Is Chesterland, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Chesterland was a Buyer's Market.
Housing Prices in Chesterland, OH
How much do homes in Chesterland, OH cost?
Median Sold Price
$325,000
$134/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since February 2023.
Summary: The median home sold price in Chesterland was $325,000 in February 2024, the same as last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $222.5K | $57K | -74.4% |
3 Bedrooms | $287K | $280K | -2.4% |
4 Bedrooms | $419.7K | $350K | -16.6% |
5+ Bedrooms | $545K | $522.5K | -4.1% |
Summary: Chesterland housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 74.4%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 16.6%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Cities
Novelty | $385K | $399.9K | +3.9% |
Munson Township | $358K | $366K | +2.2% |
Chester Township | $322.5K | $325K | +0.8% |
Chesterland | $325K | $325K | 0.0% |
Housing Supply in Chesterland, OH
How many homes are available in Chesterland, OH?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
15 | 15 | 0.0% |
Summary: The Chesterland real estate market had 15 homes for sale in February 2024, the same as January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 5 | 4 | -20.0% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Chesterland 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Chesterland in February 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
63 Days | 27 Days | -56.6% |
Summary: Homes in Chesterland had an average of 27 days on market in Feb 2024, down by 56.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in Chesterland; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.