Is Franklin Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Franklin Township has remained a Seller's Market.
Housing Prices in Franklin Township, OH
How much do homes in Franklin Township, OH cost?
Median Sold Price
$225,387
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Franklin Township was $225,387 in March 2024, up 22.5% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $106.2K | $295K | +177.6% |
2 Bedrooms | $140K | $159.9K | +14.2% |
3 Bedrooms | $194.9K | $220K | +12.8% |
4 Bedrooms | $228.2K | $315K | +38.0% |
5+ Bedrooms | $391.3K | $285K | -27.2% |
Summary: Franklin Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 177.6%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 38%, and 5+ bedroom homes decreased by 27.2%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $184K | $225.3K | +22.5% |
Prairie Township | $223.4K | $250K | +11.9% |
Columbus | $259.8K | $278.8K | +7.3% |
Norwich Township | $384.7K | $401.2K | +4.3% |
Housing Supply in Franklin Township, OH
How many homes are available in Franklin Township, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
121 | 111 | -8.3% |
Summary: The Franklin Township real estate market had 111 homes for sale in March 2024, a 8.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 22 | 23 | +4.5% |
3 Bedrooms | 63 | 55 | -12.7% |
4 Bedrooms | 27 | 25 | -7.4% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Franklin Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 32 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Franklin Township in March 2024, the same as the previous month. Of the 32 sold homes, 31% were sold under asking, 22% were sold at asking, and 47% were sold over asking.
Days on Market for Franklin Township, OH
How long does it take to sell a home in Franklin Township, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 58 Days | -8.4% |
Summary: Homes in Franklin Township had an average of 58 days on market in Mar 2024, down by 8.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 32 homes were sold in Franklin Township; 31% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.