Is Chardon, 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, Chardon has remained a Seller's Market.
Key Takeaway
Chardon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chardon, OH
How much do homes in Chardon, OH cost?
Median Sold Price
$315,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Chardon have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Chardon was $315,000 in May 2024, down 1.6% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98K | - | N/A |
| 2 Bedrooms | $179.9K | $172.4K | -4.2% |
| 3 Bedrooms | $255.5K | $261.6K | +2.4% |
| 4 Bedrooms | $373.2K | $385K | +3.1% |
| 5+ Bedrooms | $525K | $365K | -30.5% |
Summary: Chardon 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 4.2%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 30.5%.
Median Sold Price Compared To Nearby Cities
| Claridon Township | $220K | $252.5K | +14.8% |
| Munson Township | $361.5K | $371.5K | +2.8% |
| Chardon | $320K | $315K | -1.6% |
| Chardon Township | $321K | $316K | -1.6% |
| Hambden Township | $372.5K | $319K | -14.4% |
Housing Supply in Chardon, OH
How many homes are available in Chardon, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 58 | 64 | +10.3% |
Summary: The Chardon real estate market had 64 homes for sale in May 2024, a 10.3% 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 | 4 | 7 | +75.0% |
| 3 Bedrooms | 17 | 23 | +35.3% |
| 4 Bedrooms | 28 | 25 | -10.7% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Chardon 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 75%, 3 bedroom homes increased by 35.3%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chardon, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Chardon in May 2024, down by 6.3% month-over-month. Of the 15 sold homes, 33% were sold under asking, 27% were sold at asking, and 40% were sold over asking.
Days on Market for Chardon, OH
How long does it take to sell a home in Chardon, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 24 Days | -19.9% |
Summary: Homes in Chardon had an average of 24 days on market in May 2024, down by 19.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chardon are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Chardon; 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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