Is Cuyahoga Falls, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cuyahoga Falls is a seller's market

Buyer's
Market

Difference Since February 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

$205,633

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$20,514(+11.1%)

Key Takeaway

Homes in Cuyahoga Falls have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Cuyahoga Falls was $205,633 in February 2024, up 11.1% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $84.1K$91K
+8.2%
2 $147K$165K
+12.2%
3 $190K$205.9K
+8.4%
4 $205.7K$231K
+12.3%
5+ $449.9K$273.4K
-39.2%

Summary: Cuyahoga Falls housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes decreased by 39.2%.

Median Sold Price Compared To Nearby Cities

Cuyahoga Falls
+11.1%
Stow
+7.4%
Akron
+1.2%
Bath Township
-4.8%

Housing Supply in Cuyahoga Falls, OH

How many homes are available in Cuyahoga Falls, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
124125+0.8%

Summary: The Cuyahoga Falls real estate market had 125 homes for sale in February 2024, a 0.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 44
0.0%
2 2127
+28.6%
3 6959
-14.5%
4 2831
+10.7%
5+ 24
+100.0%

Summary: The Cuyahoga Falls housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 14.5%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
4739-17.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cuyahoga Falls, you could pay more than the asking price. 44.7% of homes here sold above asking price last month.

Summary: A total of 39 homes were sold or pending in Cuyahoga Falls in February 2024, down by 17.0% month-over-month. Of the 38 sold homes, 34% were sold under asking, 21% were sold at asking, and 45% 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

Feb 2023Feb 2024CHANGE
42 Days36 Days-13.0%

Summary: Homes in Cuyahoga Falls had an average of 36 days on market in Feb 2024, down by 13% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cuyahoga Falls are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 39 homes were sold in Cuyahoga Falls; 51% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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