Is Franklin County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$302,708
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Franklin County have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Franklin County was $302,708 in April 2024, up 6.2% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $189.8K | -0.1% |
| 2 Bedrooms | $209.9K | $230K | +9.5% |
| 3 Bedrooms | $274.9K | $290K | +5.5% |
| 4 Bedrooms | $381.3K | $409.9K | +7.5% |
| 5+ Bedrooms | $611.2K | $598.3K | -2.1% |
Summary: Franklin County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 2.1%.
Median Sold Price Compared To Nearby Counties
| Fairfield County | $300.4K | $326.9K | +8.8% |
| Madison County | $345.9K | $369.1K | +6.7% |
| Delaware County | $441K | $469.1K | +6.4% |
| Franklin County | $284.9K | $302.7K | +6.2% |
| Licking County | $291.9K | $299.9K | +2.7% |
Housing Supply in Franklin County, OH
How many homes are available in Franklin County, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4,889 | 5,419 | +10.8% |
Summary: The Franklin County real estate market had 5,419 homes for sale in April 2024, a 10.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 128 | 131 | +2.3% |
| 2 Bedrooms | 1,045 | 1,143 | +9.4% |
| 3 Bedrooms | 2,293 | 2,523 | +10.0% |
| 4 Bedrooms | 1,174 | 1,345 | +14.6% |
| 5+ Bedrooms | 249 | 277 | +11.2% |
Summary: The Franklin County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 11.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,105 | 1,239 | +12.1% |
Asking Price vs. Sold Price
376 Homes Were Sold
Under Asking
253 Homes Were Sold
At Asking
610 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin County, you could pay more than the asking price. 49.2% of homes here sold above asking price last month.
Summary: A total of 1,239 homes were sold or pending in Franklin County in April 2024, up by 12.1% month-over-month. Of the 1,239 sold homes, 30% were sold under asking, 20% were sold at asking, and 49% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 20 Days | +21.8% |
Summary: Homes in Franklin County had an average of 20 days on market in Apr 2024, up by 21.8% compared to last year.
Breakdown of Home Sale Times
1,041 Homes Were Sold
Under 30 Days
124 Homes Were Sold
In 30 - 90 Days
74 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 April 2024, 1239 homes were sold in Franklin County; 84% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 6% 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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