Is Franklin Township, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Franklin Township was a Neutral Market.
Housing Prices in Franklin Township, AR
How much do homes in Franklin Township, AR cost?
Median Sold Price
$249,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Franklin Township was $249,000 in March 2024, up 0.6% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70K | $145.2K | +107.5% |
2 Bedrooms | $231.7K | $190K | -18.0% |
3 Bedrooms | $280K | $258.2K | -7.8% |
4 Bedrooms | $277.5K | $273K | -1.6% |
5+ Bedrooms | - | $535K | N/A |
Summary: Franklin Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 107.5%, 2 bedroom homes decreased by 18%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Beaver Township | $203.9K | $278K | +36.3% |
Franklin Township | $247.5K | $249K | +0.6% |
Housing Supply in Franklin Township, AR
How many homes are available in Franklin Township, AR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 18 | +28.6% |
Summary: The Franklin Township real estate market had 18 homes for sale in March 2024, a 28.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Franklin Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Franklin Township in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Franklin Township, AR
How long does it take to sell a home in Franklin Township, AR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
135 Days | 67 Days | -50.2% |
Summary: Homes in Franklin Township had an average of 67 days on market in Mar 2024, down by 50.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Franklin Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.