$3,977 Closing Credit*
$334,900
3 Beds
•2 Full Baths
Lisa A Goris-May, Listing Office: Glasshouse Realty Group
Is Franklin, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Franklin has remained a Seller's Market.
Key Takeaway
Franklin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Franklin, OH
How much do homes in Franklin, OH cost?
Median Sold Price
$264,666
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,766(+8.1%)
Key Takeaway
Homes in Franklin have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Franklin was $264,666 in November 2024, up 8.1% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | - | N/A |
| 2 Bedrooms | $140.2K | $160K | +14.1% |
| 3 Bedrooms | $230K | $238K | +3.5% |
| 4 Bedrooms | $325K | $350K | +7.7% |
| 5+ Bedrooms | $402.6K | $318K | -21.0% |
Summary: Franklin housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 21%.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $249.4K | $272.6K | +9.3% |
| Franklin | $244.9K | $264.6K | +8.1% |
| Carlisle | $260K | $272.5K | +4.8% |
| Clear Creek Township | $416K | $433.7K | +4.3% |
| Springboro | $380K | $385K | +1.3% |
Housing Supply in Franklin, OH
How many homes are available in Franklin, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 80 | 74 | -7.5% |
Summary: The Franklin real estate market had 74 homes for sale in November 2024, a 7.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 46 | 44 | -4.3% |
| 4 Bedrooms | 19 | 16 | -15.8% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Franklin housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 23 | +15.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin, you may be able to get a good deal. 65.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Franklin in November 2024, up by 15.0% month-over-month. Of the 23 sold homes, 65% were sold under asking, 22% were sold at asking, and 13% were sold over asking.
Days on Market for Franklin, OH
We’re sorry, we don't have information for this market at the moment
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 DABR MLS. All Rights Reserved
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Copyright ©2024 by the Multiple Listing Service of Greater Cincinnati, Inc. All rights reserved. For the most current information, contact your Broker.