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
$265,500
$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 $265,500 in April 2024, up 21.8% 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 | $160K | $168.5K | +5.3% |
3 Bedrooms | $215K | $244.5K | +13.7% |
4 Bedrooms | $279K | $343.7K | +23.2% |
5+ Bedrooms | $420.2K | $355K | -15.5% |
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 5.3%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 23.2%, and 5+ bedroom homes decreased by 15.5%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $218K | $265.5K | +21.8% |
Wooster Township | $225K | $234.7K | +4.3% |
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 |
---|---|---|
78 | 73 | -6.4% |
Summary: The Franklin Township real estate market had 73 homes for sale in April 2024, a 6.4% 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 | 35 | +9.4% |
4 Bedrooms | 24 | 23 | -4.2% |
5+ Bedrooms | 7 | 5 | -28.6% |
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 9.4%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 25 | -3.8% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Franklin Township in April 2024, down by 3.8% month-over-month. Of the 25 sold homes, 64% were sold under asking, 24% were sold at asking, and 12% 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 | 68 Days | +1.3% |
Summary: Homes in Franklin Township had an average of 68 days on market in Apr 2024, up by 1.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Franklin Township; 24% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.