Is Chippewa Lake, 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, Chippewa Lake has remained a Seller's Market.
Key Takeaway
Chippewa Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chippewa Lake, OH
How much do homes in Chippewa Lake, OH cost?
Median Sold Price
$249,900
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chippewa Lake have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Chippewa Lake was $249,900 in March 2024, up 7.4% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $131K | $185K | +41.2% |
| 3 Bedrooms | $212.5K | $245K | +15.3% |
| 4 Bedrooms | $290K | $278K | -4.1% |
| 5+ Bedrooms | $319.9K | - | N/A |
Summary: Chippewa Lake 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 increased by 41.2%, 3 bedroom homes increased by 15.3%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Chippewa Lake | $232.6K | $249.9K | +7.4% |
| Lafayette Township | $325K | $317K | -2.5% |
Housing Supply in Chippewa Lake, OH
How many homes are available in Chippewa Lake, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Summary: The Chippewa Lake real estate market had 8 homes for sale in March 2024, a 20.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Chippewa Lake 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chippewa Lake, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Chippewa Lake in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for Chippewa Lake, OH
How long does it take to sell a home in Chippewa Lake, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 15 Days | 42 Days | +184.0% |
Summary: Homes in Chippewa Lake had an average of 42 days on market in Mar 2024, up by 184% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chippewa Lake are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Chippewa Lake; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.