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| SEPTEMBER 2025 | |||
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| Units Sold 316 |
Active Inventory 644 |
Median Sale Price $411,750 |
Days On Market 32 |
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| Up 22% Vs. Year Ago |
Up 26% Vs. Year Ago |
Up 3% Vs. Year Ago |
Up 14% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in September, with 316 sold this month in Chesapeake City Real Estate versus 337 last month, a decrease of 6%. This month's total units sold was higher than at this time last year, an increase of 22% versus September 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 131 units or 26%. The total number of active inventory this September was 644 compared to 513 in September 2024. This month's total of 644 is lower than the previous month's total supply of available inventory of 735, a decrease of 12%. |
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Median Sale Price
Last September, the median sale price for Chesapeake City Homes was $399,450. This September, the median sale price was $411,750, an increase of 3% or $12,300 compared to last year. The current median sold price is 3% lower than in August. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 424 |
Current Contracts 396 |
Sold Vs. List Price 99.7% |
Months of Supply 2.0 |
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| Up 38% Vs. Year Ago |
Up 19% Vs. Year Ago |
Down -0.6% Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In September, there was 2.0 months of supply available in Chesapeake City. The amount of supply is similar compared to a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 424 homes newly listed for sale in Chesapeake City compared to 307 in September 2024, an increase of 38%. There were 396 current contracts pending sale this September compared to 333 a year ago. The number of current contracts is 19% higher than last September. |
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Sale Price to List Price Ratio
In September, the average sale price in Chesapeake City was 99.7% of the average list price, which is 0.6% lower than at this time last year. Days on Market
This month, the average number of days on market was 32, higher than the average last year, which was 28, an increase of 14%. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by REIN and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of REIN or Long & Foster Real Estate, Inc. |
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