$7,113 Closing Credit*
$599,000
4 Beds
•1 Full Bath
Listing Office: Signature Premier Properties
Is Franklin Square, NY 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, Franklin Square has remained a Seller's Market.
Key Takeaway
Franklin Square is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Franklin Square, NY
How much do homes in Franklin Square, NY cost?
Median Sold Price
$760,000
$455/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$87,500(+13.0%)
Key Takeaway
Homes in Franklin Square have sold for 13% more than they did a year ago.
Summary: The median home sold price in Franklin Square was $760,000 in October 2024, up 13% from last year, and the median price per square foot was $455.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $537.5K | $570K | +6.0% |
| 3 Bedrooms | $640K | $725K | +13.3% |
| 4 Bedrooms | $695K | $755K | +8.6% |
| 5+ Bedrooms | $862.5K | $885K | +2.6% |
Summary: Franklin Square 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 6%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Garden City South | $710K | $892.5K | +25.7% |
| Franklin Square | $672.5K | $760K | +13.0% |
| Town of Hempstead | $635K | $698.9K | +10.1% |
| Elmont | $610K | $665K | +9.0% |
| West Hempstead | $632.5K | $689K | +8.9% |
Housing Supply in Franklin Square, NY
How many homes are available in Franklin Square, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 93 | 90 | -3.2% |
Summary: The Franklin Square real estate market had 90 homes for sale in October 2024, a 3.2% decrease 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 33 | 32 | -3.0% |
| 4 Bedrooms | 29 | 34 | +17.2% |
| 5+ Bedrooms | 28 | 23 | -17.9% |
Summary: The Franklin Square 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 decreased by 100%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes decreased by 17.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin Square, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Franklin Square in October 2024, down by 20.0% month-over-month. Of the 16 sold homes, 56% were sold under asking, 0% were sold at asking, and 44% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 55 Days | 58 Days | +4.4% |
Summary: Homes in Franklin Square had an average of 58 days on market in Oct 2024, up by 4.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Franklin Square are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Franklin Square; 38% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 31% 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.