New - 7 hours on Rocket
$9,084 Closing Credit¹
Listing Office: Bon Anno Realty ERA Powered
Franklin Square Housing Market Report December 2024•Nassau County, New York
Housing Prices in Franklin Square, NY
How much do homes in Franklin Square, NY cost?
Housing Market Conditions
Is Franklin Square, NY a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Franklin Square is a Seller's Market
Difference Since December 2023
Since last year, Franklin Square has remained a Seller's Market.
Insight
Franklin Square is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$773,500$464/SqFt
+$74,166
+10.6%
Based on all homes sold in the last 12 months
Insight
Homes in Franklin Square have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Franklin Square was $773,500 in December 2024, up 10.6% from last year, and the median price per square foot was $464.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Garden City South | $748.5K | $865K | +15.6% |
| West Hempstead | $647.5K | $720K | +11.2% |
| Town of Hempstead | $640.2K | $709.7K | +10.8% |
| Franklin Square | $699.3K | $773.5K | +10.6% |
| Elmont | $620K | $679.5K | +9.6% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $540K | $550K | +1.9% |
| 33 Bedrooms | $656.5K | $717.5K | +9.3% |
| 44 Bedrooms | $715K | $770K | +7.7% |
| 55+ Bedrooms | $866.5K | $885K | +2.1% |
Summary: Franklin Square housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +1.9%. The home price for 3 bedroom homes increased by +9.3%. The home price for 4 bedroom homes increased by +7.7%. The home price for 5 bedroom homes increased by +2.1%.
Housing supply in Franklin Square, NY
How many homes are available in Franklin Square, NY?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 84Last MonthDec 2024 | ||
| 832 months agoNov 2024 | +1.2 % Change MoMNov – Dec |
Summary: The Franklin Square real estate market had 84 homes for sale in Dec 2024, a 1.2 % increase compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 16Last MonthDec 2024 | ||
| 132 months agoNov 2024 | +23.1 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 1 | 0.0% |
| 22 Bedrooms | 1 | 1 | 0.0% |
| 33 Bedrooms | 28 | 25 | -10.7% |
| 44 Bedrooms | 29 | 29 | 0.0% |
| 55+ Bedrooms | 24 | 28 | +16.7% |
Summary: Franklin Square housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -10.7%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +16.7%.
Asking Price vs. Sold Price
How much do homes in Franklin Square, NY cost?
Over Asking Price6 Homes
At Asking Price1 Home
Under Asking Price9 Homes
Insight
If you're buying a home in Franklin Square, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Franklin Square in December 2024, up by 23.1% month-over-month. Of the 16 sold homes, 56% were sold under asking, 6% were sold at asking, and and 38% were sold over asking.
Days on Market for Franklin Square, NY
How long does it take to sell a home in Franklin Square, NY?
Breakdown of Home Sale Times
Under 30 Days8 Homes
30 – 90 Days6 Homes
Over 90 Days2 Homes
Insight
Many homes in Franklin Square are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 16 homes were sold in Franklin Square; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 46 DaysThis YearDec 2024 | ||
| 49 Days1 year agoDec 2023 | -6.1 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Franklin Square had an average listing age of 46 days in Dec 2024, down by 6.1% compared to the previous year.
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Newest Listings in Franklin Square, NY
What homes are available in Franklin Square, NY?
New - 8 hours on Rocket
$10,000 Closing Credit¹
Listing Office: Daniel Gale Sothebys Intl Rlty
New - 21 hours on Rocket
$7,719 Closing Credit¹
Listing Office: EXIT Realty Premier
New - 1 day on Rocket
$10,000 Closing Credit¹
Listing Office: Anthony Napolitano Homes
New - 1 day on Rocket
$10,000 Closing Credit¹
Listing Office: Douglas Elliman Real Estate
$10,000 Closing Credit¹
Listing Office: Exit Realty Prime
$8,609 Closing Credit¹
Listing Office: Keller Williams Rty Gold Coast
$9,084 Closing Credit¹
Listing Office: Blackstone Realty
$10,000 Closing Credit¹
Listing Office: Douglas Elliman Real Estate
$9,143 Closing Credit¹
Listing Office: Coldwell Banker Easton Prop
$10,000 Closing Credit¹
Listing Office: Prestige R E Holdings LLC
$10,000 Closing Credit¹
Listing Office: Best American Homes Inc
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MLS Disclaimers and Copyright
Based on information from OneKey MLS, and Brooklyn MLS for the period 01/01/2023 - 01/01/2025
Listings courtesy of OneKey MLS as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/23/2025, 4:11:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. The accuracy of all information, regardless of source, including but not limited to open house information, square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Brooklyn Multiple Listing Service and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.
Copyright © 2025 Brooklyn Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/23/2025, 4:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.