Is Newton Falls, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Newton Falls has remained a Seller's Market.
Housing Prices in Newton Falls, OH
How much do homes in Newton Falls, OH cost?
Median Sold Price
$145,000
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Newton Falls was $145,000 in May 2024, up 3.9% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $41K | $82.5K | +101.2% |
2 Bedrooms | $97.7K | $124.9K | +27.8% |
3 Bedrooms | $144K | $167K | +15.9% |
4 Bedrooms | $107.5K | $132.5K | +23.3% |
5+ Bedrooms | $223K | $149.5K | -33.0% |
Summary: Newton Falls housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 101.2%, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes decreased by 33%.
Median Sold Price Compared To Nearby Cities
Newton Township | $138K | $145K | +5.1% |
Newton Falls | $139.5K | $145K | +3.9% |
Housing Supply in Newton Falls, OH
How many homes are available in Newton Falls, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 22 | -18.5% |
Summary: The Newton Falls real estate market had 22 homes for sale in May 2024, a 18.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 17 | 13 | -23.5% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Newton Falls housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 12 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Newton Falls in May 2024, up by 100.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 19 Days | -35.3% |
Summary: Homes in Newton Falls had an average of 19 days on market in May 2024, down by 35.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Newton Falls; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.