The latest report from MyMarketPulse (mymarketpulse.com) has been published, offering a comprehensive review of Chesapeake, Virginia’s real estate market for December 2024.
The report shows that the Median Sale Price in Chesapeake reached $450,000 as of December 2024, marking an increase of 5.9% over the previous month and a 14.5% rise compared to a year ago.
178 homes were sold, a decrease 6.8% from the previous month and an increase of 18.7% from the prior year.
Additionally, the Median Days on Market for listings was observed at 32 days, 4 days shorter compared to the previous month and shorter by 8 days from last year.
Currently, with a Market Pulse Score of 97, Chesapeake’s real estate market appears to be experiencing a downtrend.
For more information about the Chesapeake, Virginia market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
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