Is Olmsted Falls, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Olmsted Falls has remained a Seller's Market.
Housing Prices in Olmsted Falls, OH
How much do homes in Olmsted Falls, OH cost?
Median Sold Price
$240,500
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Olmsted Falls was $240,500 in March 2024, up 1.5% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139K | $138.2K | -0.5% |
2 Bedrooms | $178.7K | $184K | +2.9% |
3 Bedrooms | $234.7K | $235.5K | 0.3% |
4 Bedrooms | $300K | $341.2K | +13.8% |
5+ Bedrooms | $232.5K | $614.9K | +164.5% |
Summary: Olmsted Falls housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 164.5%.
Median Sold Price Compared To Nearby Cities
Berea | $195.1K | $225K | +15.3% |
Olmsted Falls | $237K | $240.5K | +1.5% |
Columbia Station | $430K | $430K | 0.0% |
Olmsted Township | $235.5K | $226.2K | -3.9% |
Housing Supply in Olmsted Falls, OH
How many homes are available in Olmsted Falls, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 28 | -12.5% |
Summary: The Olmsted Falls real estate market had 28 homes for sale in March 2024, a 12.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 10 | 8 | -20.0% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Olmsted Falls housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Olmsted Falls in March 2024, down by 11.1% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Olmsted Falls, OH
How long does it take to sell a home in Olmsted Falls, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
20 Days | 49 Days | +142.3% |
Summary: Homes in Olmsted Falls had an average of 49 days on market in Mar 2024, up by 142.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Olmsted Falls; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.