Is Chester Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Chester Township has remained a Seller's Market.
Key Takeaway
Chester Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chester Township, OH
How much do homes in Chester Township, OH cost?
Median Sold Price
$338,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Chester Township have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Chester Township was $338,000 in May 2024, up 5.6% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $163K | $55K | -66.3% |
| 3 Bedrooms | $250K | $299.9K | +20.0% |
| 4 Bedrooms | $407.4K | $350K | -14.1% |
| 5+ Bedrooms | $545K | $525K | -3.7% |
Summary: Chester Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 66.3%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Kirtland | $285K | $350K | +22.8% |
| Novelty | $352.5K | $426.5K | +21.0% |
| Chesterland | $320K | $344.5K | +7.7% |
| Chester Township | $320K | $338K | +5.6% |
| Russell Township | $417.2K | $434K | +4.0% |
Housing Supply in Chester Township, OH
How many homes are available in Chester Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 26 | +13.0% |
Summary: The Chester Township real estate market had 26 homes for sale in May 2024, a 13.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 7 | 11 | +57.1% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Chester Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chester Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Chester Township in May 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Chester Township, OH
How long does it take to sell a home in Chester Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 12 Days | -61.9% |
Summary: Homes in Chester Township had an average of 12 days on market in May 2024, down by 61.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chester Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Chester Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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