$2,950,000
2,246 SqFt
4 Beds
•2 Full Baths, 2 Partial
JENNIFER D GUARINO, Listing Office: Coldwell Banker Residential Brokerage - Warren
Is Frankford Township, NJ 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, Frankford Township was a Neutral Market.
Key Takeaway
Frankford Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Frankford Township, NJ
How much do homes in Frankford Township, NJ cost?
Median Sold Price
$470,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$120,000(+34.3%)
Key Takeaway
Homes in Frankford Township have sold for 34.3% more than they did a year ago.
Summary: The median home sold price in Frankford Township was $470,000 in November 2024, up 34.3% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192.5K | $67.5K | -64.9% |
| 2 Bedrooms | $234K | $265K | +13.2% |
| 3 Bedrooms | $392K | $425K | +8.4% |
| 4 Bedrooms | $550K | $596.9K | +8.5% |
| 5+ Bedrooms | $650K | $785.5K | +20.8% |
Summary: Frankford Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.9%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 20.8%.
Median Sold Price Compared To Nearby Cities
| Frankford Township | $350K | $470K | +34.3% |
| Branchville | $350K | $439.5K | +25.6% |
| Lafayette | $480K | $420K | -12.5% |
| Lafayette Township | $480K | $415K | -13.5% |
Housing Supply in Frankford Township, NJ
How many homes are available in Frankford Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Summary: The Frankford Township real estate market had 19 homes for sale in November 2024, a 13.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Frankford Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 60%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 2 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frankford Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Frankford Township in November 2024, down by 75.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Frankford Township, NJ
We’re sorry, we don't have information for this market at the moment
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.