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United States > Virginia > Chesapeake City > Chesapeake

Chesapeake Virginia Housing Market Overview

The Chesapeake real estate market continues to show remarkable strength, with current median home prices standing at $396,000. Homes typically sell within 39 days of listing, indicating a healthy and efficient market. About 34.4% of properties are selling above their list price, which reflects strong buyer demand and competition. The average price per square foot is $212, revealing a steady appreciation in property values. Nevertheless, approximately 22.4% of listings have experienced price adjustments, indicating a responsive market. The area draws significant interest from buyers relocating from major metropolitan areas due to its affordability and desirable living conditions. Despite climate considerations affecting property values, Chesapeake’s strategic location continues to attract buyers, particularly in established neighborhoods like Great Bridge and Greenbrier, which are known for their community amenities and quality schools.

Why now is a good time to sell your property in Chesapeake Virginia

We serve throughout Chesapeake, including Great Bridge, Greenbrier, and Culpepper Landing. Our team has extensive experience with single-family homes in various conditions, inherited properties, investment properties, and homes needing repairs. In a market where properties typically spend 39 days listed, we provide a simpler alternative that prioritizes your needs. Our process eliminates typical barriers, including repairs, showings, or commission fees, facilitating a smooth transaction.

Experience a Better Way to Sell Your Chesapeake Home

Benefits of Owner Advocate

Benefits of Owner Advocate
In Chesapeake’s competitive market, our streamlined process helps you avoid months of uncertainty while saving thousands in selling costs. Eliminating standard commission fees means significant savings. Get the certainty of a fast offer whether your home needs work or is in perfect condition.
The process is designed to be straightforward, including an initial consultation to understand your needs, a comprehensive property evaluation to determine fair value, a cash offer that reflects the current market, and a quick closing to ensure you can move on promptly. We prioritize transparency and fairness, ensuring you receive value without the traditional selling hassles. Our team handles all paperwork, making the process stress-free whether you’re in Great Bridge, Greenbrier, or elsewhere in Hampton Roads.
$396,000
Median Sale Price
$212
Price Per Square Foot
39
Median Days on Market
34.4%
Percent of Sales Over List Price
22.4%
Percent of Listings with Price Cuts
(Metrics from Redfin)
How does this data help me?
The Owner Advocate displays market data by showing market changes in locations across the USA
City Map
Chesapeake Key Takeaways
Median Sale Price:
$396,000
Chesapeake housing market is changing
$396,000
The average home value is $396,000 and goes to pending in around 39 days.
39
Average Days on Market
on average for MLS listed homes
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Now is a great time to sell your home.
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Your home has more value than you might expect.

Why now is a good time to sell your property in Chesapeake Virginia?

Common situations that necessitate a quick sale include military PCS (Permanent Change of Station) orders requiring rapid relocation, inherited properties that present management challenges, divorce situations where time is of the essence, financial difficulties that prompt an urgent sale, and job transfers that demand immediate changes. The traditional real estate process takes an average of 39 days in Chesapeake, plus an additional 30–60 days to close, resulting in a lengthy and often stressful experience. Carrying costs average $2,100 monthly, which can mount quickly for sellers. The conventional route, with its commission fees and repair costs, becomes increasingly challenging when time is critical. Our network of buyers provides a quick resolution by presenting cash offers, allowing sellers to bypass the uncertainty and complications of a lengthy sales process.

Frequently Asked Questions About Selling Your Chesapeake Home

Q: How quickly can you close on my house in Chesapeake?

A: We can connect you with buyers who close on your Chesapeake home in as little as 7–14 days, which is significantly faster than the average 39-day market time. Once you accept an offer, we handle all the paperwork and coordinate with local title companies to ensure a swift process.

Q: Do you buy homes in as-is condition?

A: Yes, our network purchases homes in any condition throughout Chesapeake and surrounding areas. You won’t need to make any repairs or improvements before selling, which further alleviates stress.

Q: Are there any fees or commissions when selling to Owner Advocate?

A: No fees or commissions whatsoever. We cover all closing costs, ensuring you’ll receive the full cash offer with no deductions, enhancing your financial outcome.

Q: How does the selling process work?

A: The process starts with a phone consultation about your Chesapeake property. We’ll schedule one visit to your home and then connect you with qualified buyers. You choose the closing date that works best for you, ensuring flexibility.

Q: What areas of Chesapeake do you serve?

A: We facilitate property purchases throughout all Chesapeake neighborhoods, including Great Bridge, Greenbrier, and Culpepper Landing. Our service extends to surrounding areas in Hampton Roads, ensuring broad accessibility.

Q: What types of properties do you buy?

A: Our network purchases all types of residential properties, including single-family homes, inherited properties, rental properties, and homes in probate, providing many options for sellers.

Q: Do you buy houses in other locations in Virginia?

A: Yes, we buy houses throughout Virginia, including Blacksburg, Newport News, Norfolk, Richmond, and Virginia Beach.

Get Top Dollar for your Home

Why Choose Us:
  • Sell your Chesapeake home fast — get started today!
  • Skip the traditional 39-day listing process and get connected with qualified buyers within 72 hours, expediting your sale.
  • Close in as few as 10 days, minimizing your waiting time.
  • No repairs or updates needed, simplifying your experience.
  • Zero fees or commissions, maximizing your proceeds.
  • Receive a fair cash offer for your home, ensuring transparency and satisfaction.
Our straightforward process eliminates uncertainty. From inherited homes to properties needing work, our network of buyers purchases houses in any condition throughout Hampton Roads. Contact Owner Advocate now for your no-obligation consultation.
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