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
$266,000
$159/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 $266,000 in April 2024, up 22% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $480K | $110K | -77.1% |
2 Bedrooms | $159.9K | $172.5K | +7.9% |
3 Bedrooms | $225K | $244K | +8.4% |
4 Bedrooms | $275K | $347.5K | +26.4% |
5+ Bedrooms | $403.5K | $291K | -27.9% |
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 7.9%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 26.4%, and 5+ bedroom homes decreased by 27.9%.
Median Sold Price Compared To Nearby Cities
Congress Township | $300K | $367.4K | +22.5% |
Franklin Township | $218K | $266K | +22.0% |
Perry Township | $250K | $255K | +2.0% |
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 |
---|---|---|
81 | 75 | -7.4% |
Summary: The Franklin Township real estate market had 75 homes for sale in April 2024, a 7.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 18 | 12 | -33.3% |
3 Bedrooms | 32 | 33 | +3.1% |
4 Bedrooms | 25 | 24 | -4.0% |
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 remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 25 | -3.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 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, 56% were sold under asking, 32% 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 |
---|---|---|
56 Days | 65 Days | +16.2% |
Summary: Homes in Franklin Township had an average of 65 days on market in Apr 2024, up by 16.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
13 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; 28% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.