$5,938 Closing Credit*
$500,000
3,316 SqFt
4 Beds
•2 Full Baths, 1 Partial
Christian L Lang, Listing Office: Keller Williams Hometown
Is Franklinville, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$337,250
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,225(+5.7%)
Key Takeaway
Homes in Franklinville have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Franklinville was $337,250 in November 2024, up 5.7% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $194.9K | - | N/A |
| 2 Bedrooms | $225K | $245K | +8.9% |
| 3 Bedrooms | $319.9K | $329.9K | +3.1% |
| 4 Bedrooms | $440K | $387.5K | -11.9% |
| 5+ Bedrooms | $417.5K | $462.5K | +10.8% |
Summary: Franklinville 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 increased by 8.9%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
| Clayton | $260K | $321K | +23.5% |
| Franklin Township | $300K | $349.9K | +16.7% |
| Williamstown | $300K | $330.8K | +10.3% |
| Franklinville | $319K | $337.2K | +5.7% |
Housing Supply in Franklinville, NJ
How many homes are available in Franklinville, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 39 | -20.4% |
Summary: The Franklinville real estate market had 39 homes for sale in November 2024, a 20.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 28 | 19 | -32.1% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Franklinville 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 28.6%, 3 bedroom homes decreased by 32.1%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 7 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 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. 85.7% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Franklinville in November 2024, down by 50.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 30 Days | -35.8% |
Summary: Homes in Franklinville had an average of 30 days on market in Nov 2024, down by 35.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Franklinville has remained consistent over time.
Summary: During November 2024, 7 homes were sold in Franklinville; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
