$3,563 Closing Credit*
$300,000
674 SqFt
1 Bed
•1 Full Bath
Kenneth McCoy, Listing Office: Coldwell Banker Realty
Is Franklintown, 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, Franklintown has remained a Buyer's Market.
Key Takeaway
Franklintown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Franklintown, PA
How much do homes in Franklintown, PA cost?
Median Sold Price
$433,000
$389/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,500(+2.5%)
Key Takeaway
Homes in Franklintown have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Franklintown was $433,000 in November 2024, up 2.5% from last year, and the median price per square foot was $389.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | $279K | -16.7% |
| 2 Bedrooms | $425K | $475K | +11.8% |
| 3 Bedrooms | $1.0M | $1.0M | +1.7% |
| 4 Bedrooms | $590K | $990K | +67.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Franklintown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 67.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Spring Garden | $401.5K | $557.5K | +38.9% |
| Franklintown | $422.5K | $433K | +2.5% |
Housing Supply in Franklintown, PA
How many homes are available in Franklintown, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 25 | +4.2% |
Summary: The Franklintown real estate market had 25 homes for sale in November 2024, a 4.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Franklintown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Franklintown, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Franklintown in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Franklintown, PA
How long does it take to sell a home in Franklintown, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 2 Days | 49 Days | +2350.0% |
Summary: Homes in Franklintown had an average of 49 days on market in Nov 2024, up by 2350% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Franklintown are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Franklintown; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
