Is Franklin Park, OH 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 Park has remained a Seller's Market.
Housing Prices in Franklin Park, OH
How much do homes in Franklin Park, OH cost?
Median Sold Price
$170,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Franklin Park was $170,000 in April 2024, up 6.3% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $68K | $65K | -4.4% |
2 Bedrooms | $129.9K | $135K | +3.9% |
3 Bedrooms | $159.6K | $165K | +3.4% |
4 Bedrooms | $211K | $220K | +4.3% |
5+ Bedrooms | $267.5K | $271.7K | +1.6% |
Summary: Franklin Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Neighborhoods
Westgate | $178K | $195K | +9.6% |
Whitmer / Trilby | $149.9K | $160K | +6.7% |
Franklin Park | $160K | $170K | +6.3% |
DeVeaux | $123.9K | $129.9K | +4.8% |
Housing Supply in Franklin Park, OH
How many homes are available in Franklin Park, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 34 | -8.1% |
Summary: The Franklin Park real estate market had 34 homes for sale in April 2024, a 8.1% decrease 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 | 5 | 0.0% |
3 Bedrooms | 25 | 23 | -8.0% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Franklin Park 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 remained the same, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 9 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Franklin Park in April 2024, down by 40.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 11% were sold at asking, and 78% were sold over asking.
Days on Market for Franklin Park, OH
How long does it take to sell a home in Franklin Park, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 36 Days | -17.7% |
Summary: Homes in Franklin Park had an average of 36 days on market in Apr 2024, down by 17.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Franklin Park; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.