$6,413 Closing Credit*
$540,000
2,153 SqFt
4 Beds
•2 Full Baths, 1 Partial
Gail Scott/Sharon Abelman, Listing Office: Howard Hanna Real Estate Services
Is Franklin Park, PA 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 Park was a Seller's Market.
Key Takeaway
Franklin Park 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 Park, PA
How much do homes in Franklin Park, PA cost?
Median Sold Price
$568,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$70,550(+14.2%)
Key Takeaway
Homes in Franklin Park have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Franklin Park was $568,000 in November 2024, up 14.2% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $267K | $250K | -6.4% |
| 3 Bedrooms | $372K | $410K | +10.2% |
| 4 Bedrooms | $550K | $625K | +13.6% |
| 5+ Bedrooms | $864.9K | $692.5K | -19.9% |
Summary: Franklin Park 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 decreased by 6.4%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 19.9%.
Median Sold Price Compared To Nearby Cities
| Economy | $272.5K | $315K | +15.6% |
| Franklin Park | $497.4K | $568K | +14.2% |
| Marshall Township | $520K | $575K | +10.6% |
| Wexford | $475K | $515K | +8.4% |
Housing Supply in Franklin Park, PA
How many homes are available in Franklin Park, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 47 | +4.4% |
Summary: The Franklin Park real estate market had 47 homes for sale in November 2024, a 4.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 27 | 29 | +7.4% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Franklin Park 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin Park, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Franklin Park in November 2024, down by 22.2% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Franklin Park, PA
How long does it take to sell a home in Franklin Park, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 32 Days | +72.2% |
Summary: Homes in Franklin Park had an average of 32 days on market in Nov 2024, up by 72.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Franklin Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Franklin Park; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
