Is Franklin Township, IL 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, IL
How much do homes in Franklin Township, IL cost?
Median Sold Price
$189,900
$111/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 $189,900 in April 2024, down 22.8% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $133K | $135K | +1.5% |
3 Bedrooms | $230K | $178.5K | -22.4% |
4 Bedrooms | $248K | $395K | +59.3% |
5+ Bedrooms | $373.2K | $349K | -6.5% |
Summary: Franklin Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.5%, 3 bedroom homes decreased by 22.4%, 4 bedroom homes increased by 59.3%, and 5+ bedroom homes decreased by 6.5%.
Median Sold Price Compared To Nearby Cities
Kirkland | $180.7K | $205K | +13.4% |
Kingston Township | $299.9K | $330K | +10.0% |
Flora Township | $128.5K | $119.5K | -7.0% |
Franklin Township | $246K | $189.9K | -22.8% |
Housing Supply in Franklin Township, IL
How many homes are available in Franklin Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Summary: The Franklin Township real estate market had 4 homes for sale in April 2024, a 20.0% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 3 | 2 | -33.3% |
4 Bedrooms | 1 | 0 | -100.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Franklin Township in April 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Franklin Township, IL
How long does it take to sell a home in Franklin Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 8 Days | -82.0% |
Summary: Homes in Franklin Township had an average of 8 days on market in Apr 2024, down by 82% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in Franklin Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.