$4,026 Closing Credit*
$339,000
1,104 SqFt
1 Bed
•1 Full Bath
Michael Gutkind, Listing Office: BHHS Fox & Roach-Haverford
Is Franklintown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Franklintown was a Buyer's Market.
Key Takeaway
Franklintown 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 Franklintown, PA
How much do homes in Franklintown, PA cost?
Median Sold Price
$433,000
$396/sqft
Based on all homes sold in the last 12 months.
Difference Since October 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 October 2024, up 2.5% from last year, and the median price per square foot was $396.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $279.5K | -20.1% |
| 2 Bedrooms | $425K | $485K | +14.1% |
| 3 Bedrooms | $954.7K | $1.0M | +13.9% |
| 4 Bedrooms | $590K | $775K | +31.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Franklintown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.1%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 31.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Poplar | $465K | $747.4K | +60.8% |
| Spring Garden | $375K | $557.5K | +48.7% |
| Franklintown | $422.5K | $433K | +2.5% |
Housing Supply in Franklintown, PA
How many homes are available in Franklintown, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Summary: The Franklintown real estate market had 24 homes for sale in October 2024, a 14.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 9 | 13 | +44.4% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Franklintown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 44.4%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 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 Franklintown, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Franklintown in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 6 Days | -51.9% |
Summary: Homes in Franklintown had an average of 6 days on market in Oct 2024, down by 51.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Franklintown are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Franklintown; 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.
