New - 2 days on Rocket
$6,531 Closing Credit¹
Nicholas K DeVito, Listing Office: EXP Realty, LLC.
Chagrin Falls Housing Market Report December 2024•Geauga County, Ohio
Housing Prices in Chagrin Falls, OH
How much do homes in Chagrin Falls, OH cost?
Housing Market Conditions
Is Chagrin Falls, OH a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Chagrin Falls is a Seller's Market
Difference Since December 2023
Since last year, Chagrin Falls has remained a Seller's Market.
Insight
Chagrin Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$550,100$174/SqFt
+$44,766
+8.9%
Based on all homes sold in the last 12 months
Insight
Homes in Chagrin Falls have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Chagrin Falls was $550,100 in December 2024, up 8.9% from last year, and the median price per square foot was $174.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| South Russell | $404K | $556K | +37.6% |
| Chagrin Falls | $505.3K | $550.1K | +8.9% |
| Chagrin Falls | $507.8K | $550K | +8.3% |
| Chagrin Falls Township | $507.8K | $550K | +8.3% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $118.2K | - | N/A |
| 22 Bedrooms | $322.8K | $364.5K | +12.9% |
| 33 Bedrooms | $380K | $428K | +12.6% |
| 44 Bedrooms | $600K | $599.9K | 0.0% |
| 55+ Bedrooms | $825K | $850K | +3.0% |
Summary: Chagrin Falls housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +12.9%. The home price for 3 bedroom homes increased by +12.6%. The home price for 4 bedroom homes decreased by 0.0%. The home price for 5 bedroom homes increased by +3.0%.
Housing supply in Chagrin Falls, OH
How many homes are available in Chagrin Falls, OH?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 103Last MonthDec 2024 | ||
| 1242 months agoNov 2024 | -16.9 % Change MoMNov – Dec |
Summary: The Chagrin Falls real estate market had 103 homes for sale in Dec 2024, a 16.9 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 28Last MonthDec 2024 | ||
| 302 months agoNov 2024 | -6.7 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 2 | +100.0% |
| 22 Bedrooms | 11 | 11 | 0.0% |
| 33 Bedrooms | 39 | 30 | -23.1% |
| 44 Bedrooms | 49 | 42 | -14.3% |
| 55+ Bedrooms | 24 | 18 | -25.0% |
Summary: Chagrin Falls housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -23.1%. The inventory for 4 bedroom homes decreased by -14.3%. The inventory for 5 bedroom homes decreased by -25.0%.
Asking Price vs. Sold Price
How much do homes in Chagrin Falls, OH cost?
Over Asking Price7 Homes
At Asking Price4 Homes
Under Asking Price17 Homes
Insight
If you're buying a home in Chagrin Falls, you may be able to get a good deal. 60.7% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Chagrin Falls in December 2024, down by 6.7% month-over-month. Of the 28 sold homes, 61% were sold under asking, 14% were sold at asking, and and 25% were sold over asking.
Days on Market for Chagrin Falls, OH
How long does it take to sell a home in Chagrin Falls, OH?
Breakdown of Home Sale Times
Under 30 Days13 Homes
30 – 90 Days9 Homes
Over 90 Days6 Homes
Insight
Many homes in Chagrin Falls are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 28 homes were sold in Chagrin Falls; 46% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 57 DaysThis YearDec 2024 | ||
| 39 Days1 year agoDec 2023 | +43.1 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Chagrin Falls had an average listing age of 57 days in Dec 2024, up by 43.1% compared to the previous year.
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Newest Listings in Chagrin Falls, OH
What homes are available in Chagrin Falls, OH?
New - 3 days on Rocket
$5,641 Closing Credit¹
Terry Young, Listing Office: Keller Williams Greater Metropolitan
New - 7 days on Rocket
$10,000 Closing Credit¹
Aaron Peterson, Listing Office: SOGO Homes LLC
Backup offers
$7,124 Closing Credit¹
Mark Piscitelli, Listing Office: RE/MAX Above & Beyond
$4,738 Closing Credit¹
Nicholas K DeVito, Listing Office: EXP Realty, LLC.
$6,757 Closing Credit¹
Susan A Metallo, Listing Office: Berkshire Hathaway HomeServices Professional Realty
Backup offers
$10,000 Closing Credit¹
Mike Wold, Listing Office: RE/MAX Traditions
Backup offers
$9,358 Closing Credit¹
Kathleen Bergansky, Listing Office: Keller Williams Living
$5,284 Closing Credit¹
Dan McCaskey, Listing Office: RE/MAX Traditions
$10,000 Closing Credit¹
Erika R Mitschke, Listing Office: The Agency Cleveland Northcoast
$10,000 Closing Credit¹
Michael A Ferrante, Listing Office: Century 21 Homestar
$10,000 Closing Credit¹
Nick Zawitz, Listing Office: The Agency Cleveland Northcoast
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MLS Disclaimers and Copyright
Based on information from MLS Now, for the period 01/01/2023 - 01/01/2025
Copyright 2025 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.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/31/2025, 11:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.