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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chagrin Falls Township is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Chagrin Falls Township, OH

How much do homes in Chagrin Falls Township, OH cost?

Median Sold Price

$540,183

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$65,183(+13.7%)

Key Takeaway

Homes in Chagrin Falls Township have sold for 13.7% more than they did a year ago.

Summary: The median home sold price in Chagrin Falls Township was $540,183 in September 2024, up 13.7% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$118.2K
N/A
2 $322.5K$340K
+5.4%
3 $375K$410K
+9.3%
4 $590K$621.2K
+5.3%
5+ $830K$850K
+2.4%

Summary: Chagrin Falls Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 2.4%.

Median Sold Price Compared To Nearby Cities

Chagrin Falls Township
+13.7%
Chagrin Falls
+13.7%
Chagrin Falls
+12.2%
Russell Township
+3.7%
Moreland Hills
-5.1%

Housing Supply in Chagrin Falls Township, OH

How many homes are available in Chagrin Falls Township, OH?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
156150-3.8%

Summary: The Chagrin Falls Township real estate market had 150 homes for sale in September 2024, a 3.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 1211
-8.3%
3 4243
+2.4%
4 7464
-13.5%
5+ 2731
+14.8%

Summary: The Chagrin Falls Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 13.5%, and 5+ bedroom homes increased by 14.8%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
5036-28.0%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chagrin Falls Township, you may be able to get a good deal. 72.2% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in Chagrin Falls Township in September 2024, down by 28.0% month-over-month. Of the 36 sold homes, 72% were sold under asking, 6% were sold at asking, and 22% 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

Sep 2023Sep 2024CHANGE
43 Days51 Days+19.8%

Summary: Homes in Chagrin Falls Township had an average of 51 days on market in Sep 2024, up by 19.8% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Chagrin Falls Township has remained consistent over time.

Summary: During September 2024, 36 homes were sold in Chagrin Falls Township; 36% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 11% 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 30 Days Ago

Newest Listings in Chagrin Falls Township, OH

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