Is Franklin County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Franklin County was a Neutral Market.
Housing Prices in Franklin County, IL
How much do homes in Franklin County, IL cost?
Median Sold Price
$87,500
$64/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Franklin County was $87,500 in April 2024, down 1.7% from last year, and the median price per square foot was $64.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $35K | $27.1K | -22.4% |
2 Bedrooms | $61K | $66K | +8.2% |
3 Bedrooms | $110.9K | $106K | -4.5% |
4 Bedrooms | $138.9K | $134.5K | -3.2% |
5+ Bedrooms | $225K | $210K | -6.7% |
Summary: Franklin County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.4%, 2 bedroom homes increased by 8.2%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 6.7%.
Median Sold Price Compared To Nearby Counties
Jefferson County | $125K | $140K | +12.0% |
Williamson County | $146.6K | $163.4K | +11.5% |
Franklin County | $89K | $87.5K | -1.7% |
Perry County | $105K | $98.5K | -6.2% |
Housing Supply in Franklin County, IL
How many homes are available in Franklin County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
159 | 157 | -1.3% |
Summary: The Franklin County real estate market had 157 homes for sale in April 2024, a 1.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 48 | 46 | -4.2% |
3 Bedrooms | 80 | 81 | +1.3% |
4 Bedrooms | 23 | 22 | -4.3% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Franklin County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 32 | +18.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Franklin County in April 2024, up by 18.5% month-over-month. Of the 32 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% were sold over asking.
Days on Market for Franklin County, IL
How long does it take to sell a home in Franklin County, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 52 Days | +59.2% |
Summary: Homes in Franklin County had an average of 52 days on market in Apr 2024, up by 59.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 32 homes were sold in Franklin County; 50% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.