Legacy Home Team @ LPT
Chesapeake City, VA
Single-Family Homes
Legacyhomesearch.com Admin@Yourfriendlyagent.net 757-654-5059
Chesapeake City, VA
Tue Jun 30 2026
This week the median list price for Chesapeake City, VA is $602,250 with the market action index hovering around 50. This is less than last month's market action index of 51. Inventory has increased to 392.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $602,250 | |
| Median Price of New Listings | $520,000 | |
| Per Square Foot | $236 | |
| Average Days on Market | 61 | |
| Median Days on Market | 28 | |
| Price Decreased | 31% | |
| Price Increased | 5% | |
| Relisted | 11% | |
| Inventory | 392 | |
| Median Rent | ||
| Market Action | 50 | |
| Strong Seller's Market | ||
Prices appear to be hovering around their high point. Look for a persistent down-shift 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 |
|---|---|---|---|---|---|---|---|---|
| $824,950 | 3,270 | 0.25 - 0.5 acre | 5 | 3.5 | 1 | 10 | 11 | 42 |
| $671,950 | 2,983 | 8,000 - 10,000 sqft | 4 | 3 | 16 | 13 | 11 | 35 |
| $539,900 | 2,400 | 6,500 - 8,000 sqft | 4 | 2.5 | 34 | 16 | 24 | 21 |
| $357,250 | 1,502 | 4,500 - 6,500 sqft | 3 | 2 | 58 | 17 | 26 | 24 |