Is Franklin Township, OH 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, OH
How much do homes in Franklin Township, OH cost?
Median Sold Price
$265,000
$159/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 $265,000 in May 2024, up 9.8% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $480K | $110K | -77.1% |
2 Bedrooms | $140K | $160K | +14.3% |
3 Bedrooms | $227K | $239.9K | +5.7% |
4 Bedrooms | $372.5K | $330K | -11.4% |
5+ Bedrooms | $420K | $355K | -15.5% |
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 77.1%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes decreased by 15.5%.
Median Sold Price Compared To Nearby Cities
Heath | $256K | $285K | +11.3% |
Franklin Township | $241.3K | $265K | +9.8% |
Madison Township | $199.9K | $209K | +4.5% |
Bowling Green Township | $259.4K | $250.1K | -3.6% |
Licking Township | $380K | $339K | -10.8% |
Housing Supply in Franklin Township, OH
How many homes are available in Franklin Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
71 | 91 | +28.2% |
Summary: The Franklin Township real estate market had 91 homes for sale in May 2024, a 28.2% 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 | 12 | 12 | 0.0% |
3 Bedrooms | 35 | 48 | +37.1% |
4 Bedrooms | 17 | 23 | +35.3% |
5+ Bedrooms | 7 | 8 | +14.3% |
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 remained the same, 3 bedroom homes increased by 37.1%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 19 | -13.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Franklin Township in May 2024, down by 13.6% month-over-month. Of the 19 sold homes, 47% were sold under asking, 37% were sold at asking, and 16% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
36 Days | 54 Days | +51.5% |
Summary: Homes in Franklin Township had an average of 54 days on market in May 2024, up by 51.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Franklin Township; 26% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.