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
$261,500
$159/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Franklin Township was $261,500 in April 2024, up 2.5% from last month, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $200K | $205K | +2.5% |
3 Bedrooms | $255K | $255K | 0.0% |
4 Bedrooms | $290K | $294.9K | +1.7% |
5+ Bedrooms | - | $395K | 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 2.5%, 3 bedroom homes did not change, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes did not change.
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 |
---|---|---|
102 | 112 | +9.8% |
Summary: The Franklin Township real estate market had 112 homes for sale in April 2024, a 9.8% 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 | 13 | 11 | -15.4% |
3 Bedrooms | 59 | 61 | +3.4% |
4 Bedrooms | 24 | 33 | +37.5% |
5+ Bedrooms | 6 | 7 | +16.7% |
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 15.4%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 34 | +6.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Franklin Township in April 2024, up by 6.3% month-over-month. Of the 34 sold homes, 44% were sold under asking, 32% were sold at asking, and 24% 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 |
---|---|---|
52 Days | 25 Days | -52.6% |
Summary: Homes in Franklin Township had an average of 25 days on market in Apr 2024, down by 52.6% compared to last month.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in Franklin Township; 76% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.