The housing market in Chesterland continues to see strong price appreciation, with values up 12.7% compared to last year. Home prices have increased 25.3% in the past month alone. At the current pace, all available homes in Chesterland would sell out in just 1.3 months, indicating a continued supply shortage. Homes are now taking an average of 46 days to sell, significantly longer than the 14 days typical for this market. Only 14.3% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Chesterland market with the affordability index at 202.8. Based on current market indicators, home prices in Chesterland are projected to increase by approximately 4.8% over the next month.