All Home Types
Chesapeake, VA Housing Market
What is the housing market like in Chesapeake today?
In August 2024, Chesapeake home prices were up 8.5% compared to last year, selling for a median price of $410K. On average, homes in Chesapeake sell after 29 days on the market compared to 21 days last year. There were 316 homes sold in August this year, down from 354 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$410,000
+8.5% YoY | Aug 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Aug 2024
Growth
% YoY
Chesapeake, VA
$410,000
+8.5%
United States
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Chesapeake Migration & Relocation Trends
In Jun '24 - Aug '24, 27% of Chesapeake homebuyers searched to move out of Chesapeake, while 73% looked to stay within the metropolitan area.
- Across the nation, 0.97% of homebuyers searched to move into Chesapeake from outside metros.
- Washington homebuyers searched to move into Chesapeake more than any other metro followed by Richmond and Philadelphia.
Where are people moving to Chesapeake from?
- 73% of Chesapeake homebuyers searched to stay within the Chesapeake metropolitan area.
- Jacksonville was the most popular destination among Chesapeake homebuyers followed by Orlando and Lynchburg.
Where are people from Chesapeake moving to?
Number of People Moving to Chesapeake
least
most
People are moving to Chesapeake from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Jun '24 - Aug '24 | ||
| 1 | 2,732 | ||
| 2 | 1,458 | ||
| 3 | 766 | ||
| 4 | 612 | ||
| 5 | 375 | ||
| 6 | 155 | ||
| 7 | 138 | ||
| 8 | 109 | ||
| 9 | 101 | ||
| 10 | 72 | ||
People are leaving Chesapeake for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Jun '24 - Aug '24 | ||
| 1 | 79 | ||
| 2 | 64 | ||
| 3 | 50 | ||
| 4 | 40 | ||
| 5 | 38 | ||
| 6 | 37 | ||
| 7 | 31 | ||
| 8 | 29 | ||
| 9 | 28 | ||
| 10 | 26 | ||
Methodology
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.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Chesapeake.
Provided by First Street Foundation
Transportation in Chesapeake
Learn about the walkability, bikeability, and transit-friendliness of Chesapeake
Car-Dependent
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Minimal Transit
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Somewhat Bikeable
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