Chesapeake, VA Housing Market Update 2025: Prices, Sales Trends & Seller Insights
Thinking about selling your Chesapeake home? The 2025 market is full of opportunities! Home values are rising, inventory is growing, and buyers are still actively searching.
Here’s everything you need to know to sell your home for top dollar in Chesapeake, VA.
Current Market Overview
🔹 Median Home Price: $395,000 (up 5.2% YoY)
🔹 Average Days on Market (DOM): 34 days (homes selling faster than Norfolk!)
🔹 Active Listings: 20% more homes on the market vs. last year
🔹 Price Per Square Foot: $198/sq ft (a 4.5% increase)
What does this mean for you?
The Chesapeake market remains seller-friendly, but pricing and marketing are key as more listings hit the market.
Chesapeake Housing Market: 24-Month Breakdown
Chesapeake’s real estate market remains highly active, with home values increasing by 19% over the last year.
Home Price Trends
✔ Jan 2023: $364,000
✔ Dec 2023: $400,000
✔ Jan 2024: $414,000
✔ Dec 2024: $405,000
✔ Jan 2025: $485,000 (Up 19% YoY!)
What does this mean for you? Home values in Chesapeake have experienced strong growth, making it an opportune time to evaluate your selling options. This is a prime time to sell while demand is high and With demand remaining strong, well-priced homes are receiving strong interest from buyers.
Active Listings (Homes for Sale)
✔ Dec 2023: 1,134 homes for sale
✔ Jan 2025: 1,047 active listings
Takeaway: A slight decrease in available homes means sellers should focus on strategic pricing and marketing to attract serious buyers.
How Fast Are Homes Selling? (Days on Market)
✔ Jan 2024: 42 days on market
✔ Jan 2025: 29 days on market
Chesapeake homes are selling efficiently in today’s market. If you're considering selling, now is a great time to explore your options.
Get ahead of the competition—find out your home’s worth today:
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Key Takeaway:
✔ Home Prices Are Up – Chesapeake +19%
✔ Homes Are Selling Fast – Chesapeake: 29 Days
Prices are still rising, but with increased competition, sellers must be strategic to stand out.
Chesapeake Market Forecast & Seller Predictions
✔ Home Prices: Expected to rise steadily through 2025.
✔ Interest Rates: Holding steady, making homes more affordable.
✔ Inventory Trends: More listings = more competition for sellers.
✔ Best Time to Sell: Spring & early summer remain prime selling months.
Expert Insight:
"Chesapeake’s market is still strong, but more listings mean pricing strategy matters more than ever." – Virginia REALTORS®
Key Takeaways for Chesapeake Sellers:
✔ Home Prices Have Shown Consistent Growth – Up 5.2% Year-to-Date
✔ Homes Are Selling Fast – Avg. 34 days on market
✔ More Homes Are Listing – Competition is increasing!
✔ Buyers Are Still Active – But pricing & marketing are key.
Selling a home in Chesapeake? Let’s strategize your sale for maximum value!
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Let’s talk about your home’s selling potential!
📞 Call/Text: 757-524-0417
📩 Email: Jennifer.Dawn@rwtowne.com
🌐 Visit: JenniferDawnRealEstate.com/Seller-Resources
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