A theoretical probability distribution and associated statistics for the coherence bandwidth of an ideal mode-stirred reverberation chamber are derived. The stochastic model assumes and exploits the ergodicity of a dynamic wave chaotic cavity by expressing the coherence bandwidth in terms of the random effective excitation bandwidth and by replacing spatial averaging of transmitter-receiver locations with stir (ensemble) averaging. The theoretical model is validated through comparison with the empirical cumulative distribution function (cdf) extracted from measured S-parameter data from a real chamber, and through simulation using analytical calculations for a fictitious wall-stirred chamber. The results are particularly relevant to the improvement of transmission quality and uncertainty quantification of wireless multipath propagation.