Is Franklin Township, OH 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 October 2023

Since last year, 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, OH

How much do homes in Franklin Township, OH cost?

Median Sold Price

$255,805

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,138(+6.7%)

Key Takeaway

Homes in Franklin Township have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Franklin Township was $255,805 in October 2024, up 6.7% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $295K-
N/A
2 $122.9K$160K
+30.2%
3 $225K$237.5K
+5.6%
4 $325K$350K
+7.7%
5+ $385K$318K
-17.4%

Summary: Franklin Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 17.4%.

Housing Supply in Franklin Township, OH

How many homes are available in Franklin Township, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8882-6.8%

Summary: The Franklin Township real estate market had 82 homes for sale in October 2024, a 6.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 86
-25.0%
3 5547
-14.5%
4 1921
+10.5%
5+ 68
+33.3%

Summary: The Franklin Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 14.5%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2517-32.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 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. 47.1% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Franklin Township in October 2024, down by 32.0% month-over-month. Of the 17 sold homes, 47% were sold under asking, 29% were sold at asking, and 24% were sold over asking.

Days on Market for Franklin Township, OH

We’re sorry, we don't have information for this market at the moment

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 Franklin Township, OH

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