Is Chippewa Lake, 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, Chippewa Lake has remained a Seller's Market.
Housing Prices in Chippewa Lake, OH
How much do homes in Chippewa Lake, OH cost?
Median Sold Price
$247,500
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chippewa Lake was $247,500 in May 2024, up 5.2% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $105.5K | $185K | +75.3% |
3 Bedrooms | $204K | $247.5K | +21.3% |
4 Bedrooms | $297.5K | $291K | -2.2% |
5+ Bedrooms | $319.9K | - | N/A |
Summary: Chippewa Lake 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 increased by 75.3%, 3 bedroom homes increased by 21.3%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Chippewa Lake | $235.2K | $247.5K | +5.2% |
Lafayette Township | $325K | $326.7K | 0.5% |
Housing Supply in Chippewa Lake, OH
How many homes are available in Chippewa Lake, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 14 | +40.0% |
Summary: The Chippewa Lake real estate market had 14 homes for sale in May 2024, a 40.0% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 7 | 9 | +28.6% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Chippewa Lake 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 100%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Chippewa Lake in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Chippewa Lake, OH
How long does it take to sell a home in Chippewa Lake, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 10 Days | -45.1% |
Summary: Homes in Chippewa Lake had an average of 10 days on market in May 2024, down by 45.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Chippewa Lake; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.