Is Franklin County, KY 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.
Housing Prices in Franklin County, KY
How much do homes in Franklin County, KY cost?
Median Sold Price
$230,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Franklin County was $230,000 in April 2024, down 0.1% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $96K | $157.7K | +64.3% |
2 Bedrooms | $151K | $155K | +2.6% |
3 Bedrooms | $229.9K | $235K | +2.2% |
4 Bedrooms | $282.5K | $275K | -2.7% |
5+ Bedrooms | $394.7K | $358.5K | -9.2% |
Summary: Franklin County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.3%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 9.2%.
Median Sold Price Compared To Nearby Counties
Henry County | $210K | $240K | +14.3% |
Woodford County | $310K | $339.7K | +9.6% |
Anderson County | $229.9K | $242.5K | +5.5% |
Shelby County | $295.3K | $306.8K | +3.9% |
Franklin County | $230.2K | $230K | -0.1% |
Housing Supply in Franklin County, KY
How many homes are available in Franklin County, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
160 | 182 | +13.8% |
Summary: The Franklin County real estate market had 182 homes for sale in April 2024, a 13.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 23 | 26 | +13.0% |
3 Bedrooms | 91 | 102 | +12.1% |
4 Bedrooms | 32 | 33 | +3.1% |
5+ Bedrooms | 10 | 17 | +70.0% |
Summary: The Franklin County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 70%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 56 | +21.7% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 56 homes were sold or pending in Franklin County in April 2024, up by 21.7% month-over-month. Of the 56 sold homes, 46% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for Franklin County, KY
How long does it take to sell a home in Franklin County, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 34 Days | -1.2% |
Summary: Homes in Franklin County had an average of 34 days on market in Apr 2024, down by 1.2% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 56 homes were sold in Franklin County; 64% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.