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Week ending Nov 18
Week ending Nov 18
w-o-w
Chesapeake Real Estate Overview
Today, November 24, 2009
Market View for Chesapeake
Avg. Listing Price
$329,233
Wk ending Nov 18
-$2,051
-0.6%
w-o-w
-0.6%
w-o-w
Median Sales Price
$224,900
Aug '09 - Oct '09
-$31,860
-12.4%
y-o-y
-12.4%
y-o-y
Chesapeake Summary
Average price per square foot for Chesapeake VA was $136, a decrease of 5.6% compared to the same period last year. The median sales price for homes in Chesapeake VA for Aug 09 to Oct 09 was $224,900 based on 495 home sales. Compared to the same period one year ago, the median home sales price decreased 12.4%, or $31,860, and the number of home sales decreased 23.8%.
There are currently 2,342 resale and new homes in Chesapeake on Trulia, including 2 open houses, as well as 342 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Chesapeake VA was $329,233 for the week ending Nov 18, which represents a decrease of 0.6%, or $2,051, compared to the prior week. Popular neighborhoods in Chesapeake include Greenbrier West and Western Branch North, with average listing prices of $255,443 and $280,985.
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