Chesapeake, VA
Housing market overview · Updated weekly
$425,000median sale price
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
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
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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.
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