Is Franklin Township, OH 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, OH
How much do homes in Franklin Township, OH cost?
Median Sold Price
$265,000
$158/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 $265,000 in April 2024, up 30.9% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $480K | $110K | -77.1% |
2 Bedrooms | $160K | $162K | +1.3% |
3 Bedrooms | $200K | $242.5K | +21.3% |
4 Bedrooms | $260K | $340K | +30.8% |
5+ Bedrooms | $420.2K | $288K | -31.5% |
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 77.1%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes decreased by 31.5%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $202.5K | $265K | +30.9% |
Mansfield | $175K | $206K | +17.7% |
Mansfield Township | $175K | $206K | +17.7% |
Jackson Township | $230K | $190K | -17.4% |
Housing Supply in Franklin Township, OH
How many homes are available in Franklin Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
75 | 72 | -4.0% |
Summary: The Franklin Township real estate market had 72 homes for sale in April 2024, a 4.0% decrease 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 | 15 | 10 | -33.3% |
3 Bedrooms | 31 | 33 | +6.5% |
4 Bedrooms | 24 | 24 | 0.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
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 33.3%, 3 bedroom homes increased by 6.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 23 | -4.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Franklin Township in April 2024, down by 4.2% month-over-month. Of the 23 sold homes, 61% were sold under asking, 26% were sold at asking, and 13% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
71 Days | 67 Days | -5.8% |
Summary: Homes in Franklin Township had an average of 67 days on market in Apr 2024, down by 5.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Franklin Township; 22% of homes were sold within 30 days, 61% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.