Is Franklin Township, IN 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 Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180.7K | $105K | -41.9% |
2 Bedrooms | $217.7K | $210.5K | -3.3% |
3 Bedrooms | $256.6K | $255.3K | -0.5% |
4 Bedrooms | $330K | $320K | -3.0% |
5+ Bedrooms | $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 | $289.9K | $312.5K | +7.8% |
Beech Grove | $182K | $188.1K | +3.4% |
Warren Township | $195K | $200K | +2.6% |
Franklin Township | $285K | $279.9K | -1.8% |
Perry Township | $235K | $230K | -2.1% |
Housing Supply in Franklin Township, IN
How many homes are available in Franklin Township, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
356 | 389 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 51 | 61 | +19.6% |
3 Bedrooms | 178 | 189 | +6.2% |
4 Bedrooms | 105 | 114 | +8.6% |
5+ Bedrooms | 22 | 25 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
96 | 102 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 47 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
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.