Is Franklin Township, IN 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 April 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, IN

How much do homes in Franklin Township, IN cost?

Median Sold Price

$281,234

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$3,765(-1.3%)

Key Takeaway

Homes in Franklin Township have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in Franklin Township was $281,234 in April 2024, down 1.3% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $180.7K$105K
-41.9%
2 $218.5K$215K
-1.6%
3 $255K$258.6K
+1.4%
4 $328.3K$320K
-2.5%
5+ $407.5K$400.9K
-1.6%

Summary: Franklin Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.9%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 1.6%.

Median Sold Price Compared To Nearby Cities

Moral Township
+11.2%
Beech Grove
+2.4%
Warren Township
+2.4%
Perry Township
-0.9%
Franklin Township
-1.3%

Housing Supply in Franklin Township, IN

How many homes are available in Franklin Township, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
401422+5.2%

Summary: The Franklin Township real estate market had 422 homes for sale in April 2024, a 5.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 5855
-5.2%
3 190197
+3.7%
4 124139
+12.1%
5+ 2931
+6.9%

Summary: The Franklin Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 6.9%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
105125+19.0%

Asking Price vs. Sold Price

63 Homes Were Sold
Under Asking

36 Homes Were Sold
At Asking

26 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. 50.4% of homes here sold below asking price last month.

Summary: A total of 125 homes were sold or pending in Franklin Township in April 2024, up by 19.0% month-over-month. Of the 125 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% were sold over asking.

Days on Market for Franklin Township, IN

How long does it take to sell a home in Franklin Township, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
39 Days34 Days-11.8%

Summary: Homes in Franklin Township had an average of 34 days on market in Apr 2024, down by 11.8% compared to last year.

Breakdown of Home Sale Times

88 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

17 Homes Were 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 April 2024, 125 homes were sold in Franklin Township; 70% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 14% 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 5 Days Ago

Newest Listings in Franklin Township, IN

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