Is Franklin Township, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Franklin Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Franklin Township has remained a Seller's Market.

Key Takeaway

Franklin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Franklin Township, IN

How much do homes in Franklin Township, IN cost?

Median Sold Price

$265,000

$161/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$30,000(-10.2%)

Key Takeaway

Homes in Franklin Township have sold for 10.2% less than they did a month ago.

Summary: The median home sold price in Franklin Township was $265,000 in October 2024, down 10.2% from last month, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $205K$212.4K
+3.6%
3 $299.4K$265K
-11.5%
4 $322.5K$330K
+2.3%
5+ $362.5K$620K
+71.0%

Summary: Franklin Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 71%.

Median Sold Price Compared To Nearby Cities

Franklin Township
-10.2%
Franklin Township
-10.2%

Housing Supply in Franklin Township, IN

How many homes are available in Franklin Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
141132-6.4%

Summary: The Franklin Township real estate market had 132 homes for sale in October 2024, a 6.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 02
+100.0%
2 1715
-11.8%
3 7473
-1.4%
4 4134
-17.1%
5+ 98
-11.1%

Summary: The Franklin Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4831-35.4%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Franklin Township, you may be able to get a good deal. 51.6% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Franklin Township in October 2024, down by 35.4% month-over-month. Of the 31 sold homes, 52% were sold under asking, 32% were sold at asking, and 16% 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

Sep 2024Oct 2024CHANGE
23 Days37 Days+60.8%

Summary: Homes in Franklin Township had an average of 37 days on market in Oct 2024, up by 60.8% compared to last month.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Franklin Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 31 homes were sold in Franklin Township; 52% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in Franklin Township, IN

Nearby Markets to Franklin Township, IN

What housing markets are near Franklin Township, IN?