Is Franklin County, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Franklin County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Franklin County has remained a Seller's Market.

Key Takeaway

Franklin County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Franklin County, MO

How much do homes in Franklin County, MO cost?

Median Sold Price

$760,000

$214/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$190,000(-20.0%)

Key Takeaway

Homes in Franklin County have sold for 20% less than they did a month ago.

Summary: The median home sold price in Franklin County was $760,000 in October 2024, down 20% from last month, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $950K$395K
-58.4%
5+ -$1.1M
N/A

Summary: Franklin County housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 58.4%, and 5+ bedroom homes did not change.

Housing Supply in Franklin County, MO

How many homes are available in Franklin County, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
404439+8.7%

Summary: The Franklin County real estate market had 439 homes for sale in October 2024, a 8.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1010
0.0%
2 6462
-3.1%
3 221241
+9.0%
4 8395
+14.5%
5+ 2631
+19.2%

Summary: The Franklin County 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 decreased by 3.1%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 19.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
8096+20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Franklin County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 96 homes were sold or pending in Franklin County in October 2024, up by 20.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Franklin County, MO

How long does it take to sell a home in Franklin County, MO?

Average Sale Time

Sep 2024Oct 2024CHANGE
46 Days65 Days+38.7%

Summary: Homes in Franklin County had an average of 65 days on market in Oct 2024, up by 38.7% compared to last month.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

46 Homes Were Sold
In 30 - 90 Days

23 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Franklin County has remained consistent over time.

Summary: During October 2024, 96 homes were sold in Franklin County; 28% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Franklin County, MO

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What housing markets are near Franklin County, MO?