Is Frankford Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Frankford Township has remained a Seller's Market.
Key Takeaway
Frankford Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frankford Township, NJ
How much do homes in Frankford Township, NJ cost?
Median Sold Price
$415,000
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Frankford Township have sold for 3.8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $255K | +96.2% |
| 2 Bedrooms | $270K | $265K | -1.9% |
| 3 Bedrooms | $362.5K | $417.5K | +15.2% |
| 4 Bedrooms | $526.6K | $594.1K | +12.8% |
| 5+ Bedrooms | $605K | $580K | -4.1% |
Summary: Frankford Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 96.2%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Branchville | $362.5K | $415K | +14.5% |
| Frankford Township | $400K | $415K | +3.8% |
| Lafayette | $437.3K | $435K | -0.5% |
| Lafayette Township | $441.1K | $435K | -1.4% |
Housing Supply in Frankford Township, NJ
How many homes are available in Frankford Township, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 29 | -12.1% |
Summary: The Frankford Township real estate market had 29 homes for sale in April 2024, a 12.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Frankford Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frankford Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Frankford Township in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Frankford Township, NJ
We’re sorry, we don't have information for this market at the moment
