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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Munroe Falls is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Munroe Falls has remained a Seller's Market.

Key Takeaway

Munroe Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Munroe Falls, OH

How much do homes in Munroe Falls, OH cost?

Median Sold Price

$248,000

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$22,750(+10.1%)

Key Takeaway

Homes in Munroe Falls have sold for 10.1% more than they did a year ago.

Summary: The median home sold price in Munroe Falls was $248,000 in February 2024, up 10.1% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $179.8K$223.3K
+24.2%
3 $220K$218K
-0.9%
4 $263.3K$321.7K
+22.2%
5+ $247.5K$370K
+49.5%

Summary: Munroe Falls housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.2%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 49.5%.

Median Sold Price Compared To Nearby Cities

Cuyahoga Falls
+11.1%
Munroe Falls
+10.1%
Stow
+7.4%
Tallmadge
+2.7%

Housing Supply in Munroe Falls, OH

How many homes are available in Munroe Falls, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
16160.0%

Summary: The Munroe Falls real estate market had 16 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 98
-11.1%
4 65
-16.7%
5+ 00
0.0%

Summary: The Munroe 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 200%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
440.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Munroe Falls, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Munroe Falls in February 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Munroe Falls, OH

How long does it take to sell a home in Munroe Falls, OH?

Average Sale Time

Feb 2023Feb 2024CHANGE
49 Days27 Days-43.9%

Summary: Homes in Munroe Falls had an average of 27 days on market in Feb 2024, down by 43.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 4 homes were sold in Munroe Falls; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 18 Days Ago

Newest Listings in Munroe Falls, OH

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