Is Cuyahoga Falls, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$211,750
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Cuyahoga Falls have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Cuyahoga Falls was $211,750 in June 2024, up 11.4% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $86K | $102K | +18.6% |
| 2 Bedrooms | $154.6K | $165K | +6.7% |
| 3 Bedrooms | $191.7K | $213.7K | +11.5% |
| 4 Bedrooms | $210K | $231K | +10.0% |
| 5+ Bedrooms | $416.1K | $345K | -17.1% |
Summary: Cuyahoga Falls housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.6%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 17.1%.
Median Sold Price Compared To Nearby Cities
| Silver Lake | $312.5K | $350K | +12.0% |
| Cuyahoga Falls | $190K | $211.7K | +11.4% |
| Akron | $125.1K | $134.9K | +7.9% |
| Stow | $249.8K | $260.7K | +4.4% |
| Bath Township | $470K | $452.5K | -3.7% |
Housing Supply in Cuyahoga Falls, OH
How many homes are available in Cuyahoga Falls, OH?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 172 | 174 | +1.2% |
Summary: The Cuyahoga Falls real estate market had 174 homes for sale in June 2024, a 1.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 30 | 29 | -3.3% |
| 3 Bedrooms | 92 | 92 | 0.0% |
| 4 Bedrooms | 40 | 45 | +12.5% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Cuyahoga Falls housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 61 | 54 | -11.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cuyahoga Falls, you could pay more than the asking price. 58.5% of homes here sold above asking price last month.
Summary: A total of 54 homes were sold or pending in Cuyahoga Falls in June 2024, down by 11.5% month-over-month. Of the 53 sold homes, 19% were sold under asking, 23% were sold at asking, and 58% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 12 Days | 16 Days | +32.7% |
Summary: Homes in Cuyahoga Falls had an average of 16 days on market in Jun 2024, up by 32.7% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cuyahoga Falls are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 54 homes were sold in Cuyahoga Falls; 76% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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