Is Franklintown, 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, Franklintown was a Neutral Market.
Key Takeaway
Franklintown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Franklintown, PA
How much do homes in Franklintown, PA cost?
Median Sold Price
$405,000
$391/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Franklintown have sold for 18.2% less than they did a year ago.
Summary: The median home sold price in Franklintown was $405,000 in April 2024, down 18.2% from last year, and the median price per square foot was $391.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $335K | +19.6% |
| 2 Bedrooms | $540K | $409K | -24.3% |
| 3 Bedrooms | $954.7K | $1.0M | +12.0% |
| 4 Bedrooms | $2.0M | $590K | -70.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Franklintown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.6%, 2 bedroom homes decreased by 24.3%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 70.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Spring Garden | $350K | $507.5K | +45.0% |
| Poplar | $355K | $467.5K | +31.7% |
| Franklintown | $495K | $405K | -18.2% |
Housing Supply in Franklintown, PA
How many homes are available in Franklintown, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 30 | +20.0% |
Summary: The Franklintown real estate market had 30 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 10 | 14 | +40.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Franklintown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklintown, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Franklintown in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Franklintown, PA
How long does it take to sell a home in Franklintown, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 108 Days | 14 Days | -87.1% |
Summary: Homes in Franklintown had an average of 14 days on market in Apr 2024, down by 87.1% compared to last year.
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
Key Takeaway
Many homes in Franklintown are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Franklintown; 100% 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.
