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
$265,000
$159/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 $265,000 in April 2024, up 15.9% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $480K | $110K | -77.1% |
2 Bedrooms | $164.9K | $162K | -1.8% |
3 Bedrooms | $222.5K | $242.5K | +9.0% |
4 Bedrooms | $285K | $347.5K | +21.9% |
5+ Bedrooms | $420.1K | $291K | -30.7% |
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 decreased by 1.8%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes decreased by 30.7%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $228.5K | $265K | +15.9% |
Heath | $260K | $284.9K | +9.6% |
Madison Township | $199.9K | $208K | +4.1% |
Licking Township | $357.5K | $337K | -5.7% |
Bowling Green Township | $310K | $253.2K | -18.3% |
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 |
---|---|---|
81 | 82 | +1.2% |
Summary: The Franklin Township real estate market had 82 homes for sale in April 2024, a 1.2% increase 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 | 16 | 12 | -25.0% |
3 Bedrooms | 32 | 38 | +18.8% |
4 Bedrooms | 25 | 24 | -4.0% |
5+ Bedrooms | 8 | 8 | 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 25%, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 23 | -4.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Franklin Township in April 2024, down by 4.2% month-over-month. Of the 23 sold homes, 61% were sold under asking, 26% were sold at asking, and 13% 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 |
---|---|---|
67 Days | 66 Days | -1.4% |
Summary: Homes in Franklin Township had an average of 66 days on market in Apr 2024, down by 1.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Franklin Township; 26% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.