$178 Closing Credit*
$15,000
1,152 SqFt
3 Beds
•1 Full Bath
Adam M Shpritz, Listing Office: Ashland Auction Group LLC
Is Franklintown Road, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Franklintown Road was a Seller's Market.
Key Takeaway
Franklintown Road is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Franklintown Road, MD
How much do homes in Franklintown Road, MD cost?
Median Sold Price
$69,500
$61/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$9,250(-11.7%)
Key Takeaway
Homes in Franklintown Road have sold for 11.7% less than they did a year ago.
Summary: The median home sold price in Franklintown Road was $69,500 in November 2024, down 11.7% from last year, and the median price per square foot was $61.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $112.4K | $65K | -42.2% |
| 3 Bedrooms | $78.6K | $57K | -27.5% |
| 4 Bedrooms | $122.5K | $165K | +34.7% |
| 5+ Bedrooms | $263K | $71.5K | -72.8% |
Summary: Franklintown Road housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 42.2%, 3 bedroom homes decreased by 27.5%, 4 bedroom homes increased by 34.7%, and 5+ bedroom homes decreased by 72.8%.
Housing Supply in Franklintown Road, MD
How many homes are available in Franklintown Road, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Summary: The Franklintown Road real estate market had 13 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Franklintown Road housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklintown Road, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Franklintown Road in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Franklintown Road, MD
How long does it take to sell a home in Franklintown Road, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 34 Days | +54.5% |
Summary: Homes in Franklintown Road had an average of 34 days on market in Nov 2024, up by 54.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Franklintown Road has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Franklintown Road; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
