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 seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Chagrin Falls has remained a Seller's Market.

Key Takeaway

Chagrin Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Chagrin Falls, OH cost?

Median Sold Price

$455,666

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$9,683(+2.2%)

Key Takeaway

Homes in Chagrin Falls have sold for 2.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $75K-
N/A
2 $225K$311.2K
+38.3%
3 $334.5K$342K
+2.2%
4 $500K$555K
+11.0%
5+ $665K$747.5K
+12.4%

Median Sold Price Compared To Nearby Cities

Chagrin Falls
+6.5%
Chagrin Falls Township
+6.5%
Chagrin Falls
+2.2%
Bentleyville
-3.7%

How many homes are available in Chagrin Falls, OH?

Number of Homes For Sale

Oct 2022Nov 2022%
153127-17.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 1311
-15.4%
3 4338
-11.6%
4 7457
-23.0%
5+ 2321
-8.7%

Number of Homes Sold

Oct 2022Nov 2022%
4338-11.6%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

14 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. 44.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
49 Days33 Days-33.5%

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

5 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.

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

About Chagrin Falls, OH

Chagrin Falls, OH has 127 homes for sale to choose from. Between October 2022 and November 2022, Chagrin Falls, OH real estate market has seen decrease in the number of listings by 17%. In November 2022 median list price was $455,666 and the average listing age was 33 days. Real estate listing prices changed between October 2022 and November 2022: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went up by 38.3%, the cost of 3 bedrooms properties went up by 2.2%, prices of 4 bedrooms properties increased by 11%, 5 bedrooms properties prices increased by 12.4%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, 2 bedrooms homes inventory decreased by 15.4%, 3 bedrooms homes became 11.6% less available, 4 bedrooms homes became 23% less available, 5 bedrooms homes inventory decreased by 8.7%. Over 14 listings were sold over their listed price in November 2022 in Chagrin Falls, OH. In the same period over 17 listings were sold below the listed price and 7 listings were sold for the listed price.

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