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
$230,000
$154/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 $230,000 in May 2024, up 15% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $122.5K | $110K | -10.2% |
2 Bedrooms | $129K | $159.9K | +24.0% |
3 Bedrooms | $200K | $220.6K | +10.3% |
4 Bedrooms | $346.5K | $318K | -8.2% |
5+ Bedrooms | $391.3K | $288K | -26.4% |
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 10.2%, 2 bedroom homes increased by 24%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes decreased by 26.4%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $200K | $230K | +15.0% |
Prairie Township | $225K | $251K | +11.6% |
Columbus | $262.2K | $279.7K | +6.7% |
Norwich Township | $384K | $400.4K | +4.3% |
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 |
---|---|---|
83 | 109 | +31.3% |
Summary: The Franklin Township real estate market had 109 homes for sale in May 2024, a 31.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 15 | 20 | +33.3% |
3 Bedrooms | 42 | 53 | +26.2% |
4 Bedrooms | 19 | 28 | +47.4% |
5+ Bedrooms | 7 | 7 | 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 increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 26.2%, 4 bedroom homes increased by 47.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 28 | -6.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Franklin Township in May 2024, down by 6.7% month-over-month. Of the 28 sold homes, 39% were sold under asking, 36% were sold at asking, and 25% 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 |
---|---|---|
31 Days | 36 Days | +17.4% |
Summary: Homes in Franklin Township had an average of 36 days on market in May 2024, up by 17.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Franklin Township; 46% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.