Chesapeake Real Estate Market Overview
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Selling a home in Chesapeake, VA
In the city of Chesapeake, the median home value is around 283,520. If you’re in need of a profitable sale, sell in the month of July. Home sales are 7.56% more during this month than the yearly average. Although during the month of May, homes sell 16 days faster than any other month. Fast sales never seem to be a guarantee when using realtors or selling independently as a for sale by owner. iBuyers on the other hand, can promise homeowners a fast and seamless sale. Within 24 hours they’ll provide you with an all-cash offer, and will take care of all the time-consuming steps that come with it. With an iBuyer, you won’t have to clean out your home, pay for repairs, or wait on an offer.
Location & Weather
Chesapeake can be found in South Hampton, and is known to be a diverse city with an abundance of farmland, forests and wetlands. This city is located on the Atlantic Intracostal Waterway, and offers miles of water-front property. This city has been voted one of the best places to live in Virginia, and offers both a country and city based life-style. There’s easy access to beaches and inlets, as well as Norfolk and Virginia Beach. Many residents and visitors travel to these cities to enjoy different yearly events and family leisure. If you’re a fan of bird-watching, water activities, hiking, or parks, visit the Chesapeake Arboretum, go on a pedal boat ride at Northwest River Park, or let the kids play at Fun Forest. Some of the main attractions in Chesapeake include the Oak Grove Lake Park, Hickory Ridge Farm, The Garage Bewery, or the Greenbrier Mall.
The weather in Chesapeake consists of warm summers and very cold winters. Summer temperatures here reach highs in the 80’s, with lows in the 60’s. Winter temperatures reach highs in the 50’s and lows in the 30’s.
Population, Job Market & Cost of Living
The population in Chesapeake is 248,106, and has a growth rate of 1.12% annually. The job growth here has increased by 1.3% over the last year and in ten years, is predicted to have increased by 35.2%. Several major industries are industrial technologies, communication technologies, knowledge services, military support industries and health care technologies. Some of the largest companies to work for here include the Chesapeake General Hospital, Technical Systems Integration, Coast Guard Exchange, and LTD. Hospital. The cost of living here is higher than the U.S. average, with housing being the biggest contributor to its cost.
Chesapeake is one of the best places to live for those seeking employment opportunities, or for a new place to call home. Thanks to the quality of life it has to offer, it will continue attracting those hoping to live in Virginia.