Is Munroe Falls, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$249,900
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Munroe Falls have sold for 13.6% more than they did a year ago.
Summary: The median home sold price in Munroe Falls was $249,900 in April 2024, up 13.6% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $174.7K | $220K | +25.9% |
| 3 Bedrooms | $218.7K | $236.2K | +8.0% |
| 4 Bedrooms | $261K | $335K | +28.4% |
| 5+ Bedrooms | $247.5K | $370K | +49.5% |
Summary: Munroe Falls housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.9%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 28.4%, and 5+ bedroom homes increased by 49.5%.
Median Sold Price Compared To Nearby Cities
| Munroe Falls | $220K | $249.9K | +13.6% |
| Cuyahoga Falls | $190K | $210K | +10.5% |
| Stow | $249.3K | $260K | +4.3% |
| Tallmadge | $249.9K | $259.9K | +4.0% |
Housing Supply in Munroe Falls, OH
How many homes are available in Munroe Falls, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 13 | -27.8% |
Summary: The Munroe Falls real estate market had 13 homes for sale in April 2024, a 27.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 10 | 6 | -40.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Munroe Falls housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Munroe Falls, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Munroe Falls in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 81 Days | 19 Days | -76.5% |
Summary: Homes in Munroe Falls had an average of 19 days on market in Apr 2024, down by 76.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Munroe Falls are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Munroe Falls; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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