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 Last Month

Since last month, 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

$255,000

$154/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$100(0%)

Key Takeaway

The sold price of homes in Franklin Township has remained the same since last month.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $177.9K$198.5K
+11.6%
3 $255K$253.1K
-0.7%
4 $310K$294.9K
-4.9%
5+ -$390K
N/A

Summary: Franklin Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.6%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Jefferson Township
+113.5%
Franklin Township
0%
Darlington
-38.6%

Housing Supply in Franklin Township, IN

How many homes are available in Franklin Township, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
110120+9.1%

Summary: The Franklin Township real estate market had 120 homes for sale in April 2024, a 9.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1412
-14.3%
3 6366
+4.8%
4 2634
+30.8%
5+ 78
+14.3%

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 14.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3339+18.2%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

10 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. 43.6% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in Franklin Township in April 2024, up by 18.2% month-over-month. Of the 39 sold homes, 44% were sold under asking, 31% were sold at asking, and 26% 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 2024Apr 2024CHANGE
55 Days24 Days-56.4%

Summary: Homes in Franklin Township had an average of 24 days on market in Apr 2024, down by 56.4% compared to last month.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 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 April 2024, 39 homes were sold in Franklin Township; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% 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 7 Days Ago

Newest Listings in Franklin Township, IN

Nearby Markets to Franklin Township, IN

What housing markets are near Franklin Township, IN?