Olmsted Falls's real estate market is currently hot with low inventory and high demand. Home prices have increased 40.8% in the past month alone. At the current pace, all available homes in Olmsted Falls would sell out in just 0.7 months, indicating a continued supply shortage. Properties are selling within just 8 days on average, much faster than the historical norm of 42 days. The majority of homes (66.7%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Olmsted Falls market with the affordability index at 146.7. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.