Is Franklin Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Franklin Township is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Franklin Township, OH cost?

Median Sold Price

$159,000

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

-$7,500(-4.5%)

Key Takeaway

Homes in Franklin Township have sold for 4.5% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$106.2K
N/A
2 $126.2K$125K
-1.0%
3 $170K$180K
+5.9%
4 $207.5K$224.2K
+8.1%
5+ $170K$68K
-60.0%

Median Sold Price Compared To Nearby Cities

Norwich Township
+16.5%
Columbus
+10.1%
Prairie Township
+7.3%
Valleyview
+6.3%
Franklin Township
-4.5%

How many homes are available in Franklin Township, OH?

Number of Homes For Sale

Oct 2022Nov 2022%
3630-16.7%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 10
-100.0%
2 1111
0.0%
3 2114
-33.3%
4 24
+100.0%
5+ 11
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
1312-7.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Franklin Township, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
7 Days36 Days+400.4%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Franklin Township, OH

Franklin Township, OH has 30 homes for sale to choose from. The inventory of homes for sale in Franklin Township, OH between October 2022 and November 2022 decreased by 16.7%. In November 2022 median list price was $159,000 and the average listing age was 36 days. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went down by 1%, the cost of 3 bedrooms properties went up by 5.9%, the cost of 4 bedrooms properties went up by 8.1%, prices of 5 bedrooms properties went down by 60%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory decreased by 100%, number of 2 bedrooms homes remained the same, number of 3 bedrooms homes decreased by 33.3%, 4 bedrooms homes became 100% more available, volume of 5 bedrooms homes stayed the same. While more than 2 listings in Franklin Township, OH in November 2022 were sold above asking price, there were more than 5 listings sold at asking price, and more than 5 were sold below.

Related Housing Market Reports