Is Newton Falls, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Newton Falls has remained a Seller's Market.
Key Takeaway
Newton Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newton Falls, OH
How much do homes in Newton Falls, OH cost?
Median Sold Price
$144,050
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Newton Falls have sold for 4% more than they did a year ago.
Summary: The median home sold price in Newton Falls was $144,050 in April 2024, up 4% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $41K | $82.5K | +101.2% |
| 2 Bedrooms | $108.3K | $124.9K | +15.2% |
| 3 Bedrooms | $145K | $155.6K | +7.3% |
| 4 Bedrooms | $127K | $135K | +6.3% |
| 5+ Bedrooms | $223K | $149.5K | -33.0% |
Summary: Newton Falls housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 101.2%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 33%.
Median Sold Price Compared To Nearby Cities
| Newton Township | $130K | $141K | +8.5% |
| Newton Falls | $138.5K | $144K | +4.0% |
| Braceville Township | $193.7K | $175K | -9.7% |
Housing Supply in Newton Falls, OH
How many homes are available in Newton Falls, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 27 | +22.7% |
Summary: The Newton Falls real estate market had 27 homes for sale in April 2024, a 22.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 13 | 17 | +30.8% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Newton Falls housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newton Falls, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Newton Falls in April 2024, down by 45.5% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Newton Falls, OH
How long does it take to sell a home in Newton Falls, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 68 Days | 48 Days | -29.4% |
Summary: Homes in Newton Falls had an average of 48 days on market in Apr 2024, down by 29.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Newton Falls has remained consistent over time.
Summary: During April 2024, 6 homes were sold in Newton Falls; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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