$4,155 Closing Credit*
$349,900
3 Beds
•2 Full Baths, 1 Partial
Amy Stamps, Listing Office: Keller Williams Home Town Rlty
Is Franklin Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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
$259,333
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$24,666(+10.5%)
Key Takeaway
Homes in Franklin Township have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Franklin Township was $259,333 in August 2024, up 10.5% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | - | N/A |
| 2 Bedrooms | $128.9K | $160K | +24.1% |
| 3 Bedrooms | $220.4K | $238K | +8.0% |
| 4 Bedrooms | $325K | $350K | +7.7% |
| 5+ Bedrooms | $362.5K | $323K | -10.9% |
Summary: Franklin Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.1%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 10.9%.
Median Sold Price Compared To Nearby Cities
| German Township | $179K | $205K | +14.5% |
| Franklin Township | $234.6K | $259.3K | +10.5% |
| Dover Township | $212.5K | $217K | +2.1% |
Housing Supply in Franklin Township, OH
How many homes are available in Franklin Township, OH?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 98 | 83 | -15.3% |
Summary: The Franklin Township real estate market had 83 homes for sale in August 2024, a 15.3% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 5 | -50.0% |
| 3 Bedrooms | 52 | 49 | -5.8% |
| 4 Bedrooms | 28 | 24 | -14.3% |
| 5+ Bedrooms | 7 | 4 | -42.9% |
Summary: The Franklin Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 31 | 33 | +6.5% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
9 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. 57.6% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Franklin Township in August 2024, up by 6.5% month-over-month. Of the 33 sold homes, 58% were sold under asking, 27% were sold at asking, and 15% were sold over asking.
Days on Market for Franklin Township, OH
How long does it take to sell a home in Franklin Township, OH?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 1 Days | 66 Days | +4333.3% |
Summary: Homes in Franklin Township had an average of 66 days on market in Aug 2024, up by 4333.3% compared to last year.
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
Key Takeaway
Avg time on Rocket Homes in Franklin Township has remained consistent over time.
Summary: During August 2024, 33 homes were sold in Franklin Township; 0% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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