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.
Key Takeaway
Franklin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Franklin Township, IA
How much do homes in Franklin Township, IA cost?
Median Sold Price
$345,253
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Franklin Township have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Franklin Township was $345,253 in April 2024, up 2.1% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $234.7K | $201K | -14.4% |
| 3 Bedrooms | $309.9K | $318.5K | +2.7% |
| 4 Bedrooms | $350K | $364K | +4.0% |
| 5+ Bedrooms | $483K | $497K | +2.9% |
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 14.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Cities
| Poweshiek Township | $210K | $285K | +35.7% |
| Bondurant | $305K | $330.1K | +8.3% |
| Franklin Township | $338K | $345.2K | +2.1% |
| Washington Township | $187.5K | $169K | -9.9% |
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 |
|---|---|---|
| 61 | 48 | -21.3% |
Summary: The Franklin Township real estate market had 48 homes for sale in April 2024, a 21.3% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 20 | 15 | -25.0% |
| 4 Bedrooms | 32 | 26 | -18.8% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
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 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin Township, expect to pay close to the asking price. 72.7% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Franklin Township in April 2024, down by 21.4% month-over-month. Of the 11 sold homes, 9% were sold under asking, 73% were sold at asking, and 18% 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 |
|---|---|---|
| 177 Days | 114 Days | -35.2% |
Summary: Homes in Franklin Township had an average of 114 days on market in Apr 2024, down by 35.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Franklin Township has remained consistent over time.
Summary: During April 2024, 11 homes were sold in Franklin Township; 27% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
