Is Franklinville, 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, Franklinville has remained a Buyer's Market.
Key Takeaway
Franklinville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Franklinville, NJ
How much do homes in Franklinville, NJ cost?
Median Sold Price
$315,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Franklinville has remained the same since last year.
Summary: The median home sold price in Franklinville was $315,000 in April 2024, down 0.3% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $194.9K | +85.6% |
| 2 Bedrooms | $200K | $220K | +10.0% |
| 3 Bedrooms | $290K | $335.1K | +15.6% |
| 4 Bedrooms | $510K | $369.9K | -27.5% |
| 5+ Bedrooms | $642K | $417.5K | -35.0% |
Summary: Franklinville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.6%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 27.5%, and 5+ bedroom homes decreased by 35%.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $280K | $333K | +18.9% |
| Clayton | $239.9K | $280K | +16.7% |
| Williamstown | $285.3K | $305K | +6.9% |
| Franklinville | $316K | $315K | -0.3% |
Housing Supply in Franklinville, NJ
How many homes are available in Franklinville, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 44 | 48 | +9.1% |
Summary: The Franklinville real estate market had 48 homes for sale in April 2024, a 9.1% 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 | 5 | 8 | +60.0% |
| 3 Bedrooms | 20 | 20 | 0.0% |
| 4 Bedrooms | 18 | 18 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Franklinville 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 60%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Franklinville, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Franklinville in April 2024, down by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Franklinville, NJ
How long does it take to sell a home in Franklinville, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 22 Days | -45.9% |
Summary: Homes in Franklinville had an average of 22 days on market in Apr 2024, down by 45.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Franklinville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Franklinville; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information 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. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.