Chesapeake Real Estate Market Sees Home Sales Decline

The Chesapeake market broke below its 12-month average sales volume this week as sales slid 10.3% to hit 305 homes sold over the last 30 days. Meanwhile, close-by Virginia Beach reported 530 homes sales, the highest number from all the surrounding cities. Potential buyers should note that prices are coming down in Chesapeake, and for this period the median sales price slid from $272,250 to $265,900.

Great homes don't last long in the market, so make sure you take a look at the newest listings in Chesapeake:

$196K   $170K   $164K  

Get started right now by checking out Chesapeake homes for sale or reviewing Chesapeake real estate trends.

Demographic facts about Chesapeake:

  • The total number of vacant homes in the area is 4.3%.
  • The area gets 211 sunny days a year. (U.S. average: 205)
  • For every librarian there are 723 students in this area. (803 = national average)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Keller Williams Elite-W.Branch
Snapped 8 homes in this area
Howard Hanna William E. Wood
Snapped 23 homes in this area
Creed Realty
Snapped 26 homes in this area

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