Is Franklin 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, Franklin Township has remained a Seller's Market.
Housing Prices in Franklin Township, NJ
How much do homes in Franklin Township, NJ cost?
Median Sold Price
$355,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Franklin Township was $355,000 in April 2024, up 18.3% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $237K | $270K | +13.9% |
3 Bedrooms | $280K | $327.5K | +17.0% |
4 Bedrooms | $514K | $550.5K | +7.1% |
5+ Bedrooms | $505K | $485K | -4.0% |
Summary: Franklin Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $300K | $355K | +18.3% |
Asbury | $493.5K | $515.1K | +4.4% |
Bethlehem Township | $549.5K | $559K | +1.7% |
Bloomsbury | $495K | $485K | -2.0% |
Stewartsville | $445K | $425K | -4.5% |
Housing Supply in Franklin Township, NJ
How many homes are available in Franklin Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 48 | +26.3% |
Summary: The Franklin Township real estate market had 48 homes for sale in April 2024, a 26.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 7 | +75.0% |
3 Bedrooms | 13 | 17 | +30.8% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Franklin 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 increased by 75%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 10 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Franklin Township in April 2024, up by 100.0% month-over-month. Of the 10 sold homes, 10% were sold under asking, 30% were sold at asking, and 60% were sold over asking.
Days on Market for Franklin Township, NJ
How long does it take to sell a home in Franklin Township, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Franklin Township; 10% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.