Why Live in Falls
Falls features a rural setting west of Scranton, characterized by its lack of traffic lights and small population of around 2,000 residents. The community's name originates from Buttermilk Falls, which historically powered mills before transitioning to an agricultural economy. Homes in Falls are spread out on a rural landscape, with gravel driveways and dirt roads leading to ranch homes, split-levels, and Colonial Revivals. Properties often feature woods, farms, and acre-plus lots, with century-old homes clustered closer together along Buttermilk Road in the Mill City area. Falls has a low crime risk area, safer than the national average. The neighborhood is connected by state highways, with Interstate 81 accessible in nearby Clarks Summit, making the 10-mile drive to Scranton about 20 minutes. Falls borders the Susquehanna River, offering boating and fishing opportunities, while Lake Winola provides a public ramp for powerboats, canoes, and kayaks. The Water Carnival in August invites boaters to decorate their vessels for a lake parade. Hikers can explore Peck Natural Area's old-growth pine forest trails. Local features include Endless Mountains Vineyards, Mountain Meads Co., and Mill City Dairy Bar, which has been serving homemade ice cream since the '60s. Marty’s Market offers produce and groceries just north of Falls, and residents are 5 miles from Clarks Summit and Tunkhannock for additional shopping options.
Frequently Asked Questions
What is the average home price in Falls, PA?
Homes for sale in Falls, PA have an average home price of $245,690.
Are home prices dropping in Falls?
Yes, home prices in Falls are down 18% in the last 12 months.
How many homes have sold over the last 12 months in Falls, PA?
9 homes have sold in Falls, PA over the last 12 months.
What are the most popular zip codes in Falls, PA?
How much do you need to make to afford a house in Falls?
The median home price in Falls is $219,900. If you put a 20% down payment of $44,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $1,140 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $49K a year to afford the median home price in Falls.
How are the schools in Falls, PA?
Home Trends in Falls, PA
On average, homes in Falls, PA sell after 17 days on the market compared to the national average of 50 days. The median sale price for homes in Falls, PA over the last 12 months is $160,000, down 40% from the median home sale price over the previous 12 months.
Median Sale Price
$160,000
Median Single Family Sale Price
$265,000
Average Price Per Sq Ft
$121
Number of Homes for Sale
2
Last 12 months Home Sales
9
Median List Price
$219,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-40%