$2,838 Closing Credit*
$239,000
3 Beds
•1 Full Bath, 1 Partial
CARL E OCKER, Listing Office: Core LLC
Is Franklin County, PA 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 County has remained a Seller's Market.
Key Takeaway
Franklin County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Franklin County, PA
How much do homes in Franklin County, PA cost?
Median Sold Price
$275,004
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,641(+4.0%)
Key Takeaway
Homes in Franklin County have sold for 4% more than they did a year ago.
Summary: The median home sold price in Franklin County was $275,004 in October 2024, up 4% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $119.7K | $157K | +31.2% |
| 2 Bedrooms | $198K | $216.2K | +9.2% |
| 3 Bedrooms | $249.9K | $264.9K | +6.0% |
| 4 Bedrooms | $330.1K | $342.5K | +3.7% |
| 5+ Bedrooms | $440K | $422.9K | -3.9% |
Summary: Franklin County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.2%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 3.9%.
Median Sold Price Compared To Nearby Counties
| Adams County | $284.3K | $309.9K | +9.0% |
| Franklin County | $264.3K | $275K | +4.0% |
| Washington County | $300.7K | $310K | +3.1% |
| Cumberland County | $298.7K | $305.1K | +2.2% |
Housing Supply in Franklin County, PA
How many homes are available in Franklin County, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 471 | 484 | +2.8% |
Summary: The Franklin County real estate market had 484 homes for sale in October 2024, a 2.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 67 | 63 | -6.0% |
| 3 Bedrooms | 247 | 253 | +2.4% |
| 4 Bedrooms | 124 | 137 | +10.5% |
| 5+ Bedrooms | 31 | 29 | -6.5% |
Summary: The Franklin County 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 6%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 6.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 117 | 106 | -9.4% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin County, you may be able to get a good deal. 40.6% of homes here sold below asking price last month.
Summary: A total of 106 homes were sold or pending in Franklin County in October 2024, down by 9.4% month-over-month. Of the 106 sold homes, 41% were sold under asking, 39% were sold at asking, and 21% were sold over asking.
Days on Market for Franklin County, PA
How long does it take to sell a home in Franklin County, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 33 Days | -0.7% |
Summary: Homes in Franklin County had an average of 33 days on market in Oct 2024, down by 0.7% compared to last year.
Breakdown of Home Sale Times
72 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Franklin County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 106 homes were sold in Franklin County; 68% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
