
4 $520K$520K
0.0%
5+ $653K$659.9K
+1.1%

Summary: Chesapeake housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 1.1%.

Median List Price Compared To Nearby Cities

Portsmouth
+1.5%
Chesapeake
+1.3%
Norfolk
0%
Virginia Beach
-0.5%

Housing Supply in Chesapeake, VA

How many homes are available in Chesapeake, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,2801,375+7.4%

Summary: The Chesapeake real estate market had 1,375 homes for sale in October 2024, a 7.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 108117
+8.3%
3 394435
+10.4%
4 539561
+4.1%
5+ 238261
+9.7%

Summary: The Chesapeake housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 9.7%.

Days on Market for Chesapeake, VA

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

Average Listing Age

Sep 2024Oct 2024CHANGE
77 Days82 Days+5.9%

Summary: Homes in Chesapeake had an average listing age of 82 days in Oct 2024, up by 5.9% compared to the previous month.

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

Report Updated 20 Days Ago

Newest Listings in Chesapeake, VA

Nearby Markets to Chesapeake, VA

What housing markets are near Chesapeake, VA?