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.
Key Takeaway
Cuyahoga Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Cuyahoga Falls have sold for 11.5% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Cuyahoga Falls, you could pay more than the asking price. 50.9% of homes here sold above asking price last month.
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
Key Takeaway
Many homes in Cuyahoga Falls are selling fast, if you're buying plan to act quickly.
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.
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