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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chester Township is a buyer's market

Buyer's
Market

Difference Since December 2021

At the same time last year, Chester Township was a Seller's Market.

Key Takeaway

Chester Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Chester Township, OH cost?

Median Sold Price

$325,000

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$40,000(+14.0%)

Key Takeaway

Homes in Chester Township have sold for 14% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 --
N/A
2 $210K$225K
+7.1%
3 $259K$280K
+8.1%
4 $298K$425K
+42.6%
5+ $425K$625K
+47.1%

Median Sold Price Compared To Nearby Cities

Chesterland
+14.1%
Chester Township
+14.0%
Russell Township
+1.3%
Novelty
0.0%
Kirtland
-14.4%

How many homes are available in Chester Township, OH?

Number of Homes For Sale

Nov 2022Dec 2022%
3130-3.2%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 22
0.0%
3 1212
0.0%
4 1312
-7.7%
5+ 44
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
74-42.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chester Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
22 Days107 Days+375.7%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Chester Township, OH

Number of homes for sale in Chester Township, OH real estate market have reached 30. The number of homes for sale in Chester Township, OH decreased by 3.2% between November 2022 and December 2022. Listings spent 107 days on the market in December 2022, and had a median list price of $325,000 during the same period. Listing prices have changed in this real estate market between November 2022 and December 2022: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 7.1%, prices of 3 bedrooms properties went up by 8.1%, 4 bedrooms properties became 42.6% more expensive, 5 bedrooms properties became 47.1% more expensive. This housing market inventory have changed: number of 1 bedroom homes remained the same, 2 bedrooms homes did not move, number of 3 bedrooms homes remained the same, volume of 4 bedrooms homes went down by 7.7%, volume of 5 bedrooms homes stayed the same. While more than 0 listings in Chester Township, OH in December 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 3 were sold below.

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