Is Franklin Township, IN 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, IN
How much do homes in Franklin Township, IN cost?
Median Sold Price
$281,234
$146/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 $281,234 in April 2024, down 1.3% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180.7K | $105K | -41.9% |
2 Bedrooms | $218.5K | $215K | -1.6% |
3 Bedrooms | $255K | $258.6K | +1.4% |
4 Bedrooms | $328.3K | $320K | -2.5% |
5+ Bedrooms | $407.5K | $400.9K | -1.6% |
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 41.9%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Cities
Moral Township | $289.9K | $322.5K | +11.2% |
Beech Grove | $185K | $189.5K | +2.4% |
Warren Township | $195.2K | $200K | +2.4% |
Perry Township | $235K | $232.8K | -0.9% |
Franklin Township | $285K | $281.2K | -1.3% |
Housing Supply in Franklin Township, IN
How many homes are available in Franklin Township, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
401 | 422 | +5.2% |
Summary: The Franklin Township real estate market had 422 homes for sale in April 2024, a 5.2% increase 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 | 58 | 55 | -5.2% |
3 Bedrooms | 190 | 197 | +3.7% |
4 Bedrooms | 124 | 139 | +12.1% |
5+ Bedrooms | 29 | 31 | +6.9% |
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 5.2%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 6.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
105 | 125 | +19.0% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 125 homes were sold or pending in Franklin Township in April 2024, up by 19.0% month-over-month. Of the 125 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% were sold over asking.
Days on Market for Franklin Township, IN
How long does it take to sell a home in Franklin Township, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 34 Days | -11.8% |
Summary: Homes in Franklin Township had an average of 34 days on market in Apr 2024, down by 11.8% compared to last year.
Breakdown of Home Sale Times
88 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During April 2024, 125 homes were sold in Franklin Township; 70% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.