BOLD REALTY MARKET REPORT

Chesapeake, VA

Single-Family Homes

TOM MILAN 757-777-7577



Chesapeake, VA

Tue Oct 19 2021
This week the median list price for Chesapeake, VA is $389,999 with the market action index hovering around 57. This is about the same as last month's market action index of 57. Inventory has decreased to 443. 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

Tue Oct 19 2021
This week the median list price for Chesapeake, VA is $389,999 with the market action index hovering around 57. This is about the same as last month's market action index of 57. Inventory has decreased to 443. 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 $389,999
Median Price of New Listings $383,750
Per Square Foot $179
Average Days on Market 58
Median Days on Market 21
Price Decreased 23%
Price Increased 5%
Relisted 7%
Inventory 443
Median Rent $2,000
Market Action 57
Strong Seller's Market

The market is 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
$602,425 3,154 0.25 - 0.5 acre 5 3 12 27 17 28
$457,000 2,475 0.25 - 0.5 acre 4 2 22 21 25 28
$329,900 1,850 0.25 - 0.5 acre 4 2 42 31 23 14
$235,000 1,328 6,500 - 8,000 sqft 3 2 57 21 26 21