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 September 2023

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.

Housing Prices in Franklin Township, OH

How much do homes in Franklin Township, OH cost?

Median Sold Price

$252,600

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$12,600(+5.3%)

Key Takeaway

Homes in Franklin Township have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Franklin Township was $252,600 in September 2024, up 5.3% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $295K-
N/A
2 $159.9K$162K
+1.3%
3 $228.5K$237K
+3.7%
4 $327.5K$334.4K
+2.1%
5+ $362.5K$316.5K
-12.7%

Summary: Franklin Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 12.7%.

Median Sold Price Compared To Nearby Cities

Dundee
+32.3%
Lawrence Township
+7.4%
Franklin Township
+5.3%
Dover Township
+4.9%
Strasburg
+4.0%

Housing Supply in Franklin Township, OH

How many homes are available in Franklin Township, OH?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
103102-1.0%

Summary: The Franklin Township real estate market had 102 homes for sale in September 2024, a 1.0% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 712
+71.4%
3 6064
+6.7%
4 3020
-33.3%
5+ 66
0.0%

Summary: The Franklin Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 71.4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3426-23.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Franklin Township, you could pay more than the asking price. 38.5% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in Franklin Township in September 2024, down by 23.5% month-over-month. Of the 26 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% 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

Sep 2023Sep 2024CHANGE
24 Days50 Days+106.8%

Summary: Homes in Franklin Township had an average of 50 days on market in Sep 2024, up by 106.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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.

Summary: During September 2024, 26 homes were sold in Franklin Township; 4% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

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

Report Updated 12 Days Ago

Newest Listings in Franklin Township, OH

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