Is Franklin Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Franklin Township has remained a Seller's Market.
Housing Prices in Franklin Township, IN
How much do homes in Franklin Township, IN cost?
Median Sold Price
$273,166
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Franklin Township was $273,166 in April 2024, up 11.5% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $286.3K | $105K | -63.3% |
2 Bedrooms | $169.8K | $186.2K | +9.6% |
3 Bedrooms | $235.7K | $255K | +8.2% |
4 Bedrooms | $305K | $317K | +3.9% |
5+ Bedrooms | $427.8K | $400K | -6.5% |
Summary: Franklin Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 63.3%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 6.5%.
Median Sold Price Compared To Nearby Cities
Nineveh Township | $265K | $334.7K | +26.3% |
Franklin Township | $245K | $273.1K | +11.5% |
Franklin | $251.3K | $272.7K | +8.5% |
Needham Township | $299.7K | $299.9K | 0.1% |
Whiteland | $290K | $268K | -7.6% |
Housing Supply in Franklin Township, IN
How many homes are available in Franklin Township, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
102 | 114 | +11.8% |
Summary: The Franklin Township real estate market had 114 homes for sale in April 2024, a 11.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 11 | -8.3% |
3 Bedrooms | 60 | 62 | +3.3% |
4 Bedrooms | 24 | 34 | +41.7% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Franklin Township 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 8.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 34 | +9.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Franklin Township in April 2024, up by 9.7% month-over-month. Of the 34 sold homes, 44% were sold under asking, 32% were sold at asking, and 24% were sold over asking.
Days on Market for Franklin Township, IN
How long does it take to sell a home in Franklin Township, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 25 Days | -20.6% |
Summary: Homes in Franklin Township had an average of 25 days on market in Apr 2024, down by 20.6% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in Franklin Township; 76% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.