$10,000 Closing Credit*
$1,498,000
3,150 SqFt
5 Beds
•4 Full Baths, 1 Partial
Listing Office: Prestige R E Holdings LLC
Is Franklin Square, NY 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, Franklin Square was a Seller's Market.
Key Takeaway
Franklin Square is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Franklin Square, NY
How much do homes in Franklin Square, NY cost?
Median Sold Price
$752,500
$466/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$67,500(+9.9%)
Key Takeaway
Homes in Franklin Square have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Franklin Square was $752,500 in November 2024, up 9.9% from last year, and the median price per square foot was $466.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $537.5K | $575K | +7.0% |
| 3 Bedrooms | $650K | $710K | +9.2% |
| 4 Bedrooms | $700K | $755K | +7.9% |
| 5+ Bedrooms | $868K | $885K | +2.0% |
Summary: Franklin Square 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 7%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Neighborhoods
| Franklin Square | $685K | $752.5K | +9.9% |
| Elmont | $615K | $675K | +9.8% |
| Town of Hempstead | $638.1K | $700K | +9.7% |
| West Hempstead | $638K | $698.5K | +9.5% |
Housing Supply in Franklin Square, NY
How many homes are available in Franklin Square, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 87 | 84 | -3.4% |
Summary: The Franklin Square real estate market had 84 homes for sale in November 2024, a 3.4% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 32 | 28 | -12.5% |
| 4 Bedrooms | 32 | 28 | -12.5% |
| 5+ Bedrooms | 22 | 26 | +18.2% |
Summary: The Franklin Square 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 increased by 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin Square, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Franklin Square in November 2024, down by 29.4% month-over-month. Of the 12 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Franklin Square, NY
How long does it take to sell a home in Franklin Square, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 62 Days | +63.9% |
Summary: Homes in Franklin Square had an average of 62 days on market in Nov 2024, up by 63.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Franklin Square has remained consistent over time.
Summary: During November 2024, 12 homes were sold in Franklin Square; 33% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. 
The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally