$65,000
0.19 Acres
Land
Nikki M Fanizzi, Listing Office: RE/MAX Trends Realty
Is Munroe Falls, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$255,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,150(+10.0%)
Key Takeaway
Homes in Munroe Falls have sold for 10% more than they did a year ago.
Summary: The median home sold price in Munroe Falls was $255,000 in October 2024, up 10% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $179.8K | $220K | +22.3% |
| 3 Bedrooms | $229.9K | $250K | +8.7% |
| 4 Bedrooms | $316.2K | $330K | +4.3% |
| 5+ Bedrooms | $247.5K | $419.4K | +69.5% |
Summary: Munroe Falls housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.3%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 69.5%.
Median Sold Price Compared To Nearby Cities
| Munroe Falls | $231.8K | $255K | +10.0% |
| Cuyahoga Falls | $203.2K | $214.2K | +5.4% |
| Tallmadge | $251.5K | $264K | +5.0% |
| Stow | $253.5K | $261.5K | +3.2% |
Housing Supply in Munroe Falls, OH
How many homes are available in Munroe Falls, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Summary: The Munroe Falls real estate market had 9 homes for sale in October 2024, a 18.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Munroe Falls housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Munroe Falls, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Munroe Falls in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 49 Days | +133.3% |
Summary: Homes in Munroe Falls had an average of 49 days on market in Oct 2024, up by 133.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Munroe Falls are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Munroe Falls; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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