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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chardon Township is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Chardon Township, OH

How much do homes in Chardon Township, OH cost?

Median Sold Price

$310,500

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$5,750(-1.8%)

Key Takeaway

Homes in Chardon Township have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in Chardon Township was $310,500 in February 2024, down 1.8% from last year, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $449K$87.5K
-80.5%
2 $188K$174.9K
-7.0%
3 $250K$250K
0.0%
4 $383K$380K
-0.8%
5+ $495K$470K
-5.1%

Summary: Chardon Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 80.5%, 2 bedroom homes decreased by 7%, 3 bedroom homes did not change, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 5.1%.

Median Sold Price Compared To Nearby Cities

Hambden Township
+14.3%
Concord Township
+5.0%
Chardon Township
-1.8%
Chardon
-2.3%

Housing Supply in Chardon Township, OH

How many homes are available in Chardon Township, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
50500.0%

Summary: The Chardon Township real estate market had 50 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 2018
-10.0%
4 1720
+17.6%
5+ 86
-25.0%

Summary: The Chardon Township 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 increased by 20%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1314+7.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chardon Township, 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 Chardon Township in February 2024, up by 7.7% month-over-month. Of the 14 sold homes, 57% were sold under asking, 7% were sold at asking, and 36% were sold over asking.

Days on Market for Chardon Township, OH

How long does it take to sell a home in Chardon Township, OH?

Average Sale Time

Feb 2023Feb 2024CHANGE
62 Days86 Days+38.2%

Summary: Homes in Chardon Township had an average of 86 days on market in Feb 2024, up by 38.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 14 homes were sold in Chardon Township; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 29% 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 Chardon Township, OH

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