$7,804 Closing Credit*
$657,200
3,156 SqFt
3 Beds
•2 Full Baths
Aaron M Brailer, Listing Office: RealHome Services and Solutions, Inc.
Is Chesterland, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Chesterland has remained a Seller's Market.
Key Takeaway
Chesterland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chesterland, OH
How much do homes in Chesterland, OH cost?
Median Sold Price
$330,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+1.5%)
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 November 2024, up 1.5% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $55K | $124.6K | +126.6% |
| 3 Bedrooms | $280K | $295K | +5.4% |
| 4 Bedrooms | $340K | $376K | +10.6% |
| 5+ Bedrooms | $528.6K | $535K | +1.2% |
Summary: Chesterland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 126.6%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Novelty | $365K | $445K | +21.9% |
| Munson Township | $370K | $400K | +8.1% |
| Chesterland | $325K | $330K | +1.5% |
| Chester Township | $325K | $320K | -1.5% |
| Gates Mills | $788K | $669K | -15.1% |
Housing Supply in Chesterland, OH
How many homes are available in Chesterland, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 40 | -11.1% |
Summary: The Chesterland real estate market had 40 homes for sale in November 2024, a 11.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 18 | 13 | -27.8% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Chesterland housing inventory by bedroom type for November 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 5.6%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 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. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Chesterland in November 2024, down by 23.1% month-over-month. Of the 10 sold homes, 70% were sold under asking, 30% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 62 Days | 59 Days | -5.5% |
Summary: Homes in Chesterland had an average of 59 days on market in Nov 2024, down by 5.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chesterland are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Chesterland; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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