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
$269,750
$151/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 $269,750 in March 2024, up 17.8% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $105K | N/A |
2 Bedrooms | $135K | $175.5K | +30.0% |
3 Bedrooms | $228K | $250K | +9.6% |
4 Bedrooms | $282.7K | $318.5K | +12.6% |
5+ Bedrooms | $408K | $399K | -2.2% |
Summary: Franklin Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $228.9K | $269.7K | +17.8% |
Roachdale | $160K | $180K | +12.5% |
Scott Township | $164.2K | $182K | +10.8% |
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 |
---|---|---|
111 | 107 | -3.6% |
Summary: The Franklin Township real estate market had 107 homes for sale in March 2024, a 3.6% decrease 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 | 12 | 14 | +16.7% |
3 Bedrooms | 61 | 63 | +3.3% |
4 Bedrooms | 31 | 25 | -19.4% |
5+ Bedrooms | 7 | 5 | -28.6% |
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 16.7%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 31 | -18.4% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Franklin Township in March 2024, down by 18.4% month-over-month. Of the 31 sold homes, 52% were sold under asking, 26% were sold at asking, and 23% 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 |
---|---|---|
29 Days | 57 Days | +93.0% |
Summary: Homes in Franklin Township had an average of 57 days on market in Mar 2024, up by 93% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in Franklin Township; 61% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.