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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Frankton is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Frankton was a Neutral Market.

Key Takeaway

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

Housing Prices in Frankton, IN

How much do homes in Frankton, IN cost?

Median Sold Price

$190,000

$153/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$36,250(-16.0%)

Key Takeaway

Homes in Frankton have sold for 16% less than they did a month ago.

Summary: The median home sold price in Frankton was $190,000 in December 2024, down 16% from last month, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $225K$190K
-15.6%
4 $227.5K-
N/A
5+ --
N/A

Summary: Frankton 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 did not change, 3 bedroom homes decreased by 15.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lafayette Township
-10.8%
Frankton
-16.0%

Housing Supply in Frankton, IN

How many homes are available in Frankton, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1211-8.3%

Summary: The Frankton real estate market had 11 homes for sale in December 2024, a 8.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 88
0.0%
4 21
-50.0%
5+ 11
0.0%

Summary: The Frankton housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was 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. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Frankton in December 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% 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

Nov 2024Dec 2024CHANGE
137 Days46 Days-66.2%

Summary: Homes in Frankton had an average of 46 days on market in Dec 2024, down by 66.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 2 homes were sold in Frankton; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

Newest Listings in Frankton, IN

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