Is Franklin Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Franklin Township has remained a Buyer's Market.
Housing Prices in Franklin Township, IA
How much do homes in Franklin Township, IA cost?
Median Sold Price
$299,000
$136/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 $299,000 in March 2024, up 12.8% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $255K | N/A |
2 Bedrooms | $162.5K | $194.9K | +20.0% |
3 Bedrooms | $246.4K | $252.5K | +2.4% |
4 Bedrooms | $292.5K | $299.9K | +2.5% |
5+ Bedrooms | $395.1K | $539.5K | +36.5% |
Summary: Franklin Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 36.5%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $265K | $299K | +12.8% |
Mount Vernon | $297.5K | $306.2K | +2.9% |
Housing Supply in Franklin Township, IA
How many homes are available in Franklin Township, IA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 26 | +36.8% |
Summary: The Franklin Township real estate market had 26 homes for sale in March 2024, a 36.8% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 9 | 14 | +55.6% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 3 | 6 | +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 increased by 55.6%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Franklin Township in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 10 Days | -74.4% |
Summary: Homes in Franklin Township had an average of 10 days on market in Mar 2024, down by 74.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Franklin Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.