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Is New Franklin, MO 65274 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

New Franklin is a seller’s market. With about 0.6 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply0.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list—Sold price ÷ list price
Median days on market21Listing to accepted offer
Median price per sq ft$139▲ +30.4% vs. last year

The New Franklin housing market right now

In the three months ending August 31, 2026, 0% of homes in New Franklin, MO 65274 sold above their list price, the typical home went under contract in 21 days and there were 0.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 10 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (32 days then) and the median sale price fell 33% to $179,622. Overall, New Franklin is more competitive than a year ago, so tougher for buyers.

Within Howard County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Run the numbers for 65274

Prefilled for 65274Can I win this house?Multiple-offer likelihood for a listing Prefilled for 65274Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Armstrong 65230Seller’s market $65 /sq ftFayette 65248Seller’s market $129 /sq ftFranklin 65250 $265 /sq ftGlasgow 65254Seller’s market $149 /sq ft Browse all markets →

Towns like New Franklin nearby

Find towns like New Franklin in other states →
Pilot Grove, MO65276 · 15 miles away92% similarpricier homes ($28K more) Smithton, MO65350 · 32 miles away89% similarpricier homes ($40K more) Russellville, MO65074 · 40 miles away87% similarVery close on income, prices and more Keytesville, MO65261 · 33 miles away85% similar7 min shorter commute

Where New Franklin is

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Questions about New Franklin real estate

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

A seller’s market: there were 0.6 months of supply in New Franklin, MO 65274 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in New Franklin?

The typical home went under contract in 21 days in the latest three months.

Do homes in New Franklin sell over asking?

0% of homes sold above their original list price.

What are property taxes in New Franklin?

About 0.77% of a home’s value a year in Howard County, or roughly $3,080 on a $400,000 home.

What is the median home price in New Franklin?

The median sale price was $179,622 in the three months ending August 31, 2026, about $139 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology