Is Frankford, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Frankford was a Seller's Market.
Housing Prices in Frankford, PA
How much do homes in Frankford, PA cost?
Median Sold Price
$146,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Frankford was $146,000 in April 2024, up 12.3% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $95K | N/A |
2 Bedrooms | $127.5K | $120K | -5.9% |
3 Bedrooms | $130K | $150K | +15.4% |
4 Bedrooms | $217.4K | $149K | -31.5% |
5+ Bedrooms | $155K | $175K | +12.9% |
Summary: Frankford 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 decreased by 5.9%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 31.5%, and 5+ bedroom homes increased by 12.9%.
Median Sold Price Compared To Nearby Neighborhoods
Frankford | $130K | $146K | +12.3% |
Bridesburg | $214.9K | $228K | +6.1% |
Wissinoming | $184.9K | $190K | +2.7% |
Near Northeast Philadelphia | $220K | $219.9K | 0% |
Northwood | $184.5K | $180K | -2.4% |
Housing Supply in Frankford, PA
How many homes are available in Frankford, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
90 | 99 | +10.0% |
Summary: The Frankford real estate market had 99 homes for sale in April 2024, a 10.0% 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 | 24 | 28 | +16.7% |
3 Bedrooms | 50 | 52 | +4.0% |
4 Bedrooms | 13 | 17 | +30.8% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Frankford 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 16.7%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 12 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Frankford in April 2024, down by 33.3% month-over-month. Of the 12 sold homes, 17% were sold under asking, 42% were sold at asking, and 42% were sold over asking.
Days on Market for Frankford, PA
How long does it take to sell a home in Frankford, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
70 Days | 40 Days | -42.6% |
Summary: Homes in Frankford had an average of 40 days on market in Apr 2024, down by 42.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Frankford; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.