Is Franklin No. 2 Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Franklin No. 2 Township has remained a Seller's Market.
Housing Prices in Franklin No. 2 Township, MO
How much do homes in Franklin No. 2 Township, MO cost?
Median Sold Price
$352,450
-
Based on all homes sold in May 2024.
Difference Since Last Month
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $282.2K | $333.2K | +18.1% |
4 Bedrooms | - | $335K | N/A |
5+ Bedrooms | $990K | $369.9K | -62.6% |
Summary: Franklin No. 2 Township housing prices by bedroom type for May 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 18.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 62.6%.
Housing Supply in Franklin No. 2 Township, MO
How many homes are available in Franklin No. 2 Township, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 21 | +16.7% |
Summary: The Franklin No. 2 Township real estate market had 21 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 8 | 11 | +37.5% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Franklin No. 2 Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Franklin No. 2 Township in May 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Franklin No. 2 Township, MO
How long does it take to sell a home in Franklin No. 2 Township, MO?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
99 Days | 16 Days | -83.7% |
Summary: Homes in Franklin No. 2 Township had an average of 16 days on market in May 2024, down by 83.7% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Franklin No. 2 Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.