$3,561 Closing Credit*
$299,900
1,225 SqFt
2 Beds
•2 Full Baths
Rosina Scalamogna, Listing Office: Howard Hanna Real Estate Services
Is Franklin Park, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Franklin Park has remained a Seller's Market.
Key Takeaway
Franklin Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Franklin Park, PA
How much do homes in Franklin Park, PA cost?
Median Sold Price
$542,797
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$52,847(+10.8%)
Key Takeaway
Homes in Franklin Park have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Franklin Park was $542,797 in September 2024, up 10.8% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $244.1K | $255K | +4.5% |
| 3 Bedrooms | $356K | $379.9K | +6.7% |
| 4 Bedrooms | $540K | $595K | +10.2% |
| 5+ Bedrooms | $851.3K | $730K | -14.2% |
Summary: Franklin Park housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 14.2%.
Median Sold Price Compared To Nearby Cities
| Wexford | $453.6K | $510.7K | +12.6% |
| Franklin Park | $489.9K | $542.7K | +10.8% |
| Economy | $275K | $302.5K | +10.0% |
| Marshall Township | $549.9K | $535K | -2.7% |
Housing Supply in Franklin Park, PA
How many homes are available in Franklin Park, PA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 50 | 52 | +4.0% |
Summary: The Franklin Park real estate market had 52 homes for sale in September 2024, a 4.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 27 | 30 | +11.1% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Franklin Park housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin Park, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Franklin Park in September 2024, up by 30.0% month-over-month. Of the 13 sold homes, 46% were sold under asking, 8% were sold at asking, and 46% were sold over asking.
Days on Market for Franklin Park, PA
How long does it take to sell a home in Franklin Park, PA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 23 Days | 33 Days | +41.2% |
Summary: Homes in Franklin Park had an average of 33 days on market in Sep 2024, up by 41.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Franklin Park are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 13 homes were sold in Franklin Park; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
