Is Munroe Falls, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Munroe Falls has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $179.8K | $223.3K | +24.2% |
3 Bedrooms | $220K | $218K | -0.9% |
4 Bedrooms | $263.3K | $321.7K | +22.2% |
5+ Bedrooms | $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 | $185.1K | $205.6K | +11.1% |
Munroe Falls | $225.2K | $248K | +10.1% |
Stow | $242K | $260K | +7.4% |
Tallmadge | $248.1K | $255K | +2.7% |
Housing Supply in Munroe Falls, OH
How many homes are available in Munroe Falls, OH?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
16 | 16 | 0.0% |
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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 0 | 0 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
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 2023 | Feb 2024 | CHANGE |
---|---|---|
49 Days | 27 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
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.