$5,581 Closing Credit*
$469,990
2,332 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jaime Hurlock, Listing Office: Long & Foster Real Estate, Inc.
Is Frankford, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Frankford was a Neutral Market.
Key Takeaway
Frankford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frankford, DE
How much do homes in Frankford, DE cost?
Median Sold Price
$443,000
$210/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$9,000(-2.0%)
Key Takeaway
Homes in Frankford have sold for 2% less than they did a month ago.
Summary: The median home sold price in Frankford was $443,000 in October 2024, down 2% from last month, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $307.5K | - | N/A |
| 3 Bedrooms | $430.9K | $396.5K | -8.0% |
| 4 Bedrooms | $680K | $565K | -16.9% |
| 5+ Bedrooms | $530K | $620K | +17.0% |
Summary: Frankford housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes increased by 17%.
Housing Supply in Frankford, DE
How many homes are available in Frankford, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 123 | 123 | 0.0% |
Summary: The Frankford real estate market had 123 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 64 | 61 | -4.7% |
| 4 Bedrooms | 48 | 53 | +10.4% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Frankford housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frankford, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Frankford in October 2024, the same as the previous month. Of the 21 sold homes, 52% were sold under asking, 19% were sold at asking, and 29% were sold over asking.
Days on Market for Frankford, DE
How long does it take to sell a home in Frankford, DE?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 Days | 70 Days | -13.0% |
Summary: Homes in Frankford had an average of 70 days on market in Oct 2024, down by 13% compared to last month.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Frankford are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in Frankford; 43% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
