Is Franklin Park, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Franklin Park was a Seller's Market.
Key Takeaway
Franklin Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Franklin Park, OH
How much do homes in Franklin Park, OH cost?
Median Sold Price
$404,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Franklin Park have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in Franklin Park was $404,000 in May 2024, down 3.8% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $199.7K | $309.5K | +54.9% |
| 3 Bedrooms | $402.5K | $355K | -11.8% |
| 4 Bedrooms | $497.5K | $490K | -1.5% |
| 5+ Bedrooms | $498.7K | $590K | +18.3% |
Summary: Franklin Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 54.9%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 18.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Eastgate | $215.5K | $280K | +29.9% |
| Franklin Park | $420K | $404K | -3.8% |
Housing Supply in Franklin Park, OH
How many homes are available in Franklin Park, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 37 | +37.0% |
Summary: The Franklin Park real estate market had 37 homes for sale in May 2024, a 37.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Franklin Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Franklin Park in May 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Franklin Park, OH
How long does it take to sell a home in Franklin Park, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 38 Days | +41.9% |
Summary: Homes in Franklin Park had an average of 38 days on market in May 2024, up by 41.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Franklin Park are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Franklin Park; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.