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

$300,000

$156/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$30,500(+11.3%)

Key Takeaway

Homes in Franklin Township have sold for 11.3% more than they did a month ago.

Summary: The median home sold price in Franklin Township was $300,000 in December 2024, up 11.3% from last month, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 $170K-
N/A
2 $187K$185K
-1.1%
3 $257.5K$279.9K
+8.7%
4 $335K$346.9K
+3.6%
5+ $375.2K$374.6K
-0.2%

Summary: Franklin Township housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 0.2%.

Median Sold Price Compared To Nearby Cities

Franklin Township
+11.3%
Franklin Township
+9.3%

Housing Supply in Franklin Township, IN

How many homes are available in Franklin Township, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
11796-17.9%

Summary: The Franklin Township real estate market had 96 homes for sale in December 2024, a 17.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 20
-100.0%
2 1512
-20.0%
3 6756
-16.4%
4 2622
-15.4%
5+ 76
-14.3%

Summary: The Franklin Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 16.4%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3731-16.2%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

11 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. 48.4% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Franklin Township in December 2024, down by 16.2% month-over-month. Of the 31 sold homes, 48% were sold under asking, 35% 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

Nov 2024Dec 2024CHANGE
29 Days18 Days-36.6%

Summary: Homes in Franklin Township had an average of 18 days on market in Dec 2024, down by 36.6% compared to last month.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

5 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 December 2024, 31 homes were sold in Franklin Township; 77% of homes were sold within 30 days, 16% 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 1 Day Ago

Newest Listings in Franklin Township, IN

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What housing markets are near Franklin Township, IN?