Is Franklin Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Franklin Township was $261,000 in May 2024, up 10.7% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $322.5K | $110K | -65.9% |
2 Bedrooms | $126.2K | $160K | +26.7% |
3 Bedrooms | $225K | $238.7K | +6.1% |
4 Bedrooms | $365.6K | $325K | -11.1% |
5+ Bedrooms | $425.1K | $323K | -24.0% |
Summary: Franklin Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 65.9%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 24%.
Median Sold Price Compared To Nearby Cities
Salem Township | $150K | $166.6K | +11.1% |
Franklin Township | $235.7K | $261K | +10.7% |
Housing Supply in Franklin Township, OH
How many homes are available in Franklin Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
64 | 78 | +21.9% |
Summary: The Franklin Township real estate market had 78 homes for sale in May 2024, a 21.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 29 | 37 | +27.6% |
4 Bedrooms | 17 | 23 | +35.3% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Franklin Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 18 | -14.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Franklin Township in May 2024, down by 14.3% month-over-month. Of the 18 sold homes, 44% were sold under asking, 39% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
61 Days | 47 Days | -22.6% |
Summary: Homes in Franklin Township had an average of 47 days on market in May 2024, down by 22.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Franklin Township; 28% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.