Is Franklin Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$267,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Franklin Township was $267,000 in April 2024, up 21.4% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $480K | $110K | -77.1% |
2 Bedrooms | $138K | $162K | +17.4% |
3 Bedrooms | $210K | $245K | +16.7% |
4 Bedrooms | $295K | $335K | +13.6% |
5+ Bedrooms | $391.3K | $291K | -25.7% |
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 77.1%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 25.7%.
Median Sold Price Compared To Nearby Cities
Franklin | $190K | $265K | +39.5% |
Carlisle | $230K | $280.7K | +22.1% |
Franklin Township | $220K | $267K | +21.4% |
Middletown | $170K | $195K | +14.7% |
Springboro | $360K | $379.6K | +5.4% |
Housing Supply in Franklin Township, OH
How many homes are available in Franklin Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
76 | 72 | -5.3% |
Summary: The Franklin Township real estate market had 72 homes for sale in April 2024, a 5.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 10 | -33.3% |
3 Bedrooms | 32 | 33 | +3.1% |
4 Bedrooms | 24 | 24 | 0.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
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 33.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 24 | -4.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Franklin Township in April 2024, down by 4.0% month-over-month. Of the 24 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
71 Days | 65 Days | -8.6% |
Summary: Homes in Franklin Township had an average of 65 days on market in Apr 2024, down by 8.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Franklin Township; 25% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.