Is South Franklin, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, South Franklin has remained a Seller's Market.
Housing Prices in South Franklin, IN
How much do homes in South Franklin, IN cost?
Median Sold Price
$310,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Franklin was $310,000 in April 2024, the same as last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127K | - | N/A |
2 Bedrooms | $219.9K | $220K | 0.0% |
3 Bedrooms | $269K | $275K | +2.2% |
4 Bedrooms | $359.9K | $350K | -2.8% |
5+ Bedrooms | $435K | $435K | 0.0% |
Summary: South Franklin 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 did not change, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Muirfield | $230K | $235K | +2.2% |
South Franklin | $309.9K | $310K | 0.0% |
Housing Supply in South Franklin, IN
How many homes are available in South Franklin, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
93 | 82 | -11.8% |
Summary: The South Franklin real estate market had 82 homes for sale in April 2024, a 11.8% decrease 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 | 10 | 8 | -20.0% |
3 Bedrooms | 31 | 28 | -9.7% |
4 Bedrooms | 40 | 34 | -15.0% |
5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The South Franklin 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 20%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 22 | -21.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in South Franklin in April 2024, down by 21.4% month-over-month. Of the 22 sold homes, 68% were sold under asking, 14% were sold at asking, and 18% were sold over asking.
Days on Market for South Franklin, IN
How long does it take to sell a home in South Franklin, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 34 Days | -19.0% |
Summary: Homes in South Franklin had an average of 34 days on market in Apr 2024, down by 19% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in South Franklin; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.