New - 2 hours on Rocket
$3,086 Closing Credit¹
#5097972, Andrew Minton, Listing Office: M. C. Real Estate
New Franklin Housing Market Report January 2025•Summit County, Ohio
Housing Prices in New Franklin, OH
How much do homes in New Franklin, OH cost?
Housing Market Conditions
Is New Franklin, OH a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
New Franklin is a Seller's Market
Difference Since January 2024
At the same time last year, New Franklin was a Neutral Market.
Insight
New Franklin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$259,950$152/SqFt
+$34,950
+15.5%
Based on all homes sold in the last 12 months
Insight
Homes in New Franklin have sold for 15.5% more than they did a year ago.
Summary: The median home sold price in New Franklin was $259,950 in January 2025, up 15.5% from last year, and the median price per square foot was $152.
Median Sold Price By City
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| New Franklin | $225K | $259.9K | +15.5% |
| Lawrence Township | $229.4K | $250K | +9.0% |
| Barberton | $145K | $155K | +6.9% |
| Norton | $230K | $244K | +6.1% |
| Coventry Township | $199.9K | $209.2K | +4.7% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $200K | $172.1K | -13.9% |
| 33 Bedrooms | $221.5K | $240.1K | +8.4% |
| 44 Bedrooms | $295.5K | $280K | -5.2% |
| 55+ Bedrooms | $240K | $382.5K | +59.4% |
Summary: New Franklin housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -13.9%. The home price for 3 bedroom homes increased by +8.4%. The home price for 4 bedroom homes decreased by -5.2%. The home price for 5 bedroom homes increased by +59.4%.
Housing supply in New Franklin, OH
How many homes are available in New Franklin, OH?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 29Last MonthJan 2025 | ||
| 332 months agoDec 2024 | -12.1 % Change MoMDec – Jan |
Summary: The New Franklin real estate market had 29 homes for sale in Jan 2025, a 12.1 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 8Last MonthJan 2025 | ||
| 92 months agoDec 2024 | -11.1 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 5 | 5 | 0.0% |
| 33 Bedrooms | 19 | 14 | -26.3% |
| 44 Bedrooms | 8 | 9 | +12.5% |
| 55+ Bedrooms | 1 | 1 | 0.0% |
Summary: New Franklin housing inventory by bedroom type for January 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 -26.3%. The inventory for 4 bedroom homes increased by +12.5%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in New Franklin, OH cost?
Over Asking Price5 Homes
At Asking Price0 Home
Under Asking Price3 Homes
Insight
If you're buying a home in New Franklin, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in New Franklin in January 2025, down by 11.1% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and and 63% were sold over asking.
Days on Market for New Franklin, OH
How long does it take to sell a home in New Franklin, OH?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days3 Homes
Over 90 Days3 Homes
Insight
Avg time on Rocket Homes in New Franklin has remained consistent over time.
Summary: During January 2025, 8 homes were sold in New Franklin; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 61 DaysThis YearJan 2025 | ||
| 18 Days1 year agoJan 2024 | +236.3 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in New Franklin had an average listing age of 61 days in Jan 2025, up by 236.3% compared to the previous year.
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Newest Listings in New Franklin, OH
What homes are available in New Franklin, OH?
New - 3 days on Rocket
$6,827 Closing Credit¹
#5097417, John P Scaglione, Listing Office: Coldwell Banker Schmidt Realty
New - 5 days on RocketBackup offers
$3,561 Closing Credit¹
#5097010, Dayna Edwards, Listing Office: EXP Realty, LLC.
Backup offers
$2,613 Closing Credit¹
#5096050, James Parsons, Listing Office: HomeSmart Real Estate Momentum LLC
$2,375 Closing Credit¹
#5092411, Derrick T Bailey, Listing Office: RE/MAX Trends Realty
$2,719 Closing Credit¹
#5091167, Bob Young, Listing Office: Kiko
Backup offers
$3,407 Closing Credit¹
#5091165, Debra G Shreiner, Listing Office: Helen Scott Realty LLC
$1,057 Closing Credit¹
#5090559, Christopher C Kaylor, Listing Office: Realty Trust Services, LLC
Backup offers
$2,019 Closing Credit¹
#5090051, Eric Cooper, Listing Office: Coldwell Banker Schmidt Realty
Backup offers
$2,126 Closing Credit¹
#5089647, John P Scaglione, Listing Office: Coldwell Banker Schmidt Realty
$588 Closing Credit¹
#5089347, Kristen Fischer, Listing Office: Keller Williams Chervenic Rlty
$7,124 Closing Credit¹
#5085942, James O Babcock, Listing Office: Cutler Real Estate
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MLS Disclaimers and Copyright
Based on information from MLS Now, for the period 02/01/2023 - 02/01/2025
Copyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/3/2025, 5:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.