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 August 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

$200,000

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$25,050(+14.3%)

Key Takeaway

Homes in Frankton have sold for 14.3% more than they did a year ago.

Summary: The median home sold price in Frankton was $200,000 in August 2024, up 14.3% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 --
N/A
2 $161.5K$141.5K
-12.4%
3 $174.9K$205K
+17.2%
4 $249.9K$375K
+50.0%
5+ $186K-
N/A

Summary: Frankton housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.4%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lafayette Township
+23.8%
Pipe Creek Township
+15.9%
Frankton
+14.3%

Housing Supply in Frankton, IN

How many homes are available in Frankton, IN?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
1613-18.8%

Summary: The Frankton real estate market had 13 homes for sale in August 2024, a 18.8% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 22
0.0%
3 97
-22.2%
4 43
-25.0%
5+ 11
0.0%

Summary: The Frankton housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 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, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Frankton in August 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% 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

Aug 2023Aug 2024CHANGE
8 Days28 Days+231.4%

Summary: Homes in Frankton had an average of 28 days on market in Aug 2024, up by 231.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were 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 August 2024, 7 homes were sold in Frankton; 71% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% 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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