Chesapeake

Why you'd want to live in Chesapeake

Chesapeake, VA is a hub for some of the best attractions, accommodations, and meeting spaces in the Coastal Virginia region. Dozens of hotels. Check. One-of-a-kind events. Check. Chef-driven restaurants. We’ve got those, too. With so many things to do, it’s obvious why everyone from adventurers and families to those hosting groups and weddings find Chesapeake attractive. Our Mission Chesapeake Convention & Visitors Bureau strives to promote and market the city as a destination for meetings, conventions, and individual travelers in order to foster economic development while benefiting and supporting members of the overall business community. Location, Location, Location Because of its location and highway network, Chesapeake centrally located in Coastal Virginia. Virginia Beach and Norfolk are less than 30 minutes from Chesapeake, and Williamsburg is less than an hour away. Chesapeake is also home to several stops along the Civil War Trail. The Great Dismal Swamp National Wildlife Refuge is nationally recognized as a stop on the Underground Railroad, and also boasts a thriving outdoor community with thousands of unspoiled acres for kayaking, birding, and fishing. If city life is more your speed, Chesapeake has that too. Enjoy a multitude of shopping opportunities, from antique hunting to mall cruising; or opt for fine dining and the freshest seafood in this foodie paradise. Chesapeake Facts Did you know that Chesapeake has more miles of deepwater canals than any other city in the country? It’s no wonder that the city is a member of Virginia Green, the statewide program that aims to reduce the environmental impact of the tourism industry. Chesapeake has also been rated by the FBI as one of the top five safest cities of its size in the U.S. Moreover, Money Magazine proclaimed it as one of the six best places in America to live. Get all the facts about Chesapeake and learn what makes our destination so unique. via visitchesapeake.com

Chesapeake Market Report

$414,003

AVERAGE PRICE OF 1,407 HOMES

$253,326

AVERAGE PRICE OF 15 DISTRESSED HOMES

$2,491,057

AVERAGE PRICE OF 23 MULTI-MILLION DOLLAR HOMES

$491,982

AVERAGE PRICE OF 429 NEWLY BUILT HOMES

$519,492

AVERAGE PRICE OF 77 HOMES WITH A POOL

$327,057

AVERAGE PRICE OF 21 REDUCED PRICE HOMES

Average Home

Average Price $414,003
Avg Bedrooms 3.26 beds
Avg Bathrooms 2.02 baths

Average Price by Bedrooms

2 bedrooms $206,484
3 bedrooms $310,645
4 bedrooms $448,131
5 bedrooms $559,961
Chesapeake Home Price Trends
  9/2021 8/2021 7/2021 6/2021 5/2021
Total Listings 1,464 1,550 1,521 1,552 1,527
Average Price $410,220 $407,737 $411,135 $409,432 $410,326
Avg Price Change +0.61% -0.83% +0.42% -0.22% +0.48%
Median Price $362,748 $364,232 $366,296 $364,700 $366,633
Med Price Change -0.41% -0.57% +0.44% -0.53% +0.34%
Avg Bedrooms 3.3 beds 3.34 beds 3.39 beds 3.38 beds 3.36 beds
Avg Bathrooms 2.03 baths 2.06 baths 2.07 baths 2.08 baths 2.09 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Grassfield 282 $526,804 132 days
Hickory 189 $550,046 119 days
Indian River 214 $339,503 48 days
Oscar Smith 214 $286,144 68 days
Western Branch 244 $363,227 88 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,407 $414,003 97 days
Distressed Homes 15 $253,326 176 days
Multi-Million Dollar Homes 23 $2,491,057 502 days
Newly Built Homes 429 $491,982 134 days
Homes with a Pool 77 $519,492 31 days
Reduced Price Homes 21 $327,057 41 days
Creed Realty
Elizabeth Harvey
600 Lynnhaven Pkwy, Suite 206
Virginia Beach, VA 23452
Direct: 757-985-2132
Office: 757-502-4070
Fax: 757-502-4071

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REIN update its listing on a daily basis. data last updated: October 15, 2021

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