Is Chagrin Falls, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Chagrin Falls was a Seller's Market.
Housing Prices in Chagrin Falls, OH
How much do homes in Chagrin Falls, OH cost?
Median Sold Price
$531,500
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Chagrin Falls was $531,500 in February 2024, up 15.7% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $118.2K | N/A |
2 Bedrooms | $310K | $332.5K | +7.3% |
3 Bedrooms | $344.5K | $387.5K | +12.5% |
4 Bedrooms | $555K | $620.1K | +11.7% |
5+ Bedrooms | $721.3K | $867.5K | +20.3% |
Summary: Chagrin Falls housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 20.3%.
Median Sold Price Compared To Nearby Cities
Chagrin Falls | $459.5K | $531.5K | +15.7% |
Chagrin Falls | $462.2K | $535K | +15.7% |
Chagrin Falls Township | $462.2K | $535K | +15.7% |
Housing Supply in Chagrin Falls, OH
How many homes are available in Chagrin Falls, OH?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
93 | 97 | +4.3% |
Summary: The Chagrin Falls real estate market had 97 homes for sale in February 2024, a 4.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 5 | -28.6% |
3 Bedrooms | 25 | 30 | +20.0% |
4 Bedrooms | 42 | 39 | -7.1% |
5+ Bedrooms | 19 | 23 | +21.1% |
Summary: The Chagrin Falls housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 21.1%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
17 | 14 | -17.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Chagrin Falls in February 2024, down by 17.6% month-over-month. Of the 14 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
49 Days | 54 Days | +10.4% |
Summary: Homes in Chagrin Falls had an average of 54 days on market in Feb 2024, up by 10.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During February 2024, 14 homes were sold in Chagrin Falls; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.