All Home Types
Chesapeake, VA Housing Market
What is the housing market like in Chesapeake today?
In November 2024, Chesapeake home prices were up 10.0% compared to last year, selling for a median price of $396K. On average, homes in Chesapeake sell after 39 days on the market compared to 33 days last year. There were 253 homes sold in November this year, up from 220 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$396,000
+10.0% YoY | Nov 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Nov 2024
Growth
% YoY
Chesapeake, VA
$396,000
+10.0%
United States
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Chesapeake Migration & Relocation Trends
In Sep '24 - Nov '24, 30% of Chesapeake homebuyers searched to move out of Chesapeake, while 70% looked to stay within the metropolitan area.
- Across the nation, 0.87% of homebuyers searched to move into Chesapeake from outside metros.
- Washington homebuyers searched to move into Chesapeake more than any other metro followed by Richmond and New York.
Where are people moving to Chesapeake from?
- 70% of Chesapeake homebuyers searched to stay within the Chesapeake metropolitan area.
- Lynchburg was the most popular destination among Chesapeake homebuyers followed by Roanoke and Charlottesville.
Where are people from Chesapeake moving to?
Number of People Moving to Chesapeake
least
most
People are moving to Chesapeake from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 2,097 | ||
| 2 | 1,006 | ||
| 3 | 532 | ||
| 4 | 304 | ||
| 5 | 203 | ||
| 6 | 133 | ||
| 7 | 131 | ||
| 8 | 113 | ||
| 9 | 106 | ||
| 10 | 52 | ||
People are leaving Chesapeake for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 90 | ||
| 2 | 76 | ||
| 3 | 62 | ||
| 4 | 59 | ||
| 5 | 55 | ||
| 6 | 53 | ||
| 7 | 52 | ||
| 8 | 33 | ||
| 9 | 33 | ||
| 10 | 32 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Chesapeake.
Provided by First Street Foundation
Transportation in Chesapeake
Learn about the walkability, bikeability, and transit-friendliness of Chesapeake
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Somewhat Bikeable
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