Is Chagrin Falls Township, 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, Chagrin Falls Township has remained a Seller's Market.
Housing Prices in Chagrin Falls Township, OH
How much do homes in Chagrin Falls Township, OH cost?
Median Sold Price
$540,700
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Chagrin Falls Township was $540,700 in April 2024, up 18.7% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $118.2K | N/A |
2 Bedrooms | $350K | $319K | -8.9% |
3 Bedrooms | $350K | $392.2K | +12.1% |
4 Bedrooms | $555K | $607K | +9.4% |
5+ Bedrooms | $742.5K | $850K | +14.5% |
Summary: Chagrin Falls Township 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 8.9%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 14.5%.
Median Sold Price Compared To Nearby Cities
Chagrin Falls Township | $455.6K | $540.7K | +18.7% |
Chagrin Falls | $456.2K | $540.7K | +18.5% |
Chagrin Falls | $455K | $538K | +18.2% |
Russell Township | $402.5K | $434K | +7.8% |
Moreland Hills | $807.5K | $655K | -18.9% |
Housing Supply in Chagrin Falls Township, OH
How many homes are available in Chagrin Falls Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
124 | 129 | +4.0% |
Summary: The Chagrin Falls Township real estate market had 129 homes for sale in April 2024, a 4.0% 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 | 8 | 5 | -37.5% |
3 Bedrooms | 40 | 43 | +7.5% |
4 Bedrooms | 52 | 57 | +9.6% |
5+ Bedrooms | 24 | 24 | 0.0% |
Summary: The Chagrin Falls Township 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 decreased by 37.5%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 25 | -35.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Chagrin Falls Township in April 2024, down by 35.9% month-over-month. Of the 25 sold homes, 28% were sold under asking, 20% were sold at asking, and 52% were sold over asking.
Days on Market for Chagrin Falls Township, OH
How long does it take to sell a home in Chagrin Falls Township, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 23 Days | -62.0% |
Summary: Homes in Chagrin Falls Township had an average of 23 days on market in Apr 2024, down by 62% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Chagrin Falls Township; 72% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.