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
$258,000
$155/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 $258,000 in March 2024, up 22.9% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $165K | N/A |
2 Bedrooms | $160K | $159.9K | -0.1% |
3 Bedrooms | $210K | $235.7K | +12.3% |
4 Bedrooms | $236.6K | $325K | +37.3% |
5+ Bedrooms | $427.6K | $355K | -17.0% |
Summary: Franklin Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 37.3%, and 5+ bedroom homes decreased by 17%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $210K | $258K | +22.9% |
Salem Township | $142.7K | $174.1K | +22.0% |
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 |
---|---|---|
81 | 72 | -11.1% |
Summary: The Franklin Township real estate market had 72 homes for sale in March 2024, a 11.1% 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 | 39 | 30 | -23.1% |
4 Bedrooms | 24 | 22 | -8.3% |
5+ Bedrooms | 6 | 5 | -16.7% |
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 23.1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 24 | +9.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Franklin Township in March 2024, up by 9.1% month-over-month. Of the 24 sold homes, 38% were sold under asking, 21% were sold at asking, and 42% 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 | 74 Days | -10.0% |
Summary: Homes in Franklin Township had an average of 74 days on market in Mar 2024, down by 10% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Franklin Township; 17% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.