Is New Franklin, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Franklin is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, New Franklin has remained a Seller's Market.

Key Takeaway

New Franklin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in New Franklin, OH cost?

Median Sold Price

$215,000

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$22,000(+11.4%)

Key Takeaway

Homes in New Franklin have sold for 11.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $234K$25.2K
-89.2%
2 $118K$129K
+9.3%
3 $187.2K$212K
+13.2%
4 $234.7K$265K
+12.9%
5+ $439.5K$273K
-37.9%

Median Sold Price Compared To Nearby Cities

Norton
+13.5%
Barberton
+13.0%
New Franklin
+11.4%
Lawrence Township
+6.8%
Coventry Township
+2.2%

How many homes are available in New Franklin, OH?

Number of Homes For Sale

Oct 2022Nov 2022%
42420.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 76
-14.3%
3 2525
0.0%
4 77
0.0%
5+ 34
+33.3%

Number of Homes Sold

Oct 2022Nov 2022%
713+85.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Franklin, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
42 Days39 Days-6.4%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in New Franklin are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About New Franklin, OH

New Franklin, OH has 42 homes for sale to choose from. In November 2022, listings were on the market for 39 days. During the same period, the median list price in this real estate market was $215,000. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went down by 89.2%, 2 bedrooms properties became 9.3% more expensive, prices of 3 bedrooms properties increased by 13.2%, 4 bedrooms properties prices increased by 12.9%, prices of 5 bedrooms properties decreased by 37.9%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 14.3% less available, the quantity of 3 bedrooms homes have not changed, the quantity of 4 bedrooms homes have not changed, the quantity of 5 bedrooms homes went up by 33.3%. While more than 1 listings in New Franklin, OH in November 2022 were sold above asking price, there were more than 3 listings sold at asking price, and more than 9 were sold below.

Related Housing Market Reports