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
$255,000
$154/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $177.9K | $198.5K | +11.6% |
3 Bedrooms | $255K | $253.1K | -0.7% |
4 Bedrooms | $310K | $294.9K | -4.9% |
5+ Bedrooms | - | $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 | $222.5K | $475K | +113.5% |
Franklin Township | $255.1K | $255K | 0% |
Darlington | $311.2K | $191K | -38.6% |
Housing Supply in Franklin Township, IN
How many homes are available in Franklin Township, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
110 | 120 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 12 | -14.3% |
3 Bedrooms | 63 | 66 | +4.8% |
4 Bedrooms | 26 | 34 | +30.8% |
5+ Bedrooms | 7 | 8 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 39 | +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
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 2024 | Apr 2024 | CHANGE |
---|---|---|
55 Days | 24 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
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.