Is Chesterland, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Chesterland was a Seller's Market.
Key Takeaway
Chesterland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chesterland, OH
How much do homes in Chesterland, OH cost?
Median Sold Price
$330,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chesterland have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Chesterland was $330,000 in March 2024, up 1.5% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $194K | $55K | -71.6% |
| 3 Bedrooms | $275.5K | $281K | +2.0% |
| 4 Bedrooms | $419.5K | $350K | -16.6% |
| 5+ Bedrooms | $497.5K | $522.5K | +5.0% |
Summary: Chesterland 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 71.6%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 16.6%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
| Gates Mills | $555K | $800K | +44.1% |
| Novelty | $355K | $426.5K | +20.1% |
| Munson Township | $360K | $370K | +2.8% |
| Chester Township | $320K | $325K | +1.6% |
| Chesterland | $325K | $330K | +1.5% |
Housing Supply in Chesterland, OH
How many homes are available in Chesterland, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Summary: The Chesterland real estate market had 16 homes for sale in March 2024, a 11.1% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Chesterland 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 increased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chesterland, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Chesterland in March 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Chesterland, OH
How long does it take to sell a home in Chesterland, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 70 Days | 62 Days | -11.7% |
Summary: Homes in Chesterland had an average of 62 days on market in Mar 2024, down by 11.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Chesterland has remained consistent over time.
Summary: During March 2024, 2 homes were sold in Chesterland; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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