Is Franklin No. 2 Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Franklin No. 2 Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Franklin No. 2 Township has remained a Seller's Market.

Key Takeaway

Franklin No. 2 Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$12,450(+3.7%)

Key Takeaway

Homes in Franklin No. 2 Township have sold for 3.7% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 $282.2K$333.2K
+18.1%
4 -$335K
N/A
5+ $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 2024May 2024CHANGE
1821+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 811
+37.5%
4 24
+100.0%
5+ 85
-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 2024May 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Franklin No. 2 Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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 2024May 2024CHANGE
99 Days16 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Franklin No. 2 Township are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Franklin No. 2 Township, MO

Nearby Markets to Franklin No. 2 Township, MO