Is Frankton, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Frankton is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Frankton has remained a Seller's Market.

Key Takeaway

Frankton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Frankton, IN

How much do homes in Frankton, IN cost?

Median Sold Price

$176,000

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$6,100(+3.6%)

Key Takeaway

Homes in Frankton have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Frankton was $176,000 in April 2024, up 3.6% from last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $143.5K$155K
+8.0%
3 $164.9K$177.9K
+7.9%
4 $258K$291.4K
+13.0%
5+ $186K-
N/A

Summary: Frankton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 13%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lafayette Township
+23.6%
Frankton
+3.6%
Pipe Creek Township
+0.7%

Housing Supply in Frankton, IN

How many homes are available in Frankton, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
119-18.2%

Summary: The Frankton real estate market had 9 homes for sale in April 2024, a 18.2% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 64
-33.3%
4 23
+50.0%
5+ 00
0.0%

Summary: The Frankton 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 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Frankton, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Frankton in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Frankton, IN

How long does it take to sell a home in Frankton, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
56 Days69 Days+22.4%

Summary: Homes in Frankton had an average of 69 days on market in Apr 2024, up by 22.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Frankton are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in Frankton; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 14 Days Ago

Newest Listings in Frankton, IN

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