Is Chagrin Falls Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Chagrin Falls Township has remained a Seller's Market.
Housing Prices in Chagrin Falls Township, OH
How much do homes in Chagrin Falls Township, OH cost?
Median Sold Price
$541,366
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chagrin Falls Township was $541,366 in May 2024, up 20% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $118.2K | N/A |
2 Bedrooms | $325K | $320.3K | -1.4% |
3 Bedrooms | $350K | $404K | +15.4% |
4 Bedrooms | $549K | $615K | +12.0% |
5+ Bedrooms | $753K | $850K | +12.9% |
Summary: Chagrin Falls Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 12.9%.
Median Sold Price Compared To Nearby Cities
Chagrin Falls Township | $451.1K | $541.3K | +20.0% |
Chagrin Falls | $451.2K | $541.3K | +20.0% |
Chagrin Falls | $450.6K | $539.6K | +19.8% |
Russell Township | $417.2K | $434K | +4.0% |
Moreland Hills | $739.7K | $655K | -11.5% |
Housing Supply in Chagrin Falls Township, OH
How many homes are available in Chagrin Falls Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
134 | 157 | +17.2% |
Summary: The Chagrin Falls Township real estate market had 157 homes for sale in May 2024, a 17.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 11 | +57.1% |
3 Bedrooms | 44 | 49 | +11.4% |
4 Bedrooms | 59 | 67 | +13.6% |
5+ Bedrooms | 24 | 30 | +25.0% |
Summary: The Chagrin Falls Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 44 | +69.2% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Chagrin Falls Township in May 2024, up by 69.2% month-over-month. Of the 44 sold homes, 45% were sold under asking, 16% were sold at asking, and 39% were sold over asking.
Days on Market for Chagrin Falls Township, OH
How long does it take to sell a home in Chagrin Falls Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 40 Days | +18.6% |
Summary: Homes in Chagrin Falls Township had an average of 40 days on market in May 2024, up by 18.6% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 44 homes were sold in Chagrin Falls Township; 61% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.