Chagrin Falls Home Prices & Values

$274,000 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 8.7% 1-year change
  • 2.8% 1-year forecast

Market Temperature: NeutralWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Chagrin Falls is $274,000. Chagrin Falls home values have gone up 8.7% over the past year and Zillow predicts they will rise 2.8% within the next year. The median list price per square foot in Chagrin Falls is $153, which is higher than the Cleveland Metro average of $83. The median price of homes currently listed in Chagrin Falls is $285,000 while the median price of homes that sold is $225,000.

Foreclosures will be a factor impacting home values in the next several years. In Chagrin Falls 5.1 homes are foreclosed (per 10,000). This is lower than the Cleveland Metro value of 8.4 and also greater than the national value of 5.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Chagrin Falls is 3.8%, which is lower than the national value of 8.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Chagrin Falls homeowners underwater on their mortgage is 11.0%, which is lower than Cleveland Metro at 23.6%.

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Relative ZHVI
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Chagrin Falls Market Overview

Data through Feb 28, 2014
  • $274,000 ZHVI
  • 2.8% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow’s prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Feb 28, 2015)
  • $285,000 Median listing price
  • No recent data Median sale price
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Chagrin Falls Market Health

Data through Feb 28, 2014
  • 9.1/10 Very healthy What's This?  
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    The Market Health Index illustrates the current health of a region’s housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • No recent data Homes with negative equity (19.4% US Avg)
  • No recent data Delinquent on mortgage (8.0% US Avg)

Homes foreclosed (per 10,000)

5.1 homes(Nov 30, 2013) Chagrin Falls
8.4 homes Cleveland Metro
5 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Gates Mills $444,100 Pepper Pike $376,700 Moreland Hills $364,400
South Russell $303,600 Orange $277,400 Bainbridge $248,400
Solon $239,400 Novelty $237,500 Reminderville $169,400

Listings & Sales

Data through Feb 28, 2014
  • $153 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 40.0% Listings with price cut
37.9%
Sold below listing
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Chagrin Falls Rentals

Data through Feb 28, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,911 Chagrin Falls
$1,127 Cleveland Metro
$1,310 United States
  • No recent data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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