The Chesapeake Beach housing market is very competitive. Homes in Chesapeake Beach receive 1 offers on average and sell in around 35 days. The median sale price of a home in Chesapeake Beach was $395K last month, up .0% since last year. The median sale price per square foot in Chesapeake Beach is $162, down 31.4% since last year.
What is the housing market like in Chesapeake Beach today?
In October 2024, Chesapeake Beach home prices were up .0% compared to last year, selling for a median price of $395K. On average, homes in Chesapeake Beach sell after 35 days on the market compared to 26 days last year. There were 5 homes sold in October this year, down from 9 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$395,000
0.0% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Chesapeake Beach, MD
$395,000
0.0%
United States
To compare other locations to the Chesapeake Beach and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Chesapeake Beach add value to a home.
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How hot is the Chesapeake Beach housing market?
Chesapeake Beach is very competitive. Homes sell in 31 days.
0
100
80
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 6 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 31 days.
Hot homes
can sell for about 2% above list price and go pending in around 17 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Chesapeake Beach, MD
100.8%
-0.74 pt
United States
Chesapeake Beach Migration & Relocation Trends
In Sep '24 - Nov '24, 18% of Chesapeake Beach homebuyers searched to move out of Chesapeake Beach, while 82% looked to stay within the metropolitan area.
Where are people moving to Chesapeake Beach from?
Across the nation, 3% of homebuyers searched to move into Chesapeake Beach from outside metros.
Philadelphia homebuyers searched to move into Chesapeake Beach more than any other metro followed by New York and Hartford.
Where are people from Chesapeake Beach moving to?
82% of Chesapeake Beach homebuyers searched to stay within the Chesapeake Beach metropolitan area.
Salisbury was the most popular destination among Chesapeake Beach homebuyers followed by Virginia Beach and Harrisburg.
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 Beach
Explore recent offers and recently sold homes in Chesapeake Beach
Recent offers
Offer Not Accepted|
8 Weeks Ago
~$375K Offer
Sold for $350K
3bd | 3.5ba | ~2,250sqft
Under List Price
9%
Days on Market
36
Competing Offers
0
Down Payment
—
Rich Thomas
Chesapeake Beach Redfin Agent
View houses in Chesapeake Beach that sold recently
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 Beach housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Chesapeake Beach.
Flood Factor - Severe
23% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Chesapeake Beach has a severe risk of flooding. 408 properties in Chesapeake Beach are likely to be
severely affected
by flooding over the next 30 years. This represents 23% of all properties in Chesapeake Beach. Flood risk is increasing faster than the national average.
99% of properties are at risk of wildfire over the next 30 years
Fire Factor
Chesapeake Beach has a moderate risk of wildfire. There are 2,600 properties in Chesapeake Beach that have some risk of being affected by wildfire over the next 30 years. This represents 99% of all properties in Chesapeake Beach.
82% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Chesapeake Beach has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Chesapeake Beach is most at risk from hurricanes. 2,140 properties in Chesapeake Beach 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 111 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 128 mph.
72% of properties are at severe
risk of heat over the next 30 years
Heat Factor
Chesapeake Beach has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 72% of homes in Chesapeake Beach have a Severe Heat Factor®.
Chesapeake Beach is expected to see a 128% increase in the number of days over 103ºF over the next 30 years. Chesapeake Beach is expected to experience 6