Is Chagrin Falls, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chagrin Falls is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Chagrin Falls was a Seller's Market.

Key Takeaway

Chagrin Falls is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

+$72,000(+15.7%)

Key Takeaway

Homes in Chagrin Falls have sold for 15.7% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 -$118.2K
N/A
2 $310K$332.5K
+7.3%
3 $344.5K$387.5K
+12.5%
4 $555K$620.1K
+11.7%
5+ $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
+15.7%
Chagrin Falls
+15.7%
Chagrin Falls Township
+15.7%

Housing Supply in Chagrin Falls, OH

How many homes are available in Chagrin Falls, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
9397+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 75
-28.6%
3 2530
+20.0%
4 4239
-7.1%
5+ 1923
+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 2024Feb 2024CHANGE
1714-17.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chagrin Falls, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
49 Days54 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chagrin Falls are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Chagrin Falls, OH

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