$2,969 Closing Credit*
$250,000
2 Beds
•1 Full Bath
Listing Office: COLDWELL BANKER REALTY
Is Frankford Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Frankford Township has remained a Seller's Market.
Key Takeaway
Frankford Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frankford Township, NJ
How much do homes in Frankford Township, NJ cost?
Median Sold Price
$455,000
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$95,000(+26.4%)
Key Takeaway
Homes in Frankford Township have sold for 26.4% more than they did a year ago.
Summary: The median home sold price in Frankford Township was $455,000 in October 2024, up 26.4% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192.5K | $67.5K | -64.9% |
| 2 Bedrooms | $241.4K | $265K | +9.8% |
| 3 Bedrooms | $360K | $435K | +20.8% |
| 4 Bedrooms | $510K | $610K | +19.6% |
| 5+ Bedrooms | $650K | $650K | 0.0% |
Summary: Frankford Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.9%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Frankford Township | $360K | $455K | +26.4% |
| Branchville | $350K | $426.4K | +21.8% |
| Lafayette | $445K | $425K | -4.5% |
| Lafayette Township | $462.5K | $420K | -9.2% |
Housing Supply in Frankford Township, NJ
How many homes are available in Frankford Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 22 | +10.0% |
Summary: The Frankford Township real estate market had 22 homes for sale in October 2024, a 10.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Frankford Township 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 increased by 50%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frankford Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Frankford Township in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Frankford Township, NJ
How long does it take to sell a home in Frankford Township, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Frankford Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Frankford Township; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.