In its November 2024 market overview, MyMarketPulse (mymarketpulse.com) highlights the real estate dynamics within Chesapeake, Virginia.
The Median Sale Price for properties in Chesapeake was documented at $425,000 for November 2024. This price point is a downward move of 2.3% from the previous month and shows a 9.0% rise from the year before.
The area witnessed the sale of 191 home during this period, which is a 11.6% decrease from the preceding month and an increase of 17.2% compared to the same timeframe last year.
Furthermore, homes in Chesapeake were on the market for an average of 36 days before selling, reflecting an increase of 1 day days month-over-month and an increase of 3 days day year-over-year.
With the Market Pulse Score sitting at 100, the trend in Chesapeake’s housing market seems to be flat.
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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