Is Franklin County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, 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, OH
How much do homes in Franklin County, OH cost?
Median Sold Price
$304,903
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Franklin County have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Franklin County was $304,903 in June 2024, up 5.9% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187K | $185K | -1.1% |
| 2 Bedrooms | $210.7K | $228K | +8.2% |
| 3 Bedrooms | $275.5K | $292.6K | +6.2% |
| 4 Bedrooms | $384.7K | $412.5K | +7.2% |
| 5+ Bedrooms | $612.5K | $585.1K | -4.5% |
Summary: Franklin County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 4.5%.
Median Sold Price Compared To Nearby Counties
| Madison County | $354.5K | $378.5K | +6.8% |
| Licking County | $287.3K | $306.9K | +6.8% |
| Fairfield County | $309.9K | $328.8K | +6.1% |
| Franklin County | $287.7K | $304.9K | +5.9% |
| Delaware County | $449.9K | $474.9K | +5.5% |
Housing Supply in Franklin County, OH
How many homes are available in Franklin County, OH?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 4,231 | 3,033 | -28.3% |
Summary: The Franklin County real estate market had 3,033 homes for sale in June 2024, a 28.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 98 | 78 | -20.4% |
| 2 Bedrooms | 836 | 637 | -23.8% |
| 3 Bedrooms | 2,030 | 1,390 | -31.5% |
| 4 Bedrooms | 1,052 | 755 | -28.2% |
| 5+ Bedrooms | 215 | 173 | -19.5% |
Summary: The Franklin County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20.4%, 2 bedroom homes decreased by 23.8%, 3 bedroom homes decreased by 31.5%, 4 bedroom homes decreased by 28.2%, and 5+ bedroom homes decreased by 19.5%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1,532 | 1,177 | -23.2% |
Asking Price vs. Sold Price
374 Homes Were Sold
Under Asking
212 Homes Were Sold
At Asking
591 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin County, you could pay more than the asking price. 50.2% of homes here sold above asking price last month.
Summary: A total of 1,177 homes were sold or pending in Franklin County in June 2024, down by 23.2% month-over-month. Of the 1,177 sold homes, 32% were sold under asking, 18% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 13 Days | 21 Days | +54.9% |
Summary: Homes in Franklin County had an average of 21 days on market in Jun 2024, up by 54.9% compared to last year.
Breakdown of Home Sale Times
946 Homes Were Sold
Under 30 Days
185 Homes Were Sold
In 30 - 90 Days
46 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Franklin County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 1177 homes were sold in Franklin County; 80% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is 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. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
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
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