Is Franklin Township, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Franklin Township is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Franklin Township has remained a Seller's 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, IN

How much do homes in Franklin Township, IN cost?

Median Sold Price

$279,999

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$5,000(-1.8%)

Key Takeaway

Homes in Franklin Township have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in Franklin Township was $279,999 in March 2024, down 1.8% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $180.7K$105K
-41.9%
2 $217.7K$210.5K
-3.3%
3 $256.6K$255.3K
-0.5%
4 $330K$320K
-3.0%
5+ $410K$407.4K
-0.6%

Summary: Franklin Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.9%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 0.6%.

Median Sold Price Compared To Nearby Cities

Moral Township
+7.8%
Beech Grove
+3.4%
Warren Township
+2.6%
Franklin Township
-1.8%
Perry Township
-2.1%

Housing Supply in Franklin Township, IN

How many homes are available in Franklin Township, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
356389+9.3%

Summary: The Franklin Township real estate market had 389 homes for sale in March 2024, a 9.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 5161
+19.6%
3 178189
+6.2%
4 105114
+8.6%
5+ 2225
+13.6%

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 increased by 19.6%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 13.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
96102+6.3%

Asking Price vs. Sold Price

50 Homes Were Sold
Under Asking

32 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Franklin Township, you may be able to get a good deal. 49% of homes here sold below asking price last month.

Summary: A total of 102 homes were sold or pending in Franklin Township in March 2024, up by 6.3% month-over-month. Of the 102 sold homes, 49% were sold under asking, 31% were sold at asking, and 20% were sold over asking.

Days on Market for Franklin Township, IN

How long does it take to sell a home in Franklin Township, IN?

Average Sale Time

Mar 2023Mar 2024CHANGE
37 Days47 Days+25.4%

Summary: Homes in Franklin Township had an average of 47 days on market in Mar 2024, up by 25.4% compared to last year.

Breakdown of Home Sale Times

65 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Franklin Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 102 homes were sold in Franklin Township; 64% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

Newest Listings in Franklin Township, IN

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