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
$261,000
$156/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 $261,000 in March 2024, up 17.3% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $295K | N/A |
2 Bedrooms | $162.4K | $161K | -0.9% |
3 Bedrooms | $225K | $238.2K | +5.9% |
4 Bedrooms | $245K | $335K | +36.7% |
5+ Bedrooms | $490.1K | $370K | -24.5% |
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 0.9%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 36.7%, and 5+ bedroom homes decreased by 24.5%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $222.5K | $261K | +17.3% |
Wooster Township | $219.9K | $234.5K | +6.6% |
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 |
---|---|---|
86 | 73 | -15.1% |
Summary: The Franklin Township real estate market had 73 homes for sale in March 2024, a 15.1% 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 | 13 | 15 | +15.4% |
3 Bedrooms | 43 | 31 | -27.9% |
4 Bedrooms | 22 | 20 | -9.1% |
5+ Bedrooms | 8 | 7 | -12.5% |
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 15.4%, 3 bedroom homes decreased by 27.9%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 25 | -3.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Franklin Township in March 2024, down by 3.8% month-over-month. Of the 25 sold homes, 32% were sold under asking, 28% were sold at asking, and 40% 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 |
---|---|---|
78 Days | 67 Days | -14.1% |
Summary: Homes in Franklin Township had an average of 67 days on market in Mar 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in Franklin Township; 20% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.