Chesterland Home Prices & Values

$204,200 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

  • 1.1% 1-year change
  • 2.7% 1-year forecast

The median home value in Chesterland is $204,200. Chesterland home values have gone up 1.1% over the past year and Zillow predicts they will rise 2.7% within the next year. The median list price per square foot in Chesterland is $117, which is higher than the Cleveland Metro average of $89. The median price of homes currently listed in Chesterland is $249,900 while the median price of homes that sold is $177,000.

Foreclosures will be a factor impacting home values in the next several years. In Chesterland 2.6 homes are foreclosed (per 10,000). This is lower than the Cleveland Metro value of 6.0 and also lower than the national value of 4.3

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 Chesterland is 9.3%, which is higher than the national value of 7.2%. 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 Chesterland homeowners underwater on their mortgage is 10.3%, which is lower than Cleveland Metro at 23.4%.

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Relative ZHVI
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Chesterland Market Overview

Data through Jun 30, 2014
  • $204,200 ZHVI
  • 2.7% 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

    (Jun 30, 2015)
  • $249,900 Median listing price
  • No recent data Median sale price
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Chesterland Market Health

Data through Jun 30, 2014
  • 2.9/10 Less 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
  • 10.3% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 9.3% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

2.6 homes(May 31, 2014) Chesterland
6 homes Cleveland Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Gates Mills $452,500 South Russell $290,400 Chagrin Falls $275,500
Kirtland $226,600 Novelty $225,500 Mayfield $218,000
Willoughby Hills $201,600 Chardon $147,300 Mayfield Heights $122,000

Listings & Sales

Data through Jun 30, 2014
  • $117 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 35.1% Listings with price cut
4.5%
Sold below listing
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Chesterland Rentals

Data through Jun 30, 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
$1,514 Chesterland
$1,132 Cleveland Metro
$1,310 United States
  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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