New listing
16
$270,000
1229 Decatur St
Chesapeake, VA 23324
3 bd2 ba1,332 sqft
House8,843 sqft lot
Est. $249KSold 2023 for $235K
More about this property
Chesapeake, VA Housing Market & Real Estate
Seller's market+16.4% YoY
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Chesapeake, VA is $425,000, up 16.4% year-over-year. Homes sell in an average of 54 days with 448 active listings. The market is currently a seller's market.
$425,000median sale price
Is Chesapeake a buyer's or seller's market?
Seller's market1.8 months of supply54 avg. days on market
Chesapeake, VA is currently a seller's market, based on 1.8 months of supply and homes selling in about 54 days. How we determine this →
Homes sold
255
Last 12 weeks
Days on market
54
Average pace
Active listings
448
1.8 months supply
Sale-to-list
99.3%
Below asking
Chesapeake, VA market data
| Metric | Value |
|---|---|
| Median sale price | $425,000 |
| Median list price | $409,000 |
| Year-over-year price change | +16.4% |
| Average days on market | 54 days |
| Active inventory | 448 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 99.3% |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
The Chesapeake housing market is currently classified as a seller's market with a median sale price of $425,000. Prices have risen 16.4% compared to last year, with homes spending an average of 54 days on market, indicating 1.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Chesapeake
There are currently 448 homes listed for sale in Chesapeake, Virginia. The median listing price is $409K. Featured listings range from $270,000 to $850,000.
New listing
44
$350,000
616 Leonard Ave
Chesapeake, VA 23324
4 bd3 ba2,000 sqft
House
Est. $316K
More about this property
New listing
33
$385,000
1705 Foremast Loop
Chesapeake, VA 23323
3 bd3 ba1,720 sqft
Townhouse436 sqft lot
Est. $381KSold 2020 for $278K
More about this property
New listing
38
$399,900
4225 Coffman Blvd
Chesapeake, VA 23321
4 bd3 ba1,720 sqft
House16,117 sqft lot
Sold 2020 for $272K
More about this property
New listing
25
$415,000
211 Diamond Ave
Chesapeake, VA 23323
3 bd3 ba1,850 sqft
House3,920 sqft lot
Est. $398KSold 2023 for $370K
Taylor Dirk · Iron Valley Real Est. Prestige
More about this property
New listing
47
$473,000
4606 Lola B Ct
Chesapeake, VA 23321
4 bd2 ba2,000 sqft
House14,810 sqft lot
Est. $472KSold 2023 for $437K
More about this property
New listingNew build
26
$564,990
2212 Edwin Dr
Chesapeake, VA 23322
3 bd3 ba2,314 sqft
Townhouse
More about this property
New listingNew build
24
$593,740
2009 Munro Ln
Chesapeake, VA 23322
4 bd3 ba2,433 sqft
Townhouse
More about this property
New listing
42
$657,884
504 Aguila Dr
Chesapeake, VA 23322
5 bd3 ba3,084 sqft
House
Est. $644KSold 2022 for $560K
More about this property
New listing
46
$685,000
613 Royal Grant Dr
Chesapeake, VA 23322
5 bd4 ba3,412 sqft
House12,197 sqft lot
Est. $627KSold 1990 for $149K
More about this property
New listing
50
$749,000
809 Falls Creek Dr
Chesapeake, VA 23322
5 bd3 ba3,447 sqft
House11,761 sqft lot
Est. $729KSold 2004 for $346K
More about this property
New listing
50
$850,000
827 Waterfall Way
Chesapeake, VA 23322
5 bd4 ba3,658 sqft
House14,985 sqft lot
Est. $773KSold 2012 for $480K
More about this property
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Active listings
448
Homes on market
Median list price
$409K
Avg. days on market
54
Days until sale
New this week
283
Newly listed
Price drops:17.6%of listings
Sale-to-list:99.3%
Top public schools in Chesapeake
50 schools tracked · 40,576 students
The largest public schools serving Chesapeake, VA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Oscar F. Smith High
Grades 9-12 · 2,313 students
Grassfield High
Grades 9-12 · 2,306 students
Western Branch High
Grades 9-12 · 2,116 students
Indian River High
Grades 9-12 · 1,695 students
Deep Creek High
Grades 9-12 · 1,638 students
Hickory High
Grades 9-12 · 1,606 students
Great Bridge High
Grades 9-12 · 1,530 students
Grassfield Elementary
Grades PK-5 · 1,347 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Explore nearby cities in VA
Frequently asked questions
What is the average home price in Chesapeake?
The median home sale price in Chesapeake is $425,000, up 16.4% from last year.
How long do homes stay on market in Chesapeake?
Homes typically spend 54 days on market before going under contract.
Is Chesapeake a buyer's or seller's market?
With 1.8 months of supply, Chesapeake is currently a seller's market.
How many homes are for sale in Chesapeake?
There are currently 448 homes listed for sale in Chesapeake, VA.
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