#10566876, Malia Tavares, Listing Office: Today Homes Realty LLC
Chesapeake Housing Market Report December 2024•Chesapeake County, Virginia
Housing Prices in Chesapeake, VA
How much do homes in Chesapeake, VA cost?
Housing Market Conditions
Is Chesapeake, VA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Chesapeake is a Seller's Market
Difference Since November 2024
Last month, Chesapeake has remained a Seller's Market.
Chesapeake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in December 2024
Homes in Chesapeake have sold for 48.8% less than they did a month ago.
Summary: The median home sold price in Chesapeake was $289,000 in December 2024, down 48.8% from last month, and the median price per square foot was $183.
Median Sold Price By City
City | Nov 2024 | Dec 2024 | Change MoM |
---|---|---|---|
Knotts Island | $464.9K | $427.5K | -8.0% |
Virginia Beach | $560K | $415.5K | -25.8% |
Chesapeake | $565K | $289K | -48.8% |
Median Sold Price By Bedrooms
Beds | Nov 2024 | Dec 2024 | Change MoM |
---|---|---|---|
11 Bedroom | - | - | N/A |
22 Bedrooms | - | - | N/A |
33 Bedrooms | - | $289K | N/A |
44 Bedrooms | - | $307.5K | N/A |
55+ Bedrooms | $565K | - | N/A |
Summary: Chesapeake housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.
Housing supply in Chesapeake, VA
How many homes are available in Chesapeake, VA?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
1,186Last MonthDec 2024 | ||
1,2122 months agoNov 2024 | -2.1 % Change MoMNov – Dec |
Summary: The Chesapeake real estate market had 1,186 homes for sale in Dec 2024, a 2.1 % decrease compared to Nov 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
230Last MonthDec 2024 | ||
2452 months agoNov 2024 | -6.1 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
Beds | Nov 2024 | Dec 2024 | Change MoM |
---|---|---|---|
11 Bedroom | 1 | 3 | +200.0% |
22 Bedrooms | 120 | 111 | -7.5% |
33 Bedrooms | 384 | 383 | -0.3% |
44 Bedrooms | 482 | 466 | -3.3% |
55+ Bedrooms | 225 | 223 | -0.9% |
Summary: Chesapeake housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +200.0%. The inventory for 2 bedroom homes decreased by -7.5%. The inventory for 3 bedroom homes decreased by -0.3%. The inventory for 4 bedroom homes decreased by -3.3%. The inventory for 5 bedroom homes decreased by -0.9%.
Asking Price vs. Sold Price
How much do homes in Chesapeake, VA cost?
Over Asking Price0 Home
At Asking Price3 Homes
Under Asking Price0 Home
If you're buying a home in Chesapeake, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 230 homes were sold or pending in Chesapeake in December 2024, down by 6.1% month-over-month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and and 0% were sold over asking.
Days on Market for Chesapeake, VA
How long does it take to sell a home in Chesapeake, VA?
Breakdown of Home Sale Times
Under 30 Days144 Homes
30 – 90 Days67 Homes
Over 90 Days19 Homes
Many homes in Chesapeake are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 230 homes were sold in Chesapeake; 63% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Average Sale Time
Last Month | 1 month ago | Change MoM |
---|---|---|
31 DaysLast MonthDec 2024 | ||
35 Days1 month agoNov 2024 | -12.7 % Change MoMNov – Dec |
Summary: Homes in Chesapeake had an average listing age of 31 days in Dec 2024, down by 12.7% compared to the previous month.
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Newest Listings in Chesapeake, VA
What homes are available in Chesapeake, VA?
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MLS Disclaimers and Copyright
Based on information from Real Estate Information Network, Central Virginia Regional MLS, and BrightMLS for the period 11/01/2024 - 01/01/2025
The listing data relating to real estate for sale on this web site comes in part from the Real Estate Information Network Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon Data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the Data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent.
Real estate listings held by brokerage firms other than this broker are marked by the REIN symbol; detailed information about such listings includes the names of listing brokers.
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Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings, user is advised to verify the accuracy of the listing information before making any financial decisions.
Some of these listings contain enhanced listing information including mapping from sources such as Google, Bing, Microsoft, Yahoo, WalkScore and others.
Some properties which appear for sale on this website have subsequently sold or may no longer be available. REIN updates its listings on a daily basis.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.