Is Franklin Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Franklin Township was a Seller's Market.
Housing Prices in Franklin Township, IA
How much do homes in Franklin Township, IA cost?
Median Sold Price
$319,000
$142/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 $319,000 in April 2024, up 25.1% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $255K | N/A |
2 Bedrooms | $162.5K | $230.9K | +42.1% |
3 Bedrooms | $239K | $282.5K | +18.2% |
4 Bedrooms | $285K | $320K | +12.3% |
5+ Bedrooms | $415K | $557.3K | +34.3% |
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 42.1%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 34.3%.
Median Sold Price Compared To Nearby Cities
Lisbon | $228.2K | $290K | +27.1% |
Franklin Township | $254.9K | $319K | +25.1% |
Lisbon | $225K | $277.5K | +23.3% |
Mount Vernon | $290K | $340K | +17.2% |
Housing Supply in Franklin Township, IA
How many homes are available in Franklin Township, IA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 32 | +39.1% |
Summary: The Franklin Township real estate market had 32 homes for sale in April 2024, a 39.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 12 | 17 | +41.7% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Franklin Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Franklin Township in April 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Franklin Township, IA
How long does it take to sell a home in Franklin Township, IA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 14 Days | -58.0% |
Summary: Homes in Franklin Township had an average of 14 days on market in Apr 2024, down by 58% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Franklin Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.