Is Chagrin Falls, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Chagrin Falls has remained a Seller's Market.
Housing Prices in Chagrin Falls, OH
How much do homes in Chagrin Falls, OH cost?
Median Sold Price
$541,900
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Chagrin Falls was $541,900 in March 2024, up 17.7% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $118.2K | N/A |
2 Bedrooms | $319K | $325K | +1.9% |
3 Bedrooms | $349.5K | $387.5K | +10.9% |
4 Bedrooms | $560.5K | $615.1K | +9.7% |
5+ Bedrooms | $699K | $900K | +28.8% |
Summary: Chagrin Falls housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 28.8%.
Median Sold Price Compared To Nearby Cities
South Russell | $398.7K | $475K | +19.1% |
Chagrin Falls | $457.7K | $539.5K | +17.9% |
Chagrin Falls | $460.3K | $541.9K | +17.7% |
Chagrin Falls Township | $460.3K | $541.9K | +17.7% |
Moreland Hills | $792.5K | $672.5K | -15.1% |
Housing Supply in Chagrin Falls, OH
How many homes are available in Chagrin Falls, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
102 | 121 | +18.6% |
Summary: The Chagrin Falls real estate market had 121 homes for sale in March 2024, a 18.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 31 | 38 | +22.6% |
4 Bedrooms | 43 | 52 | +20.9% |
5+ Bedrooms | 22 | 24 | +9.1% |
Summary: The Chagrin Falls housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 22.6%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 37 | +105.6% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Chagrin Falls in March 2024, up by 105.6% month-over-month. Of the 37 sold homes, 57% were sold under asking, 11% were sold at asking, and 32% were sold over asking.
Days on Market for Chagrin Falls, OH
How long does it take to sell a home in Chagrin Falls, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 62 Days | +53.5% |
Summary: Homes in Chagrin Falls had an average of 62 days on market in Mar 2024, up by 53.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 37 homes were sold in Chagrin Falls; 49% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.