$3,551 Closing Credit*
$299,000
2,145 SqFt
3 Beds
•2 Full Baths
Anthony McAnany, Listing Office: BHHS Fox & Roach-Princeton Junction
Is Franklinville, 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, Franklinville has remained a Seller's Market.
Key Takeaway
Franklinville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Franklinville, NJ
How much do homes in Franklinville, NJ cost?
Median Sold Price
$340,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,000(+9.7%)
Key Takeaway
Homes in Franklinville have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Franklinville was $340,000 in October 2024, up 9.7% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $194.9K | - | N/A |
| 2 Bedrooms | $215K | $247.5K | +15.1% |
| 3 Bedrooms | $305K | $327.4K | +7.4% |
| 4 Bedrooms | $455K | $385K | -15.4% |
| 5+ Bedrooms | $483.5K | $480K | -0.7% |
Summary: Franklinville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $295K | $349.9K | +18.6% |
| Clayton | $275K | $305K | +10.9% |
| Williamstown | $295.8K | $326.6K | +10.4% |
| Franklinville | $310K | $340K | +9.7% |
Housing Supply in Franklinville, NJ
How many homes are available in Franklinville, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 48 | +17.1% |
Summary: The Franklinville real estate market had 48 homes for sale in October 2024, a 17.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 7 | +133.3% |
| 3 Bedrooms | 26 | 27 | +3.8% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Franklinville 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 133.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 13 | +160.0% |
Asking Price vs. Sold Price
3 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 Franklinville, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Franklinville in October 2024, up by 160.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 31% were sold at asking, and 46% were sold over asking.
Days on Market for Franklinville, NJ
How long does it take to sell a home in Franklinville, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 43 Days | +140.5% |
Summary: Homes in Franklinville had an average of 43 days on market in Oct 2024, up by 140.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Franklinville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Franklinville; 46% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.