New Franklin Housing Market Report April 2025•Howard County, Missouri

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Housing Prices in New Franklin, MO

How much do homes in New Franklin, MO cost?

Housing Market Conditions

Is New Franklin, MO a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

New Franklin is a Seller's Market

Difference Since March 2025

Last month, New Franklin has remained a Seller's Market.

Insight

New Franklin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$750,000$173/SqFt
+$595,000
+383.9%

Based on all homes sold in April 2025

Insight

Homes in New Franklin have sold for 383.9% more than they did a month ago.

Summary: The median home sold price in New Franklin was $750,000 in April 2025, up 383.9% from last month, and the median price per square foot was $173.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2025Apr 2025Change MoM
1--
N/A
2--
N/A
3$155K-
N/A
4--
N/A
5-$750K
N/A

Summary: New Franklin housing price by bedroom type for April 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does New Franklin, MO compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

New Franklin, MO

Housing supply in New Franklin, MO

How many homes are available in New Franklin, MO?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
1Last MonthApr 2025
22 months agoMar 2025
-50.0 %
Change MoMMar – Apr

Summary: The New Franklin real estate market had 1 homes for sale in Apr 2025, a 50.0 % decrease compared to Mar 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
1Last MonthApr 2025
12 months agoMar 2025
0.0 %
Change MoMMar – Apr

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMar 2025Apr 2025Change MoM
100
0.0%
200
0.0%
310
-100.0%
400
0.0%
511
0.0%

Summary: New Franklin housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -100.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in New Franklin, MO cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price0 Home

Under Asking Price0 Home

Insight

If you're buying a home in New Franklin, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in New Franklin in April 2025, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.

Days on Market for New Franklin, MO

How long does it take to sell a home in New Franklin, MO?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in New Franklin are selling fast, if you're buying plan to act quickly.

Summary: During April 2025, 1 homes were sold in New Franklin; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
0 DaysLast MonthApr 2025
47 Days1 month agoMar 2025
-100.0 %
Change MoMMar – Apr

Summary: Homes in New Franklin had an average listing age of 0 days in Apr 2025, down by 100.0% compared to the previous month.

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Newest Listings in New Franklin, MO

What homes are available in New Franklin, MO?

New listings aren’t available for New Franklin, MO

Nearby markets

Nearby markets aren't available for New Franklin, MO

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