Franklin Township Housing Market Report January 2025•Portage County, Ohio

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Housing Prices in Franklin Township, OH

How much do homes in Franklin Township, OH cost?

Housing Market Conditions

Is Franklin Township, OH a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Franklin Township is a Seller's Market

Difference Since January 2024

Since last year, Franklin Township has remained a Seller's Market.

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$264,666$158/SqFt
+$4,666
+1.8%

Based on all homes sold in the last 12 months

Insight

Homes in Franklin Township have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in Franklin Township was $264,666 in January 2025, up 1.8% from last year, and the median price per square foot was $158.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Kent
+9.3%
Streetsboro
+3.2%
Franklin Township
+1.8%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$295K$150K
-49.2%
2$135K$160.5K
+18.9%
3$241.2K$251.2K
+4.1%
4$337.4K$350K
+3.7%
5$402.6K$355K
-11.8%

Summary: Franklin Township housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -49.2%. The home price for 2 bedroom homes increased by +18.9%. The home price for 3 bedroom homes increased by +4.1%. The home price for 4 bedroom homes increased by +3.7%. The home price for 5 bedroom homes decreased by -11.8%.

Housing supply in Franklin Township, OH

How many homes are available in Franklin Township, OH?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
86Last MonthJan 2025
822 months agoDec 2024
+4.9 %
Change MoMDec – Jan

Summary: The Franklin Township real estate market had 86 homes for sale in Jan 2025, a 4.9 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
17Last MonthJan 2025
192 months agoDec 2024
-10.5 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
21012
+20.0%
35046
-8.0%
41519
+26.7%
579
+28.6%

Summary: Franklin Township housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +20.0%. The inventory for 3 bedroom homes decreased by -8.0%. The inventory for 4 bedroom homes increased by +26.7%. The inventory for 5 bedroom homes increased by +28.6%.

Asking Price vs. Sold Price

How much do homes in Franklin Township, OH cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price3 Homes

Under Asking Price12 Homes

Insight

If you're buying a home in Franklin Township, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Franklin Township in January 2025, down by 10.5% month-over-month. Of the 17 sold homes, 71% were sold under asking, 18% were sold at asking, and and 12% were sold over asking.

Days on Market for Franklin Township, OH

How long does it take to sell a home in Franklin Township, OH?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days2 Homes

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Franklin Township has remained consistent over time.

Summary: During January 2025, 17 homes were sold in Franklin Township; 6% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
47 DaysThis YearJan 2025
54 Days1 year agoJan 2024
-12.1 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Franklin Township had an average listing age of 47 days in Jan 2025, down by 12.1% compared to the previous year.

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Newest Listings in Franklin Township, OH

What homes are available in Franklin Township, OH?

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MLS Disclaimers and Copyright

Based on information from Dayton MLS, MLS Now, and MLS of Greater Cincinnati for the period 02/01/2023 - 02/01/2025

IDXThis information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 DABR MLS. All Rights Reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/3/2025, 9:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXCopyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/3/2025, 9:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Broker ReciprocityThis information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Copyright ©2025 by the Multiple Listing Service of Greater Cincinnati, Inc. All rights reserved. For the most current information, contact your Broker.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/3/2025, 9:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.