Is Franklin Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Franklin Township has remained a Seller's Market.
Housing Prices in Franklin Township, OH
How much do homes in Franklin Township, OH cost?
Median Sold Price
$265,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Franklin Township was $265,000 in May 2024, up 12.9% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $480K | $110K | -77.1% |
2 Bedrooms | $127.5K | $161K | +26.3% |
3 Bedrooms | $225K | $240K | +6.7% |
4 Bedrooms | $375K | $325K | -13.3% |
5+ Bedrooms | $391.3K | $370K | -5.5% |
Summary: Franklin Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 77.1%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $234.6K | $265K | +12.9% |
Wooster Township | $225K | $233K | +3.6% |
Housing Supply in Franklin Township, OH
How many homes are available in Franklin Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
65 | 79 | +21.5% |
Summary: The Franklin Township real estate market had 79 homes for sale in May 2024, a 21.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 32 | 39 | +21.9% |
4 Bedrooms | 16 | 22 | +37.5% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Franklin Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 21.9%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 18 | -25.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Franklin Township in May 2024, down by 25.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 39% were sold at asking, and 17% were sold over asking.
Days on Market for Franklin Township, OH
How long does it take to sell a home in Franklin Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
43 Days | 47 Days | +9.5% |
Summary: Homes in Franklin Township had an average of 47 days on market in May 2024, up by 9.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Franklin Township; 28% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.