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
$265,000
$157/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 $265,000 in March 2024, up 24.7% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $189K | $295K | +56.1% |
2 Bedrooms | $174.9K | $159.9K | -8.6% |
3 Bedrooms | $210K | $235.7K | +12.3% |
4 Bedrooms | $288.2K | $335K | +16.2% |
5+ Bedrooms | $420.2K | $285K | -32.2% |
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 56.1%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes decreased by 32.2%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $212.5K | $265K | +24.7% |
Monroe Township | $333K | $361.7K | +8.6% |
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 |
---|---|---|
80 | 70 | -12.5% |
Summary: The Franklin Township real estate market had 70 homes for sale in March 2024, a 12.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 15 | +25.0% |
3 Bedrooms | 38 | 29 | -23.7% |
4 Bedrooms | 23 | 20 | -13.0% |
5+ Bedrooms | 7 | 6 | -14.3% |
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 25%, 3 bedroom homes decreased by 23.7%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 23 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Franklin Township in March 2024, the same as the previous month. Of the 23 sold homes, 35% were sold under asking, 22% were sold at asking, and 43% 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 |
---|---|---|
82 Days | 70 Days | -14.4% |
Summary: Homes in Franklin Township had an average of 70 days on market in Mar 2024, down by 14.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in Franklin Township; 17% of homes were sold within 30 days, 65% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.