$4,749 Closing Credit*
$399,900
4 Beds
•3 Full Baths
Amanda Stoddard, Listing Office: Howard Hanna Real Estate Services
Is South Franklin Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, South Franklin Township has remained a Seller's Market.
Key Takeaway
South Franklin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Franklin Township, PA
How much do homes in South Franklin Township, PA cost?
Median Sold Price
$330,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$600(-0.2%)
Key Takeaway
The sold price of homes in South Franklin Township has remained the same since last year.
Summary: The median home sold price in South Franklin Township was $330,000 in October 2024, down 0.2% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200K | $232.5K | +16.3% |
| 3 Bedrooms | $343.1K | $315K | -8.2% |
| 4 Bedrooms | $325K | $370K | +13.8% |
| 5+ Bedrooms | $530K | - | N/A |
Summary: South Franklin Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.3%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| North Franklin Township | $209K | $228.5K | +9.3% |
| South Franklin Township | $330.6K | $330K | -0.2% |
Housing Supply in South Franklin Township, PA
How many homes are available in South Franklin Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Summary: The South Franklin Township real estate market had 9 homes for sale in October 2024, a 25.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 3 | -57.1% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The South Franklin Township housing inventory by bedroom type for October 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 57.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in South Franklin Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in South Franklin Township in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for South Franklin Township, PA
How long does it take to sell a home in South Franklin Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 11 Days | -65.6% |
Summary: Homes in South Franklin Township had an average of 11 days on market in Oct 2024, down by 65.6% 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
Key Takeaway
Many homes in South Franklin Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in South 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.
