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
$257,166
$155/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 $257,166 in May 2024, up 11.8% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $480K | $110K | -77.1% |
2 Bedrooms | $139K | $161K | +15.8% |
3 Bedrooms | $220K | $240K | +9.1% |
4 Bedrooms | $345K | $325K | -5.8% |
5+ Bedrooms | $362.5K | $342K | -5.7% |
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 77.1%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 5.7%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $230K | $257.1K | +11.8% |
Strasburg | $224K | $247.4K | +10.5% |
Lawrence Township | $265K | $287.5K | +8.5% |
Dover Township | $203.9K | $209K | +2.5% |
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 |
---|---|---|
72 | 91 | +26.4% |
Summary: The Franklin Township real estate market had 91 homes for sale in May 2024, a 26.4% 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 | 12 | 14 | +16.7% |
3 Bedrooms | 32 | 42 | +31.3% |
4 Bedrooms | 21 | 28 | +33.3% |
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 increased by 16.7%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 24 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Franklin Township in May 2024, the same as the previous month. Of the 24 sold homes, 50% were sold under asking, 38% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 48 Days | +14.3% |
Summary: Homes in Franklin Township had an average of 48 days on market in May 2024, up by 14.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 24 homes were sold in Franklin Township; 29% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.