$4,714 Closing Credit*
$397,000
2,332 SqFt
3 Beds
•2 Full Baths
Melissa Bishop, Listing Office: BHHS Fox & Roach-Jennersville
Is Franklin Township, PA 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, Franklin Township has remained a Seller's Market.
Key Takeaway
Franklin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Franklin Township, PA
How much do homes in Franklin Township, PA cost?
Median Sold Price
$608,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$138,000(+29.4%)
Key Takeaway
Homes in Franklin Township have sold for 29.4% more than they did a year ago.
Summary: The median home sold price in Franklin Township was $608,000 in November 2024, up 29.4% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $82.5K | $238.8K | +189.5% |
| 3 Bedrooms | $255K | $354K | +38.8% |
| 4 Bedrooms | $555K | $603.5K | +8.7% |
| 5+ Bedrooms | $1.0M | $742.5K | -25.8% |
Summary: Franklin Township 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 189.5%, 3 bedroom homes increased by 38.8%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 25.8%.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $470K | $608K | +29.4% |
| London Britain Township | $506K | $640K | +26.5% |
| Landenberg | $585K | $630K | +7.7% |
Housing Supply in Franklin Township, PA
How many homes are available in Franklin Township, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The Franklin Township real estate market had 17 homes for sale in November 2024, a 6.3% increase 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 | 0 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Franklin Township 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 decreased by 20%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Franklin Township in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Franklin Township, PA
How long does it take to sell a home in Franklin Township, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 31 Days | +19.8% |
Summary: Homes in Franklin Township had an average of 31 days on market in Nov 2024, up by 19.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Franklin Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Franklin Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
