What is the median home price in Cedar Lakes, Chesapeake?

The median home price in Cedar Lakes is $307,500, up 18% year-over-year. Homes sell in a median of 54 days. The sale-to-list ratio is 99.15%.

How much does it cost to sell a home in Cedar Lakes?

On a $307,500 home in Cedar Lakes, a traditional agent charges around 3% — about $9,225. With Ridley Essentials ($999) or Ridley Pro ($3,499), you save $5,726 while getting MLS listing and expert support.

How long does it take to sell a home in Cedar Lakes?

The median home in Cedar Lakes spends 54 days on market. 5 homes sold recently in this neighborhood.

Is Cedar Lakes a good neighborhood to sell in right now?

Cedar Lakes had 5 homes sell recently at a median of $307,500. Sellers are getting 99.15% of their asking price. 60% of homes sold above list price. Ridley's flat fee means you keep more regardless of market conditions.

National/Virginia/Chesapeake

Cedar Lakes · Chesapeake, VA

Is Now a Good Time to Sell in Cedar Lakes, Chesapeake?

The median home in Cedar Lakes sells for $307,500 with prices up 18% year-over-year. Ridley's flat fee saves you $5,726.

Cedar Lakes Real Estate Market Conditions

69out of 100

Ridley Sell Score

How it's scored →

Moderate

69/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Cedar Lakes market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Focus on presentation and pricing strategy to stand out. Sellers who prepare well can still achieve strong results.

Inventory TightnessNeutral

4 months of supply — near the balanced threshold of 5 months. Virginia average is 2.4.

Price MomentumFavors sellers

Prices up 18.26923077% year-over-year — vs. +1.4% statewide.

Seller LeverageNeutral

Homes selling at 99.15% of asking — buyers are negotiating 0.8% below list. Virginia average is 98.7%.

Bidding ActivityFavors sellers

60% of homes selling above list price — 133% above the Virginia average of 25.8%.

Sale SpeedFavors sellers

54 median days on market — 1 days slower than the Virginia average.

Market UrgencyFavors buyers

0% of listings go pending within 2 weeks — vs. 40.8% statewide.

Price StabilityFavors sellers

Only 0% of listings have dropped their price — sellers are holding firm. Virginia average is 20.2%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

$307,500

+18%

Days on Market

Price per Sq Ft

$204

Sale-to-List Ratio

99.15%

Homes Sold

Sold Above List

60%

Source: public market records

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Personalized pricing signals, demand shifts, and Sell Score changes for Chesapeake — delivered monthly.

Your savings

How much can you save selling in Cedar Lakes?

$0Estimated savings

That's 6 months of groceries — save 1.9% of your home value

Your Cedar Lakes home value

$307,500

$50,000$10M

Traditional Agent (3%)

$9,225

Ridley Pro (flat fee)

$3,499

Ready to sell in Cedar Lakes?

Get a personalized selling strategy with AI-powered pricing analysis

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Cost comparison

Cost to sell in Cedar Lakes

	Traditional Agent	Best valueRidley Pro	Ridley Essentials
Listing fee	$9,225	$3,499	$999
Buyer agent	$8,6102.8% avg	$6,150~2% avg	$6,150~2% avg
Closing costs (~1.5%)	$4,613	$4,613	$4,613
Total cost	$22,448	$14,262	$11,762
You save	—	$5,726	$8,226

Based on the Cedar Lakes median home price of $307,500. Ridley buyer agent commission reflects the average ~2% BAC offered by Ridley sellers.

How to sell your house and save on commission in Cedar Lakes

A flat fee of $3,499 instead of the typical $9,225 commission — with a dedicated agent at every step.

AI + expert price your home

AI-powered comps reviewed by your dedicated agent — using Cedar Lakes market data so you list at the right price.

AI prepares your home

AI walk-through identifies what to fix, stage, and photograph. Your agent advises on what actually moves the needle.

Listed on MLS & 100+ sites

Professional listing syndicated to Zillow, Redfin, and everywhere Cedar Lakes buyers look — plus a custom Ridley listing page with AI chat.

Your agent negotiates

Offer comparison, counteroffer strategy, and all back-and-forth with buyers' agents — handled by your dedicated agent.

Close and keep $5,726 more

Contracts, disclosures, deadline tracking, and closing coordination — from accepted offer to keys.

Get Your Selling Strategy

FAQ

Common questions about selling in Cedar Lakes

Ready to sell in Cedar Lakes?

Save $5,726

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Explore nearby

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View all Chesapeake market data →