The Chesapeake housing market is very competitive. Homes in Chesapeake receive 4 offers on average and sell in around 25 days. The median sale price of a home in Chesapeake was $380K last month, up 2.6% since last year. The median sale price per square foot in Chesapeake is $203, up 5.7% since last year.
What is the housing market like in Chesapeake today?
In March 2024, Chesapeake home prices were up 2.6% compared to last year, selling for a median price of $380K. On average, homes in Chesapeake sell after 25 days on the market compared to 25 days last year. There were 305 homes sold in March this year, down from 336 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$380,000
+2.6% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Chesapeake, VA
$380,000
+2.6%
United States
To compare other locations to the Chesapeake and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Chesapeake add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Chesapeake housing market?
Chesapeake is very competitive. Homes sell in 26 days.
0
100
74
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 26 days.
Hot homes
can sell for about 2% above list price and go pending in around 13 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Chesapeake
Explore recent offers and recently sold homes in Chesapeake
Recent offers
Winning Offer|
6 Weeks Ago
~$550K Offer
4bd | 2.5ba | ~2,750sqft
Over List Price
0%
Days on Market
12
Competing Offers
2
Down Payment
—
John Conard
Chesapeake Redfin Agent
Offer Not Accepted|
12 Weeks Ago
~$700K Offer
Sold for $700K
5bd | 4ba | ~3,500sqft
Over List Price
1%
Days on Market
19
Competing Offers
2
Down Payment
—
Sara Dunbar
Chesapeake Redfin Agent
home sold for 25K Over list with a full appraisal gap guarantee ( 25K)
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
9/10
Hickory Elementary School
Public • PreK-5
478
Students
14 reviews
9/10
Windsor Woods Elementary School
Public • PreK-5
399
Students
5 reviews
9/10
Butts Road Intermediate School
Public • 3-5
656
Students
7 reviews
8/10
Salem Elementary School
Public • PreK-5
495
Students
9 reviews
8/10
Southeastern Elementary School
Public • PreK-5
804
Students
7 reviews
Only showing 5 of
100+ elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Chesapeake housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Chesapeake.
Risk Factor
Flood Factor - Moderate
36% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Chesapeake has a moderate risk of flooding. 12,085 properties in Chesapeake are likely to be
severely affected
by flooding over the next 30 years. This represents 36% of all properties in Chesapeake. Flood risk is increasing faster than the national average.
28% of properties are at risk of wildfire over the next 30 years
Fire Factor
Chesapeake has a moderate risk of wildfire. There are 25,611 properties in Chesapeake that have some risk of being affected by wildfire over the next 30 years. This represents 28% of all properties in Chesapeake.
99% of properties are at severe
risk of a severe wind event over the next 30 years
Wind Factor
Chesapeake has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Chesapeake is most at risk from hurricanes. 89,832 properties in Chesapeake have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 142 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 155 mph.