Is Franklinton, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Franklinton was a Seller's Market.
Key Takeaway
Franklinton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Franklinton, OH
How much do homes in Franklinton, OH cost?
Median Sold Price
$210,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Franklinton have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Franklinton was $210,000 in April 2024, up 5.5% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $99K | - | N/A |
| 2 Bedrooms | $142.5K | $159K | +11.6% |
| 3 Bedrooms | $220K | $218.6K | -0.6% |
| 4 Bedrooms | $276K | $233K | -15.6% |
| 5+ Bedrooms | $165K | $400K | +142.4% |
Summary: Franklinton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.6%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes increased by 142.4%.
Median Sold Price Compared To Nearby Neighborhoods
| River South District | $360K | $574.8K | +59.7% |
| Franklinton | $199K | $210K | +5.5% |
| Downtown Columbus | $345K | $350K | +1.4% |
Housing Supply in Franklinton, OH
How many homes are available in Franklinton, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 70 | 75 | +7.1% |
Summary: The Franklinton real estate market had 75 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 14 | 19 | +35.7% |
| 3 Bedrooms | 40 | 40 | 0.0% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Franklinton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 35.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklinton, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Franklinton in April 2024, up by 28.6% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for Franklinton, OH
How long does it take to sell a home in Franklinton, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 20 Days | +37.9% |
Summary: Homes in Franklinton had an average of 20 days on market in Apr 2024, up by 37.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Franklinton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Franklinton; 78% of homes were sold within 30 days, 22% 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.