Is North Franklin Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, North Franklin Township has remained a Seller's Market.
Key Takeaway
North Franklin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Franklin Township, PA
How much do homes in North Franklin Township, PA cost?
Median Sold Price
$215,750
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Franklin Township have sold for 5.8% less than they did a year ago.
Summary: The median home sold price in North Franklin Township was $215,750 in May 2024, down 5.8% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $108.5K | $63K | -41.9% |
| 2 Bedrooms | $149.9K | $158K | +5.4% |
| 3 Bedrooms | $233.3K | $220K | -5.7% |
| 4 Bedrooms | $287.4K | $286.5K | -0.3% |
| 5+ Bedrooms | $305.5K | $459K | +50.2% |
Summary: North Franklin Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.9%, 2 bedroom homes increased by 5.4%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 50.2%.
Median Sold Price Compared To Nearby Cities
| South Strabane Township | $245K | $277.6K | +13.3% |
| Washington | $214.9K | $221K | +2.8% |
| North Franklin Township | $229K | $215.7K | -5.8% |
| Canton Township | $231.2K | $204K | -11.8% |
Housing Supply in North Franklin Township, PA
How many homes are available in North Franklin Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The North Franklin Township real estate market had 18 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The North Franklin Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Franklin Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in North Franklin Township in May 2024, down by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for North Franklin Township, PA
How long does it take to sell a home in North Franklin Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 17 Days | +50.0% |
Summary: Homes in North Franklin Township had an average of 17 days on market in May 2024, up by 50% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Franklin Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in North Franklin Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
