BOLD REALTY MARKET REPORT

Chesapeake, VA

Single-Family Homes

TOM MILAN 757-777-7577



Chesapeake, VA

Thu Jan 21 2021
This week the median list price for Chesapeake, VA is $399,900 with the market action index hovering around 53. This is less than last month's market action index of 55. Inventory has held steady at or around 315. Click here to stay informed with the Chesapeake market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Chesapeake, VA

Thu Jan 21 2021
This week the median list price for Chesapeake, VA is $399,900 with the market action index hovering around 53. This is less than last month's market action index of 55. Inventory has held steady at or around 315. Click here to stay informed with the Chesapeake market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Chesapeake market.
Median List Price $399,900
Per Square Foot $172
Days on Market 97
Price Decreased 16%
Price Increased 20%
Relisted 6%
Inventory 315
Median Rent $1,595
Most Expensive $1,895,000
Least Expensive $85,025
Market Action 53
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$610,000 3,100 2.5 - 5 acres 5 3 1 4 4 156
$450,000 2,609 0.25 - 0.5 acre 4 3 1 10 18 119
$334,900 2,000 0.25 - 0.5 acre 4 2 32 31 24 61
$199,900 1,400 6,500 - 8,000 sqft 3 2 63 19 19 51