Is Frankton, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Frankton is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Frankton was a Seller's Market.

Key Takeaway

Frankton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Frankton, IN

How much do homes in Frankton, IN cost?

Median Sold Price

$226,250

$156/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$26,250(+13.1%)

Key Takeaway

Homes in Frankton have sold for 13.1% more than they did a month ago.

Summary: The median home sold price in Frankton was $226,250 in November 2024, up 13.1% from last month, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $200K$225K
+12.5%
4 -$227.5K
N/A
5+ --
N/A

Summary: Frankton 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 did not change, 3 bedroom homes increased by 12.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Frankton, IN

How many homes are available in Frankton, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1314+7.7%

Summary: The Frankton real estate market had 14 homes for sale in November 2024, a 7.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 98
-11.1%
4 34
+33.3%
5+ 11
0.0%

Summary: The Frankton 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 increased by 100%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Frankton, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Frankton in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Frankton, IN

How long does it take to sell a home in Frankton, IN?

Average Sale Time

Oct 2024Nov 2024CHANGE
96 Days137 Days+43.2%

Summary: Homes in Frankton had an average of 137 days on market in Nov 2024, up by 43.2% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Frankton has remained consistent over time.

Summary: During November 2024, 2 homes were sold in Frankton; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 2 Days Ago

Newest Listings in Frankton, IN

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