Is Chardon, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Chardon has remained a Seller's Market.
Key Takeaway
Chardon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chardon, OH
How much do homes in Chardon, OH cost?
Median Sold Price
$314,166
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chardon have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Chardon was $314,166 in March 2024, down 1.8% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98K | - | N/A |
| 2 Bedrooms | $179.9K | $167.4K | -6.9% |
| 3 Bedrooms | $250K | $256K | +2.4% |
| 4 Bedrooms | $370K | $385K | +4.1% |
| 5+ Bedrooms | $497.5K | $460K | -7.5% |
Summary: Chardon housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 7.5%.
Median Sold Price Compared To Nearby Cities
| Claridon Township | $209.5K | $277.7K | +32.6% |
| Munson Township | $360K | $370K | +2.8% |
| Chardon Township | $320K | $316K | -1.3% |
| Chardon | $320K | $314.1K | -1.8% |
Housing Supply in Chardon, OH
How many homes are available in Chardon, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 54 | 53 | -1.9% |
Summary: The Chardon real estate market had 53 homes for sale in March 2024, a 1.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 21 | 25 | +19.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Chardon housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 19%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chardon, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Chardon in March 2024, the same as the previous month. Of the 16 sold homes, 75% were sold under asking, 6% were sold at asking, and 19% were sold over asking.
Days on Market for Chardon, OH
How long does it take to sell a home in Chardon, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 48 Days | +19.9% |
Summary: Homes in Chardon had an average of 48 days on market in Mar 2024, up by 19.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chardon are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in Chardon; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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