Chesapeake, VA Foreclosures
How much do homes sell for in Chesapeake, VA?
The average home price is currently $483,919.
In Chesapeake, VA, how many homes are available?
There are currently 474 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 $191,648,224.
What is currently the cheapest priced home in Chesapeake, VA?
The cheapest home for sale in Chesapeake is priced at $10,199.
Living in Chesapeake, VA
Chesapeake, VA is a vibrant city offering a perfect balance of suburban peace and easy access to urban amenities. Known for its good schools, beautiful parks, and community-oriented living, it’s an ideal place for families and young professionals alike. Recreational opportunities abound in this city, enriching residents’ quality of life.
Current Market Conditions in Chesapeake, VA
The real estate market in Chesapeake, VA has shown resilience in the face of economic challenges, with home prices gradually rising over the past year. The combination of a strong job market and desirable lifestyle amenities continues to attract new residents, resulting in a competitive housing market. Buyers are encouraged to act quickly on listings, as homes are selling faster than in previous years.
Recently, Chesapeake has seen a surge in demand for single-family homes, particularly in newer developments that offer modern amenities. With increasing interest from out-of-state buyers, it is expected that the market will remain strong, with a focus on quality rather than quantity in listings.
Home Value Estimator For Chesapeake, VA
There are currently 81,598 real estate properties
in Chesapeake, VA,
with a median automated valuation model (AVM) price
of $409,622.00. 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 $483,919.00, with the most expensive house
in Chesapeake, VA, topping out
at $191,648,224.00 and the cheapest home
in Chesapeake, VA,
clocking in at $10,199.00. 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.
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