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Preforeclosure Homes in Chesapeake, VA 23324

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Chesapeake, VA Foreclosures

Current Market Conditions in in Chesapeake, VA As of January 2026?
Over the past month, the Chesapeake real estate market has seen a slight uptick in home sale prices, suggesting increased demand as more families look to settle in the city before the end of the year. While inventory levels remain low, there are still new listings coming onto the market, which is helping to satisfy some of the demand. In addition, interest rates have remained relatively stable, encouraging potential buyers to take action now rather than waiting for potential future increases.
How much do homes sell for in Chesapeake, VA?
The average home price is currently $486,583.
In Chesapeake, VA, how many homes are available?
There are currently 25 active home listings available in Chesapeake.
What’s the average rental cost in Chesapeake, VA?
The average rental price in Chesapeake is $1,886.
What is the most expensive home in Chesapeake?
The most expensive home sold in Chesapeake had a price of $191,026,672.
What is currently the cheapest priced home in Chesapeake, VA?
The cheapest home for sale in Chesapeake is priced at $10,211.

Living in Chesapeake, VA

Chesapeake, VA is a well-rounded city that offers an attractive mix of urban convenience and suburban tranquility. With its lush parks, strong community spirit, and access to quality schools, it is an ideal place for families and individuals. The city’s rich history and natural beauty provide countless opportunities for outdoor activities and family fun.

Buyer vs Seller Market in Chesapeake, VA

Chesapeake’s real estate market is currently experiencing a consistent increase in home values, driven by demand and a limited supply of available listings. The area remains attractive to both first-time homebuyers and investors, given its strategic location near major cities and military bases. Recent new constructions and community developments in the area are also adding to the vibrancy of the real estate market.

As of late 2023, the Chesapeake housing market is characterized by moderate competition, particularly in well-established neighborhoods. Homes are typically on the market for a shorter duration than in previous years, indicating a healthy appetite for property purchases in the region.

Home Value Estimator For Chesapeake, VA

There are currently 82,882 real estate properties in Chesapeake, VA, with a median automated valuation model (AVM) price of $411,736.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Chesapeake, VA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Chesapeake, VA, is $486,583.00, with the most expensive house in Chesapeake, VA, topping out at $191,026,672.00 and the cheapest home in Chesapeake, VA, clocking in at $10,211.00. In other words, there’s something for every potential homebuyer or savvy investor in Chesapeake, VA!

Rent Prices In Chesapeake, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Chesapeake, VA, is on a rollercoaster ride. The average rent price in Chesapeake, VA, is $1,886.00. Indeed, when looking to rent in Chesapeake, VA, you can expect to pay as little as $620.00 or as much as $6,600.00, with the average rent median estimated to be $1,800.00. The good news is that finding an affordable and desirable property to rent in Chesapeake, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Chesapeake, VA 23324 Preforeclosure Homes


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