Is Franklin Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Franklin Township was a Neutral Market.
Housing Prices in Franklin Township, IA
How much do homes in Franklin Township, IA cost?
Median Sold Price
$327,750
$209/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 $327,750 in April 2024, up 7.5% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $335K | - | N/A |
2 Bedrooms | $220K | $197.5K | -10.2% |
3 Bedrooms | $275K | $288.5K | +4.9% |
4 Bedrooms | $369K | $411K | +11.4% |
5+ Bedrooms | $457.5K | $440K | -3.8% |
Summary: Franklin Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.2%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Cities
Gilbert | $300.7K | $398.5K | +32.5% |
Ames | $272.5K | $309.9K | +13.7% |
Franklin Township | $305K | $327.7K | +7.5% |
Washington Township | $250K | $268.2K | +7.3% |
Housing Supply in Franklin Township, IA
How many homes are available in Franklin Township, IA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 48 | -18.6% |
Summary: The Franklin Township real estate market had 48 homes for sale in April 2024, a 18.6% 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 | 5 | 5 | 0.0% |
3 Bedrooms | 14 | 13 | -7.1% |
4 Bedrooms | 29 | 20 | -31.0% |
5+ Bedrooms | 11 | 10 | -9.1% |
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 remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 31%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 12 | -29.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Franklin Township in April 2024, down by 29.4% month-over-month. Of the 12 sold homes, 92% were sold under asking, 0% were sold at asking, and 8% were sold over asking.
Days on Market for Franklin Township, IA
How long does it take to sell a home in Franklin Township, IA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
5 Days | 83 Days | +1538.5% |
Summary: Homes in Franklin Township had an average of 83 days on market in Apr 2024, up by 1538.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Franklin Township; 58% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.