$2,255 Closing Credit*
$189,900
1,350 SqFt
3 Beds
•1 Full Bath, 1 Partial
Daniel A Perelman, Listing Office: Platinum Real Estate
Is Chesterland, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$350,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,000(+10.8%)
Key Takeaway
Homes in Chesterland have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Chesterland was $350,000 in October 2024, up 10.8% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $57K | $150.1K | +163.4% |
| 3 Bedrooms | $271.3K | $325K | +19.8% |
| 4 Bedrooms | $350K | $375K | +7.1% |
| 5+ Bedrooms | $537.5K | $535K | -0.5% |
Summary: Chesterland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 163.4%, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Cities
| Novelty | $377.5K | $440K | +16.6% |
| Chesterland | $316K | $350K | +10.8% |
| Chester Township | $316K | $344.5K | +9.0% |
| Munson Township | $380K | $400K | +5.3% |
| Gates Mills | $800K | $625K | -21.9% |
Housing Supply in Chesterland, OH
How many homes are available in Chesterland, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 43 | +10.3% |
Summary: The Chesterland real estate market had 43 homes for sale in October 2024, a 10.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 14 | 18 | +28.6% |
| 4 Bedrooms | 19 | 17 | -10.5% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Chesterland housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chesterland, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Chesterland in October 2024, up by 37.5% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 38 Days | +1.6% |
Summary: Homes in Chesterland had an average of 38 days on market in Oct 2024, up by 1.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 11 homes were sold in Chesterland; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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