Chagrin Falls Real Estate Market Update: October 2023

Overview:

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.

Market Trends:

• 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.

Popular Neighborhoods:

• 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.

Popular Attractions:

• 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.

Conclusion:

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.