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Friday, October 18, 2024

Franklin home prices rise in November 2020

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The median sale price of a home sold in November 2020 in Franklin rose by $22,050 while total sales decreased by 8.8%, according to BlockShopper.com.

In November 2020, there were 31 homes sold, with a median sale price of $145,000 - a 17.9% increase over the $122,950 median sale price for the same period of the previous year. There were 34 homes sold in Franklin in November 2019.

The median sales tax in Franklin for the most recent year with available data, 2018, was $1,890, approximately 1.3% of the median home sale price for November 2020.

The following table compares Franklin to other Warren County cities with similar median sales prices in November 2020:

CityNov. 2020 Home SalesNov. 2019 Home Sales% change (Total Home Sales)Nov. 2020 Median Sales PriceNov. 2019 Median Sales Price% change (Median Sales Price)
Pleasant Plain24-50%$273,500$202,912.5034.8%
Landen161323.1%$257,500$237,9008.2%
Waynesville181428.6%$252,250$314,950.50-19.9%
Lebanon3744-15.9%$240,500$220,0009.3%
Mason4547-4.3%$240,000$238,5000.6%
Morrow2128-25%$235,000$243,950-3.7%
Hunter42100%$187,500$121,69054.1%
South Lebanon6450%$169,427.50$78,500115.8%
Carlisle105100%$157,450$155,0001.6%
Harveysburg110%$150,000$219,000-31.5%
Franklin3134-8.8%$145,000$122,95017.9%

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