Is Falls Township, 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, Falls Township has remained a Seller's Market.
Key Takeaway
Falls Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Falls Township, OH
How much do homes in Falls Township, OH cost?
Median Sold Price
$182,750
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Falls Township have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Falls Township was $182,750 in May 2024, down 3.1% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $69.5K | $125K | +79.9% |
| 2 Bedrooms | $129K | $144.7K | +12.2% |
| 3 Bedrooms | $205K | $191K | -6.8% |
| 4 Bedrooms | $228.1K | $349.9K | +53.4% |
| 5+ Bedrooms | $275.4K | $382.4K | +38.8% |
Summary: Falls Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 79.9%, 2 bedroom homes increased by 12.2%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 53.4%, and 5+ bedroom homes increased by 38.8%.
Median Sold Price Compared To Nearby Cities
| Green Township | $287.4K | $390K | +35.7% |
| Marion Township | $157K | $165K | +5.1% |
| Logan | $228.9K | $235K | +2.6% |
| Falls Township | $188.5K | $182.7K | -3.1% |
Housing Supply in Falls Township, OH
How many homes are available in Falls Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 49 | +14.0% |
Summary: The Falls Township real estate market had 49 homes for sale in May 2024, a 14.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 9 | 13 | +44.4% |
| 3 Bedrooms | 22 | 21 | -4.5% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Falls Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 44.4%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Falls Township, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Falls Township in May 2024, up by 22.2% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.
Days on Market for Falls Township, OH
How long does it take to sell a home in Falls Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 45 Days | +322.0% |
Summary: Homes in Falls Township had an average of 45 days on market in May 2024, up by 322% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Falls Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Falls Township; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.