In its February 2024 market overview, MyMarketPulse (mymarketpulse.com) highlights the real estate dynamics within Chesapeake, Virginia.
February 2024’s data reveals a Median Sale Price of $374,900 for homes in Chesapeake. This figure represents a decline of 6.30% month-over-month and a 3.90% year-over-year decrease.
A total of 181 home was sold in the region, indicating an increase of 38.20% from last month and a drop of 12.10% when compared with a year ago.
The median time homes spent on the market was 43 days, which is down 4 days compared to last month and an increase of 15 days over the previous year.
With the Market Pulse Score sitting at 84, the trend in Chesapeake’s housing market seems to be falling.
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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