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Thursday, October 17, 2024

How did home prices perform in Franklin during May 2021?

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The median sale price of a home sold in May 2021 in Franklin rose by $23,600 while total sales remained unchanged with 27 homes sold, according to BlockShopper.com.

In May 2021, there were 27 homes sold, with a median sale price of $163,500 - a 16.9% increase over the $139,900 median sale price for the same period of the previous year. There were 27 homes sold in Franklin in May 2020, as well.

The median sales tax in Franklin for the most recent year with available data, 2018, was $1,890, approximately 1.2% of the median home sale price for May 2021.

The following table compares Franklin to other Warren County cities with similar median sale prices in May 2021:

CityMay 2021 Home SalesMay 2020 Home Sales% change (Total Home Sales)May 2021 Median Sales PriceMay 2020 Median Sales Price% change (Median Sales Price)
Blanchester110%$262,000$260,0000.8%
Mason474114.6%$235,000$254,900-7.8%
Springboro2536-30.6%$235,000$254,950-7.8%
Corwin21100%$220,500$220,0000.2%
Hunter3250%$203,000$154,00031.8%
Carlisle4333.3%$192,000$129,00048.8%
Pleasant Plain12-50%$165,000$178,900-7.8%
Franklin27270%$163,500$139,90016.9%
Maineville10-$150,000$0-
Loveland Park42100%$117,500$223,250-47.4%
South Lebanon52150%$109,109$345,000-68.4%

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