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Foreclosure Homes in Chesapeake, VA

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Chesapeake, VA Foreclosures

Current Market Conditions in in Chesapeake, VA As of March 2026?
Over the past month, housing prices in Chesapeake have shown a slight uptick, reflecting the continued strong demand in the region. The inventory of available homes remains relatively low, contributing to competitive pricing for desirable properties. This dynamic has encouraged buyers to act quickly when new listings appear, knowing that they may face bidding wars in certain neighborhoods.
How much do homes sell for in Chesapeake, VA?
The average home price is currently $486,114.
In Chesapeake, VA, how many homes are available?
There are currently 507 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 $192,128,696.
What is currently the cheapest priced home in Chesapeake, VA?
The cheapest home for sale in Chesapeake is priced at $10,212.

Living in Chesapeake, VA

Chesapeake, VA, is a charming city that blends suburban living with a strong sense of community. Known for its beautiful parks and waterways, it offers a variety of recreational activities that appeal to families and outdoor enthusiasts. The city boasts accessible public amenities and a commitment to maintaining a high quality of life for its residents.

Buyer vs Seller Market in Chesapeake, VA

The real estate market in Chesapeake, VA, has seen a steady increase in demand due to its appealing living environment and proximity to larger metropolitan areas like Norfolk and Virginia Beach. Home prices have gradually appreciated as buyers seek more spacious homes with additional amenities, particularly in suburban neighborhoods.

Home Value Estimator For Chesapeake, VA

There are currently 82,875 real estate properties in Chesapeake, VA, with a median automated valuation model (AVM) price of $412,092.00. 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 $486,114.00, with the most expensive house in Chesapeake, VA, topping out at $192,128,696.00 and the cheapest home in Chesapeake, VA, clocking in at $10,212.00. 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 Foreclosures

Market Trend for Chesapeake, VA

Total Listings Available: 507

Market Values:

Home Prices from $10,212 to $192,128,696

Average Sales Price: $486,114

Rental Values:

Rental from $620 to $6,600

Average Rent Value: $1,886 / month

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