Is Franklin County, 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, Franklin County has remained a Seller's Market.
Housing Prices in Franklin County, OH
How much do homes in Franklin County, OH cost?
Median Sold Price
$304,773
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Franklin County was $304,773 in May 2024, up 6.4% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $189.9K | $187.7K | -1.1% |
2 Bedrooms | $209.9K | $229.6K | +9.4% |
3 Bedrooms | $274.9K | $290.7K | +5.7% |
4 Bedrooms | $381.8K | $414.4K | +8.5% |
5+ Bedrooms | $615K | $599.2K | -2.6% |
Summary: Franklin County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Counties
Fairfield County | $308.3K | $329.9K | +7.0% |
Madison County | $351.1K | $374.1K | +6.5% |
Franklin County | $286.3K | $304.7K | +6.4% |
Delaware County | $447.6K | $469.6K | +4.9% |
Licking County | $290.7K | $302.8K | +4.2% |
Housing Supply in Franklin County, OH
How many homes are available in Franklin County, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3,945 | 4,489 | +13.8% |
Summary: The Franklin County real estate market had 4,489 homes for sale in May 2024, a 13.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 91 | 101 | +11.0% |
2 Bedrooms | 839 | 895 | +6.7% |
3 Bedrooms | 1,848 | 2,135 | +15.5% |
4 Bedrooms | 989 | 1,122 | +13.4% |
5+ Bedrooms | 178 | 236 | +32.6% |
Summary: The Franklin County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 32.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,269 | 1,457 | +14.8% |
Asking Price vs. Sold Price
417 Homes Were Sold
Under Asking
308 Homes Were Sold
At Asking
732 Homes Were Sold
Over Asking
Summary: A total of 1,457 homes were sold or pending in Franklin County in May 2024, up by 14.8% month-over-month. Of the 1,457 sold homes, 29% were sold under asking, 21% were sold at asking, and 50% were sold over asking.
Days on Market for Franklin County, OH
How long does it take to sell a home in Franklin County, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 24 Days | +76.9% |
Summary: Homes in Franklin County had an average of 24 days on market in May 2024, up by 76.9% compared to last year.
Breakdown of Home Sale Times
1,100 Homes Were Sold
Under 30 Days
288 Homes Were Sold
In 30 - 90 Days
69 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1457 homes were sold in Franklin County; 75% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.