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 is even hotter than Norfolk’s, with home values soaring 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?
If you’re in Chesapeake, your home’s value has skyrocketed! This is a prime time to sell while demand is high and buyers are willing to pay top dollar.

Active Listings (Homes for Sale)

✔ Dec 2023: 1,134 homes for sale
✔ Jan 2025: 1,047 active listings

📊 Takeaway:
The slight decrease in available homes means buyers have fewer options, making well-priced homes even more desirable.

How Fast Are Homes Selling? (Days on Market)

✔ Jan 2024: 42 days on market
✔ Jan 2025: 29 days on market

🏆 Chesapeake homes are selling faster than ever! If you're looking for a quick, profitable sale, this is the perfect time to list.

💡 Get ahead of the competition—find out your home’s worth today:
🔹 📩 Request a Free Home Valuation

💡 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 Neighborhood Market Insights

🔹 Great Bridge – A well-established neighborhood with consistent property values. 🔹 Greenbrier – A suburban community with a mix of established and newer developments. 🔹 Deep Creek – Features a variety of housing options at different price points. 🔹 Hickory – Offers residential choices with access to community amenities. 🔹 Western Branch – Includes newer construction and diverse housing styles.

💡 Thinking of selling in Chesapeake? 📩 Get a Free Home Value Report

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®

💰 Ready to Sell in Chesapeake? Get Your Home’s Value Instantly!

📍 Find out what your home is worth today!
📩 Enter your address & email for a free home value report:

🚀 Get My Home’s Value Now

Let’s talk about your home’s selling potential!

📞 Call/Text: 757-524-0417
📩 Email: Jennifer.Dawn@rwtowne.com
🌐 Visit: JenniferDawnRealEstate.com/Seller-Resources
📩 Schedule a Free Seller Consultation

Key Takeaways for Chesapeake Sellers:

✔ Home Prices Are Rising – Up 5.2%
✔ 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!

Housing Market Sources:

National Association of REALTORS® (NAR) – www.nar.realtor
Virginia REALTORS® (VAR) – www.virginiarealtors.org
REIN MLS (Real Estate Information Network, Inc.) – www.reinmls.com
Redfin Chesapeake Market Report – www.redfin.com
Realtor.com Chesapeake Overview – www.realtor.com
Movoto Chesapeake Market Trends – www.movoto.com
Zillow Home Values Chesapeake – www.zillow.com
The information provided in these blog posts is for informational purposes only and is based on publicly available data from reputable real estate sources as of February 2025. Market conditions are subject to change, and individual real estate transactions may vary. For a personalized home valuation and professional advice tailored to your situation, please consult a licensed real estate professional. Jennifer Dawn Real Estate does not guarantee the accuracy of third-party data sources. Always verify market trends with a trusted real estate advisor before making any real estate decisions.