Chesapeake Real Estate Trends & Statistics

Chesapeake Median List Price

$262,200

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Chesapeake Market Snapshot

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	Today	1 Month Ago		1 Year Ago
Total Inventory	1,451	1,443	1%	1,614	10%
Median List Price	$262,200	$264,000	1%	$265,000	1%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	4%	4%		4%
Median DOM	67	64	5%	78	14%
Median House Size	2,055	2,048		2,100	2%
Median $/Sqft	$125/sqft	$126/sqft	1%	$123/sqft	2%

	Today	1 Month Ago		1 Year Ago
Total Inventory	1,186	1,192	1%	1,315	10%
Median List Price	$295,000	$295,000		$292,900	1%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	4%	4%		4%
Median DOM	67	64	5%	78	14%
Median House Size	2,300	2,259	2%	2,271	1%
Median $/Sqft	$127/sqft	$127/sqft		$124/sqft	2%

	Today	1 Month Ago		1 Year Ago
Total Inventory	265	251	6%	299	11%
Median List Price	$169,000	$165,000	2%	$170,000	1%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	6%	6%		5%
Median DOM	67	64	5%	75	11%
Median House Size	1,471	1,437	2%	1,501	2%
Median $/Sqft	$118/sqft	$116/sqft	2%	$116/sqft	2%

Chesapeake Market Data

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	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	115	18	36	35	218	463	260
New Listings	341	297	243	423	520	477	-
Sold/Expired	402	281	232	271	191	272	465

	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	87	16	28	23	178	380	206
New Listings	272	251	202	356	402	391	-
Sold/Expired	343	239	194	221	162	207	382

	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	28	2	8	12	40	83	54
New Listings	69	46	41	67	118	86	-
Sold/Expired	59	42	38	50	29	65	83

Chesapeake, Virginia real estate market statistics are calculated by Movoto every day from various sources so that you can stay up-to-date with trends in the Chesapeake homes for sale market. Movoto displays information on foreclosures, short-sales, and REO (real estate owned) properties in both charts and graphs so that you can see the percentage of distressed listings in Chesapeake. Movoto is your comprehensive source for Chesapeake property information. Where possible, Movoto uses the Active listing data from MRIS, Real Estate Information Network to calculate the Total Active Inventory, Median List Price, % Distressed, Median Days on Market, Median House size by livable square feet, Median Price per Sq.Ft (which is calculated by dividing Median House Size by Median Sq. Ft. of Active listings), and Price per Sq. Ft (which is calculated by dividing the specific Sq. Ft of the home by the current price of the home). We try to display data that is as accurate as possible, but we cannot guarantee the accuracy of our statistics. The data on this page is for informational purposes only.

Chesapeake, VA Market Overview

Inventory: 1,451 Recently Sold: 465 New Listings: 0 Distressed: 4

Chesapeake's home resale inventories increased slightly, with a 1 percent increase since April 2013. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in May. The median listing price in Chesapeake went down from April to May. There were a total of 84 price increases and 260 price decreases.

Updated: 05/01/2013

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Nearby Homes for Sale

913 Country Club BLVD, Chesapeake, VA