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

$270,000

$179/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$1,000(+0.4%)

Key Takeaway

The sold price of homes in Franklin Township has remained the same since last month.

Summary: The median home sold price in Franklin Township was $270,000 in November 2024, up 0.4% from last month, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$170K
N/A
2 $212.4K$180K
-15.3%
3 $267K$263.5K
-1.3%
4 $368.5K$335K
-9.1%
5+ $620K$375.2K
-39.5%

Summary: Franklin Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.3%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 39.5%.

Median Sold Price Compared To Nearby Cities

Clay Township
+420.6%
Franklin Township
0.4%
Lafayette Township
-3.9%
Freedom
-22.7%

Housing Supply in Franklin Township, IN

How many homes are available in Franklin Township, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
135122-9.6%

Summary: The Franklin Township real estate market had 122 homes for sale in November 2024, a 9.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 1715
-11.8%
3 7874
-5.1%
4 3024
-20.0%
5+ 87
-12.5%

Summary: The Franklin Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.8%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
37370.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

10 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. 45.9% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in Franklin Township in November 2024, the same as the previous month. Of the 37 sold homes, 46% were sold under asking, 27% were sold at asking, and 27% 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

Oct 2024Nov 2024CHANGE
38 Days30 Days-21.1%

Summary: Homes in Franklin Township had an average of 30 days on market in Nov 2024, down by 21.1% compared to last month.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were 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 November 2024, 37 homes were sold in Franklin Township; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 8% 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 17 Days Ago

Newest Listings in Franklin Township, IN

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