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Featured local agent — New Franklin, OH
Sarah Mitchell
Compass Real Estate · New Franklin, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Franklin, OH Housing Market & Real Estate
Housing market overview · Updated monthly ·
$302,749median sale price
How is the New Franklin, OH housing market right now?
The median home sale price in New Franklin, OH is $302,749, up 24.8% year-over-year. Homes sell in an average of 28 days with 17 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is New Franklin a buyer's or seller's market?
New Franklin, OH is currently a strong seller's market, based on 1.9 months of supply and homes selling in about 28 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
28
Average pace
Active listings
17
1.9 months supply
Sale-to-list
101.7%
Above asking
What does the New Franklin housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $302,749 |
| Median list price | $298,000 |
| Year-over-year price change | +24.8% |
| Average days on market | 28 days |
| Active inventory | 17 listings |
| Months of supply | 1.9 months |
| Sale-to-list price ratio | 101.7% |
| Median price per sq ft | $153/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 19 |
| Listings with a price cut | 29.4% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in New Franklin by property type?
How the New Franklin, OH market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $302,749 | $153/sq ft | 9 | 28 days |
Source: Redfin · Updated monthly
The New Franklin housing market is currently classified as a strong seller's market with a median sale price of $302,749. Prices have risen 24.8% compared to last year, with homes spending an average of 28 days on market, indicating 1.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in New Franklin
There are currently 17 homes listed for sale in New Franklin, Ohio. The median listing price is $298K.
Active listings
17
Homes on market
Median list price
$298K
Avg. days on market
28
Days until sale
New this week
19
Newly listed
Who lives in New Franklin?
Population
13,830
Median income
$88,306/yr
Median age
47.5 years
Owner-occupied
87.1%
College grads
24.0%
Avg commute
25 min
Source: U.S. Census Bureau ACS
What is it like to live in New Franklin?
New Franklin is a community of approximately 14K residents with a median age of 47.5 years.The median household income is $88,306, which reflects a relatively affluent area with strong earning potential. 24.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 87.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 25 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, New Franklin offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near New Franklin, OH?
Want a head-to-head view? Compare New Franklin side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in New Franklin?
The median home sale price in New Franklin is $302,749, up 24.8% from last year.
How long do homes stay on market in New Franklin?
Homes typically spend 28 days on market before going under contract.
What is the median income in New Franklin?
The median household income is $88,306 per year.
Is New Franklin a buyer's or seller's market?
With 1.9 months of supply, New Franklin is currently a strong seller's market.
How much does a single-family home cost in New Franklin?
The median single-family home price in New Franklin, OH is $302,749 (about $153 per square foot).
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