Is Franklinton, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Franklinton has remained a Seller's Market.
Key Takeaway
Franklinton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Franklinton, OH
How much do homes in Franklinton, OH cost?
Median Sold Price
$201,500
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Franklinton has remained the same since last year.
Summary: The median home sold price in Franklinton was $201,500 in May 2024, down 0.5% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $100K | +25.0% |
| 2 Bedrooms | $145.5K | $159K | +9.3% |
| 3 Bedrooms | $224K | $212.2K | -5.3% |
| 4 Bedrooms | $276K | $190.5K | -31.0% |
| 5+ Bedrooms | $250K | $400K | +60.0% |
Summary: Franklinton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 9.3%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 31%, and 5+ bedroom homes increased by 60%.
Median Sold Price Compared To Nearby Neighborhoods
| Downtown Columbus | $347.5K | $347K | -0.1% |
| Franklinton | $202.5K | $201.5K | -0.5% |
Housing Supply in Franklinton, OH
How many homes are available in Franklinton, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 39 | +2.6% |
Summary: The Franklinton real estate market had 39 homes for sale in May 2024, a 2.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Franklinton 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklinton, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Franklinton in May 2024, down by 11.1% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 62 Days | 37 Days | -39.5% |
Summary: Homes in Franklinton had an average of 37 days on market in May 2024, down by 39.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 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 May 2024, 8 homes were sold in Franklinton; 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.