Is Olmsted 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, 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
$241,000
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Olmsted Falls was $241,000 in April 2024, up 1.3% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139K | $138.2K | -0.5% |
2 Bedrooms | $177K | $203K | +14.7% |
3 Bedrooms | $237K | $235K | -0.8% |
4 Bedrooms | $299.5K | $343.7K | +14.8% |
5+ Bedrooms | $297.4K | $614.9K | +106.7% |
Summary: Olmsted Falls housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes increased by 14.7%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 106.7%.
Median Sold Price Compared To Nearby Cities
Berea | $196K | $228K | +16.3% |
Olmsted Township | $232.5K | $243.5K | +4.7% |
Columbia Station | $425K | $437K | +2.8% |
Olmsted Falls | $238K | $241K | +1.3% |
Housing Supply in Olmsted Falls, OH
How many homes are available in Olmsted Falls, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 33 | +10.0% |
Summary: The Olmsted Falls real estate market had 33 homes for sale in April 2024, a 10.0% increase 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 | 6 | 5 | -16.7% |
3 Bedrooms | 10 | 13 | +30.0% |
4 Bedrooms | 12 | 14 | +16.7% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Olmsted 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 16.7%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Olmsted Falls in April 2024, up by 12.5% month-over-month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 31 Days | -18.2% |
Summary: Homes in Olmsted Falls had an average of 31 days on market in Apr 2024, down by 18.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Olmsted Falls; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.