Chagrin Falls Real Estate Market Update: October 2023
The Chagrin Falls real estate market remains hot in October 2023, with high demand and low inventory driving up prices. The average home price in Chagrin Falls is currently $713,833, up 15% from last year. Homes are also selling quickly, with an average time on market of just 27 days.
- Demand is high: There are more buyers than sellers in the Chagrin Falls market, which is driving up prices and competition.
- Inventory is low: There are currently fewer homes for sale in Chagrin Falls than at any time in the past five years.
- Prices are rising: The average home price in Chagrin Falls has increased by 15% in the past year.
- Homes are selling quickly: Homes are selling in an average of just 27 days in Chagrin Falls.
- Village of Chagrin Falls: The Village of Chagrin Falls is a historic and charming neighborhood with a variety of shops, restaurants, and art galleries.
- Chagrin Falls Township: Chagrin Falls Township is a more rural area with larger lots and homes.
- South Chagrin Reservation: The South Chagrin Reservation is a Metroparks park with hiking trails, picnic areas, and a golf course.
- Chagrin Falls Waterfall: The Chagrin Falls Waterfall is a popular tourist destination and a beautiful spot to take a walk or have a picnic.
- Chagrin Falls Village Green: The Chagrin Falls Village Green is a central gathering place with a variety of events held throughout the year.
- Chagrin Falls Historical Society: The Chagrin Falls Historical Society offers a variety of programs and events that showcase the village's rich history.
- Chagrin Falls Popcorn Shop: The Chagrin Falls Popcorn Shop is a popular spot for a sweet treat or a souvenir.
- Chagrin Falls Farmers Market: The Chagrin Falls Farmers Market is held every Sunday from June to October and features a variety of fresh produce, baked goods, and other local products.
The Chagrin Falls real estate market is still strong, even with rising interest rates. If you are thinking about buying or selling a home in Chagrin Falls, now is a good time to do so.