Chesapeake

Why you'd want to live in Chesapeake

Chesapeake is ideal for those who appreciate a slower pace and a more suburban atmosphere while still being close to the amenities of larger cities. It’s known for its expansive natural areas, including the Great Dismal Swamp National Wildlife Refuge, which offers hiking, kayaking, and wildlife viewing. Families often gravitate toward Chesapeake for its spacious homes, well-regarded schools, and strong sense of local pride. The city also has a growing business community and is well-connected by major highways, making commuting to nearby areas like Norfolk or Virginia Beach relatively easy. Its blend of nature and development creates a balanced lifestyle that appeals to many.

Chesapeake Market Report

$525,915

AVERAGE PRICE OF 1,256 HOMES

$299,290

AVERAGE PRICE OF 27 DISTRESSED HOMES

$1,560,043

AVERAGE PRICE OF 41 MULTI-MILLION DOLLAR HOMES

$673,787

AVERAGE PRICE OF 306 NEWLY BUILT HOMES

$731,727

AVERAGE PRICE OF 104 HOMES WITH A POOL

$500,303

AVERAGE PRICE OF 71 REDUCED PRICE HOMES

Average Home

Average Price $525,915
Avg Bedrooms 3.02 beds
Avg Bathrooms 2.37 baths

Average Price by Bedrooms

1 bedroom $438,300
2 bedrooms $279,805
3 bedrooms $357,167
4 bedrooms $574,830
5 bedrooms $708,465
Chesapeake Home Price Trends
  7/2026 6/2026 5/2026 4/2026 3/2026
Total Listings 1,219 n/a n/a 1,124 1,017
Average Price $546,984 n/a n/a $541,272 $530,648
Avg Price Change n/a n/a n/a +2.00% -0.77%
Median Price $498,956 n/a n/a $498,264 $489,547
Med Price Change n/a n/a n/a +1.78% -2.98%
Avg Bedrooms 3.37 beds n/a n/a 3.5 beds 3.4 beds
Avg Bathrooms 2.49 baths n/a n/a 2.27 baths 2.21 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Grassfield 191 $645,186 136 days
Hickory 212 $719,970 84 days
Indian River 218 $380,158 47 days
Oscar Smith 202 $365,181 44 days
Western Branch 210 $371,157 48 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,256 $525,915 53 days
Distressed Homes 27 $299,290 84 days
Multi-Million Dollar Homes 41 $1,560,043 318 days
Newly Built Homes 306 $673,787 88 days
Homes with a Pool 104 $731,727 41 days
Reduced Price Homes 71 $500,303 46 days

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Boyd Realty Partners
313 Office Square Ln, Ste 200-C
Virginia Beach, VA 23462
Direct: (757) 330-1332

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