Is Franklin County, PA 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 County has remained a Seller's Market.
Housing Prices in Franklin County, PA
How much do homes in Franklin County, PA cost?
Median Sold Price
$265,525
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Franklin County was $265,525 in April 2024, up 4.4% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $146.5K | $103K | -29.7% |
2 Bedrooms | $190K | $205K | +7.9% |
3 Bedrooms | $240K | $252.5K | +5.2% |
4 Bedrooms | $317.9K | $339.5K | +6.8% |
5+ Bedrooms | $373.3K | $438.9K | +17.6% |
Summary: Franklin County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.7%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 17.6%.
Median Sold Price Compared To Nearby Counties
Washington County | $279.9K | $310K | +10.7% |
Cumberland County | $280K | $300K | +7.1% |
Adams County | $274.7K | $290.6K | +5.8% |
Franklin County | $254.2K | $265.5K | +4.4% |
Housing Supply in Franklin County, PA
How many homes are available in Franklin County, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
397 | 410 | +3.3% |
Summary: The Franklin County real estate market had 410 homes for sale in April 2024, a 3.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 49 | 41 | -16.3% |
3 Bedrooms | 199 | 210 | +5.5% |
4 Bedrooms | 102 | 113 | +10.8% |
5+ Bedrooms | 43 | 44 | +2.3% |
Summary: The Franklin County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 16.3%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 2.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
109 | 95 | -12.8% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 95 homes were sold or pending in Franklin County in April 2024, down by 12.8% month-over-month. Of the 95 sold homes, 33% were sold under asking, 40% were sold at asking, and 27% were sold over asking.
Days on Market for Franklin County, PA
How long does it take to sell a home in Franklin County, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 31 Days | -11.4% |
Summary: Homes in Franklin County had an average of 31 days on market in Apr 2024, down by 11.4% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 95 homes were sold in Franklin County; 75% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.