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Franklin Township is located in the Southeast corner of Marion County and is one of the nine townships that make up Marion County and Indianapolis. The borders of Franklin Township are County Line Road to the south, Emerson Avenue to the west, Troy Avenue to the north, and Carroll Road to the east.
Franklin Township was established as a township in 1824 and is still home to two of its founding communities Wanamaker and Acton. Franklin Township is among the last areas of Marion County to witness residential and commercial development as a result of the growth and expansion of Indianapolis. Most of the expansion has started on the western borders of Franklin Township and is quickly traveling to the eastern portion of the township.
Franklin Township real estate offers a wide variety of homes, condos, and town homes for Indianapolis home buyers. Indianapolis real estate in Franklin Township typically ranges from $80,000 - $700,000 with the average home price around $150,000.
Rebate Real Estate offers a 50% commission rebate on all Indianapolis homes in Franklin Township. If you are considering buying or selling Franklin Township real estate, let Rebate Real Estate represent you as you Indianapolis real estate agent and give you a 50% commission rebate.
Please feel free to use our database to search all Indianapolis Homes for sale.
Due to the availability of land and its proximity to Indianapolis and major highways, Franklin Township is one of the most popular areas for Indianapolis new homes. The majority of new homes in Franklin Township are geared towards the first time home buyers and are priced below $200,000. However, there are several communities in Franklin Township that offer homes that range from $250,000 and up including several custom home builders. Some of the Indianapolis new home builders with communities currently in Franklin Township are: C.P. Morgan, Beazer Homes, Davis Homes, M/I Homes, KB Homes, Centex Homes, Arbor Homes, Hansen and Horn, Princeton Homes, Ryland Homes, Pulte Homes, and Estridge.
Rebate Real Estate offers a 50% commission rebate on almost all Indianapolis new home builders in Franklin Township. Please visit our Indianapolis New Homes page to find out more.
2006 |
2007 |
% Change |
|
Active |
N/A |
595 |
|
Homes Sold |
75 |
52 |
-31% |
Average Selling Price |
$148,272 |
$140,702 |
-5% |
Days on Market |
95 |
107 |
13% |
Price Per Square Foot |
$74 |
$68 |
-8% |
- The number of homes sold in Franklin Township is down 31% over last year.
- The average selling price for Franklin Township real estate is down 5% compared to 2006.
- There are currently 595 homes on the market in Franklin Township.
- There is a 7.70 month supply of homes on the Franklin Township real estate market.
# of Homes Sold |
Average Sales Price |
|||||
2006 |
2007 |
% Change | 2006 |
2007 |
% Change | |
| Jan. | 47 |
44 |
-6.38% |
$146,450 |
$114,148 |
-22.06% |
| Feb. | 79 |
77 |
-2.53% |
$135,481 |
$130,488 |
-3.69% |
| March | 94 |
73 |
-22.34% |
$133,520 |
$139,334 |
4.35% |
| April | 81 |
103 |
27.16% |
$138,611 |
$131,665 |
-5.01% |
| May | 110 |
107 |
-2.73% |
$145,436 |
$142,741 |
-1.85% |
| June | 91 |
105 |
15.38% |
$141,941 |
$128,998 |
-9.12% |
| July | 88 |
80 |
-9.09% |
$134,509 |
$132,345 |
-1.61% |
| Aug. | 88 |
79 |
-10.23% |
$142,065 |
$135,028 |
-4.95% |
| Sept. | 83 |
63 |
-24.10% |
$153,346 |
$143,465 |
-6.44% |
| Oct. | 79 |
78 |
-1.27% |
$132,030 |
$143,907 |
9.00% |
| Nov. | 81 |
62 |
-23.46% |
$137,249 |
$136,430 |
-0.60% |
| Dec. | 75 |
52 |
-30.67% |
$148,272 |
$140,702 |
-5.11% |
| Totals | 996 |
923 |
-7.33% |
$140,743 |
$134,938 |
-4.12% |
*Sold homes numbers are calculated on all homes selling in Franklin Township Indianapolis under $500,000.
Please see the Indianapolis Real Estate portion of our blog to see previous months and other Indianapolis Real Estate news.
Rebate Real Estate
317-362-4064
mtaylor@indyrebaterealestate.com
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