Is Franklin Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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
$272,000
$174/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Franklin Township was $272,000 in May 2024, up 4% from last month, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $205K | $267K | +30.2% |
3 Bedrooms | $255K | $238.7K | -6.4% |
4 Bedrooms | $294.9K | $309.5K | +4.9% |
5+ Bedrooms | $395K | $415K | +5.1% |
Summary: Franklin Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.2%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $261.5K | $275K | +5.2% |
Franklin Township | $261.5K | $272K | +4.0% |
Housing Supply in Franklin Township, IN
How many homes are available in Franklin Township, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
112 | 125 | +11.6% |
Summary: The Franklin Township real estate market had 125 homes for sale in May 2024, a 11.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 13 | +18.2% |
3 Bedrooms | 63 | 76 | +20.6% |
4 Bedrooms | 31 | 29 | -6.5% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Franklin Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 20.6%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 36 | +5.9% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Franklin Township in May 2024, up by 5.9% month-over-month. Of the 36 sold homes, 58% were sold under asking, 14% were sold at asking, and 28% 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
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 Days | 26 Days | +6.7% |
Summary: Homes in Franklin Township had an average of 26 days on market in May 2024, up by 6.7% compared to last month.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 36 homes were sold in Franklin Township; 75% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.