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 January 2022

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

$286,500

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

-$20,550(-6.7%)

Key Takeaway

Homes in Franklin Township have sold for 6.7% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 --
N/A
2 $150K$255K
+70.0%
3 $235K$250K
+6.4%
4 $410K$367.8K
-10.3%
5+ $630K$472.5K
-25.0%

Median Sold Price Compared To Nearby Cities

Licking Township
+30.3%
Heath
+8.2%
Franklin Township
-6.7%

How many homes are available in Franklin Township, OH?

Number of Homes For Sale

Dec 2022Jan 2023%
43-25.0%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 10
-100.0%
3 23
+50.0%
4 10
-100.0%
5+ 00
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 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. 100% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
17 Days41 Days+134.3%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Franklin Township has remained consistent over time.

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 3 homes for sale to choose from. The number of listings in Franklin Township, OH decreased by 25% between December 2022 and January 2023. In January 2023 median list price was $286,500 and the average listing age was 41 days. Listing prices have changed in this real estate market between December 2022 and January 2023: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 70%, 3 bedrooms properties became 6.4% more expensive, 4 bedrooms properties prices decreased by 10.3%, 5 bedrooms properties became 25% more cheaper. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, volume of 2 bedrooms homes went down by 100%, the quantity of 3 bedrooms homes went up by 50%, the quantity of 4 bedrooms homes went down by 100%, 5 bedrooms homes inventory did not change. In January 2023 more than 0 listings in Franklin Township, OH were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.

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