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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Franklin Township is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, North Franklin Township was a Seller's Market.

Key Takeaway

North 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 North Franklin Township, PA

How much do homes in North Franklin Township, PA cost?

Median Sold Price

$240,500

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$35,550(+17.3%)

Key Takeaway

Homes in North Franklin Township have sold for 17.3% more than they did a year ago.

Summary: The median home sold price in North Franklin Township was $240,500 in November 2024, up 17.3% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $63K-
N/A
2 $142K$158K
+11.3%
3 $220K$216.5K
-1.6%
4 $235K$365K
+55.3%
5+ $160K$556K
+247.5%

Summary: North 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 11.3%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 55.3%, and 5+ bedroom homes increased by 247.5%.

Median Sold Price Compared To Nearby Cities

North Franklin Township
+17.3%
Washington
+9.5%
Canton Township
+3.3%
South Strabane Township
-0.4%

Housing Supply in North Franklin Township, PA

How many homes are available in North Franklin Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1514-6.7%

Summary: The North Franklin Township real estate market had 14 homes for sale in November 2024, a 6.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 66
0.0%
4 42
-50.0%
5+ 11
0.0%

Summary: The North 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 increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Franklin Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in North Franklin Township in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for North Franklin Township, PA

How long does it take to sell a home in North Franklin Township, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days10 Days-50.0%

Summary: Homes in North Franklin Township had an average of 10 days on market in Nov 2024, down by 50% compared to last year.

Breakdown of Home Sale Times

2 Homes Were 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 North Franklin Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in North 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 21 Days Ago

Newest Listings in North Franklin Township, PA

Nearby Markets to North Franklin Township, PA

What housing markets are near North Franklin Township, PA?