Is Franklin Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Franklin Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Since last month, Franklin Township has remained a Neutral Market.

Key Takeaway

Franklin Township 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 Township, PA

How much do homes in Franklin Township, PA cost?

Median Sold Price

$245,000

$146/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$405,000(-62.3%)

Key Takeaway

Homes in Franklin Township have sold for 62.3% less than they did a month ago.

Summary: The median home sold price in Franklin Township was $245,000 in December 2024, down 62.3% from last month, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $650K-
N/A
4 -$245K
N/A
5+ --
N/A

Summary: Franklin Township housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Franklin Township, PA

How many homes are available in Franklin Township, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
67+16.7%

Summary: The Franklin Township real estate market had 7 homes for sale in December 2024, a 16.7% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 01
+100.0%
3 33
0.0%
4 11
0.0%
5+ 11
0.0%

Summary: The Franklin Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Franklin Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Franklin Township in December 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% 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 2024Dec 2024CHANGE
75 Days6 Days-92.0%

Summary: Homes in Franklin Township had an average of 6 days on market in Dec 2024, down by 92% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Franklin Township are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 1 homes were sold in Franklin Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Franklin Township, PA

Nearby Markets to Franklin Township, PA