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
$267,500
$155/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 $267,500 in April 2024, up 4.9% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $480K | $135K | -71.9% |
2 Bedrooms | $160K | $155.2K | -3.0% |
3 Bedrooms | $210K | $245K | +16.7% |
4 Bedrooms | $281.5K | $340K | +20.8% |
5+ Bedrooms | $439.9K | $291K | -33.8% |
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 71.9%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes decreased by 33.8%.
Median Sold Price Compared To Nearby Cities
Streetsboro | $222.2K | $255.6K | +15.0% |
Kent | $212.5K | $225K | +5.9% |
Franklin Township | $255K | $267.5K | +4.9% |
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 |
---|---|---|
80 | 76 | -5.0% |
Summary: The Franklin Township real estate market had 76 homes for sale in April 2024, a 5.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 15 | 11 | -26.7% |
3 Bedrooms | 31 | 34 | +9.7% |
4 Bedrooms | 28 | 26 | -7.1% |
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 decreased by 100%, 2 bedroom homes decreased by 26.7%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 23 | -11.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Franklin Township in April 2024, down by 11.5% month-over-month. Of the 23 sold homes, 61% were sold under asking, 30% were sold at asking, and 9% 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 |
---|---|---|
74 Days | 67 Days | -9.0% |
Summary: Homes in Franklin Township had an average of 67 days on market in Apr 2024, down by 9% compared to last year.
Breakdown of Home Sale Times
5 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, 23 homes were sold in Franklin Township; 22% of homes were sold within 30 days, 61% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.