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
$252,500
$154/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Franklin Township was $252,500 in March 2024, down 9.5% from last month, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $15K | - | N/A |
2 Bedrooms | $220K | $200K | -9.1% |
3 Bedrooms | $242.5K | $250K | +3.1% |
4 Bedrooms | $397.1K | $290K | -27.0% |
5+ Bedrooms | $478.7K | - | N/A |
Summary: Franklin Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 27%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Marion | $15K | $87.5K | +483.3% |
Center Township | $51.9K | $84.5K | +62.8% |
Pleasant Township | $237.9K | $260.5K | +9.5% |
Franklin Township | $279K | $252.5K | -9.5% |
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 |
---|---|---|
110 | 105 | -4.5% |
Summary: The Franklin Township real estate market had 105 homes for sale in March 2024, a 4.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 62 | 60 | -3.2% |
4 Bedrooms | 30 | 25 | -16.7% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Franklin Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 32 | -15.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Franklin Township in March 2024, down by 15.8% month-over-month. Of the 32 sold homes, 47% were sold under asking, 28% were sold at asking, and 25% 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
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 54 Days | +36.7% |
Summary: Homes in Franklin Township had an average of 54 days on market in Mar 2024, up by 36.7% compared to last month.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 32 homes were sold in Franklin Township; 63% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.