$3,324 Closing Credit*
$279,900
1,924 SqFt
3 Beds
•2 Full Baths
Roxane Acup, Listing Office: Acup Team, LLC
Is Franklin Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $205K | $212.4K | +3.6% |
| 3 Bedrooms | $299.4K | $265K | -11.5% |
| 4 Bedrooms | $322.5K | $330K | +2.3% |
| 5+ Bedrooms | $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 | $295K | $265K | -10.2% |
| Franklin Township | $295K | $265K | -10.2% |
Housing Supply in Franklin Township, IN
How many homes are available in Franklin Township, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 141 | 132 | -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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 17 | 15 | -11.8% |
| 3 Bedrooms | 74 | 73 | -1.4% |
| 4 Bedrooms | 41 | 34 | -17.1% |
| 5+ Bedrooms | 9 | 8 | -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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 31 | -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
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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 37 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
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.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.
The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.