Is Cuyahoga Falls, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cuyahoga Falls has remained a Seller's Market.
Housing Prices in Cuyahoga Falls, OH
How much do homes in Cuyahoga Falls, OH cost?
Median Sold Price
$210,928
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cuyahoga Falls was $210,928 in May 2024, up 11.5% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $86K | $102K | +18.6% |
2 Bedrooms | $155K | $165K | +6.5% |
3 Bedrooms | $190K | $215K | +13.2% |
4 Bedrooms | $210K | $230.5K | +9.8% |
5+ Bedrooms | $449.9K | $313K | -30.4% |
Summary: Cuyahoga Falls housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.6%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes decreased by 30.4%.
Median Sold Price Compared To Nearby Cities
Silver Lake | $305K | $363K | +19.0% |
Cuyahoga Falls | $189.2K | $210.9K | +11.5% |
Akron | $125.8K | $132.7K | +5.5% |
Stow | $250.2K | $260K | +3.9% |
Bath Township | $475.2K | $489.9K | +3.1% |
Housing Supply in Cuyahoga Falls, OH
How many homes are available in Cuyahoga Falls, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
147 | 165 | +12.2% |
Summary: The Cuyahoga Falls real estate market had 165 homes for sale in May 2024, a 12.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 25 | 29 | +16.0% |
3 Bedrooms | 81 | 87 | +7.4% |
4 Bedrooms | 32 | 39 | +21.9% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Cuyahoga Falls housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
55 | 57 | +3.6% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in Cuyahoga Falls in May 2024, up by 3.6% month-over-month. Of the 57 sold homes, 30% were sold under asking, 19% were sold at asking, and 51% were sold over asking.
Days on Market for Cuyahoga Falls, OH
How long does it take to sell a home in Cuyahoga Falls, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 22 Days | +39.7% |
Summary: Homes in Cuyahoga Falls had an average of 22 days on market in May 2024, up by 39.7% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 57 homes were sold in Cuyahoga Falls; 74% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.