Is Franklin Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$267,666
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Franklin Township was $267,666 in June 2024, up 16.4% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $295K | - | N/A |
2 Bedrooms | $127.5K | $163.2K | +28.0% |
3 Bedrooms | $220K | $246K | +11.8% |
4 Bedrooms | $372.5K | $327.5K | -12.1% |
5+ Bedrooms | $362.5K | $385K | +6.2% |
Summary: Franklin Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $230K | $267.6K | +16.4% |
Wooster Township | $225K | $233K | +3.6% |
Housing Supply in Franklin Township, OH
How many homes are available in Franklin Township, OH?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
70 | 78 | +11.4% |
Summary: The Franklin Township real estate market had 78 homes for sale in June 2024, a 11.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 9 | 7 | -22.2% |
3 Bedrooms | 34 | 43 | +26.5% |
4 Bedrooms | 21 | 21 | 0.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Franklin Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 26.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
21 | 15 | -28.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Franklin Township in June 2024, down by 28.6% month-over-month. Of the 15 sold homes, 47% were sold under asking, 20% were sold at asking, and 33% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
48 Days | 88 Days | +84.4% |
Summary: Homes in Franklin Township had an average of 88 days on market in Jun 2024, up by 84.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During June 2024, 15 homes were sold in Franklin Township; 13% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.