Is Franklin Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$271,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Franklin Township was $271,000 in May 2024, up 8.4% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $286.3K | $105K | -63.3% |
2 Bedrooms | $169.8K | $189.9K | +11.8% |
3 Bedrooms | $238K | $250K | +5.0% |
4 Bedrooms | $299.9K | $319.9K | +6.7% |
5+ Bedrooms | $395.6K | $412.5K | +4.3% |
Summary: Franklin Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 63.3%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
Nineveh Township | $280K | $327.2K | +16.9% |
Franklin Township | $250K | $271K | +8.4% |
Needham Township | $293.5K | $315K | +7.3% |
Franklin | $255K | $271K | +6.3% |
Whiteland | $284K | $268K | -5.6% |
Housing Supply in Franklin Township, IN
How many homes are available in Franklin Township, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
114 | 125 | +9.6% |
Summary: The Franklin Township real estate market had 125 homes for sale in May 2024, a 9.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 13 | +18.2% |
3 Bedrooms | 64 | 76 | +18.8% |
4 Bedrooms | 32 | 29 | -9.4% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Franklin Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 36 | +2.9% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Franklin Township in May 2024, up by 2.9% month-over-month. Of the 36 sold homes, 58% were sold under asking, 14% were sold at asking, and 28% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 26 Days | -18.2% |
Summary: Homes in Franklin Township had an average of 26 days on market in May 2024, down by 18.2% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 36 homes were sold in Franklin Township; 75% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.