Is Falls Township, 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, Falls Township has remained a Seller's Market.
Housing Prices in Falls Township, OH
How much do homes in Falls Township, OH cost?
Median Sold Price
$263,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Falls Township was $263,000 in May 2024, up 16.9% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50K | $149.9K | +199.8% |
2 Bedrooms | $142K | $169.5K | +19.4% |
3 Bedrooms | $224.5K | $266K | +18.5% |
4 Bedrooms | $320K | $325K | +1.6% |
5+ Bedrooms | $410K | $299K | -27.1% |
Summary: Falls Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 199.8%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 27.1%.
Median Sold Price Compared To Nearby Cities
Washington Township | $204.5K | $245K | +19.8% |
Falls Township | $225K | $263K | +16.9% |
Zanesville | $165K | $179.1K | +8.5% |
Muskingum Township | $303K | $312K | +3.0% |
Hopewell Township | $282K | $280K | -0.7% |
Housing Supply in Falls Township, OH
How many homes are available in Falls Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 30 | +15.4% |
Summary: The Falls Township real estate market had 30 homes for sale in May 2024, a 15.4% increase 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 | 5 | 3 | -40.0% |
3 Bedrooms | 15 | 21 | +40.0% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Falls Township 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 40%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 8 | -27.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Falls Township in May 2024, down by 27.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Falls Township, OH
How long does it take to sell a home in Falls Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
45 Days | 48 Days | +7.0% |
Summary: Homes in Falls Township had an average of 48 days on market in May 2024, up by 7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Falls Township; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.