Is Newton Falls, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Newton Falls was a Buyer's Market.
Key Takeaway
Newton Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newton Falls, OH
How much do homes in Newton Falls, OH cost?
Median Sold Price
$143,100
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Newton Falls have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Newton Falls was $143,100 in March 2024, up 8.4% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $41K | $82.5K | +101.2% |
| 2 Bedrooms | $97.7K | $122.4K | +25.2% |
| 3 Bedrooms | $142.5K | $160.6K | +12.7% |
| 4 Bedrooms | $127K | $135K | +6.3% |
| 5+ Bedrooms | $223K | $188.7K | -15.4% |
Summary: Newton Falls housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 101.2%, 2 bedroom homes increased by 25.2%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 15.4%.
Median Sold Price Compared To Nearby Cities
| Newton Falls | $132K | $143.1K | +8.4% |
| Newton Township | $129.9K | $140K | +7.7% |
Housing Supply in Newton Falls, OH
How many homes are available in Newton Falls, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Summary: The Newton Falls real estate market had 22 homes for sale in March 2024, a 4.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Newton Falls housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 11 | +175.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newton Falls, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Newton Falls in March 2024, up by 175.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.
Days on Market for Newton Falls, OH
How long does it take to sell a home in Newton Falls, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 56 Days | +97.8% |
Summary: Homes in Newton Falls had an average of 56 days on market in Mar 2024, up by 97.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newton Falls are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Newton Falls; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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