Is Chesterland, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Chesterland has remained a Seller's Market.
Housing Prices in Chesterland, OH
How much do homes in Chesterland, OH cost?
Median Sold Price
$335,500
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Chesterland was $335,500 in April 2024, up 3.2% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $194K | $55K | -71.6% |
3 Bedrooms | $276K | $299K | +8.3% |
4 Bedrooms | $390K | $355K | -9.0% |
5+ Bedrooms | $585K | $522.5K | -10.7% |
Summary: Chesterland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 71.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes decreased by 10.7%.
Median Sold Price Compared To Nearby Cities
Gates Mills | $600K | $762.5K | +27.1% |
Novelty | $350K | $433K | +23.7% |
Chesterland | $325K | $335.5K | +3.2% |
Chester Township | $325K | $335K | +3.1% |
Munson Township | $370K | $367K | -0.8% |
Housing Supply in Chesterland, OH
How many homes are available in Chesterland, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 27 | +42.1% |
Summary: The Chesterland real estate market had 27 homes for sale in April 2024, a 42.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 8 | 13 | +62.5% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Chesterland housing inventory by bedroom type for April 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 62.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Chesterland in April 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Chesterland, OH
How long does it take to sell a home in Chesterland, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 11 Days | -74.9% |
Summary: Homes in Chesterland had an average of 11 days on market in Apr 2024, down by 74.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Chesterland; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.