Chesterland Housing Market Report January 2025•Geauga County, Ohio

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Housing Prices in Chesterland, OH

How much do homes in Chesterland, OH cost?

Housing Market Conditions

Is Chesterland, OH a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Chesterland is a Seller's Market

Difference Since January 2024

Since last year, Chesterland has remained a Seller's Market.

Insight

Chesterland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$335,000$142/SqFt
+$10,000
+3.1%

Based on all homes sold in the last 12 months

Insight

Homes in Chesterland have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Chesterland was $335,000 in January 2025, up 3.1% from last year, and the median price per square foot was $142.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Munson Township
+9.0%
Chesterland
+3.1%
Chester Township
+2.8%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1--
N/A
2$55K$124.6K
+126.6%
3$280K$309K
+10.4%
4$345K$377.9K
+9.6%
5$525K$535K
+1.9%

Summary: Chesterland housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +126.6%. The home price for 3 bedroom homes increased by +10.4%. The home price for 4 bedroom homes increased by +9.6%. The home price for 5 bedroom homes increased by +1.9%.

Housing supply in Chesterland, OH

How many homes are available in Chesterland, OH?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
21Last MonthJan 2025
352 months agoDec 2024
-40.0 %
Change MoMDec – Jan

Summary: The Chesterland real estate market had 21 homes for sale in Jan 2025, a 40.0 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
7Last MonthJan 2025
162 months agoDec 2024
-56.3 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
233
0.0%
31512
-20.0%
4135
-61.5%
541
-75.0%

Summary: Chesterland housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -20.0%. The inventory for 4 bedroom homes decreased by -61.5%. The inventory for 5 bedroom homes decreased by -75.0%.

Asking Price vs. Sold Price

How much do homes in Chesterland, OH cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price3 Homes

At Asking Price2 Homes

Under Asking Price2 Homes

Insight

If you're buying a home in Chesterland, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Chesterland in January 2025, down by 56.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and and 43% were sold over asking.

Days on Market for Chesterland, OH

How long does it take to sell a home in Chesterland, OH?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days3 Homes

Over 90 Days1 Home

Insight

Many homes in Chesterland are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 7 homes were sold in Chesterland; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
65 DaysThis YearJan 2025
74 Days1 year agoJan 2024
-12.0 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Chesterland had an average listing age of 65 days in Jan 2025, down by 12.0% compared to the previous year.

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Newest Listings in Chesterland, OH

What homes are available in Chesterland, OH?

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MLS Disclaimers and Copyright

Based on information from MLS Now, for the period 02/01/2023 - 02/01/2025

IDXCopyright 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: 2/2/2025, 7:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.