$3,088 Closing Credit*
$260,000
1 Bed
•1 Full Bath
Iona J Golden, Listing Office: Weichert Realtors-Turnersville
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.
