Backup offers
$5,730 Closing Credit¹
Geralyn Smith, Listing Office: Berkshire Hathaway The Preferred Realty
Franklin Park Housing Market Report December 2024•Allegheny County, Pennsylvania
Housing Prices in Franklin Park, PA
How much do homes in Franklin Park, PA cost?
Housing Market Conditions
Is Franklin Park, PA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Franklin Park is a Seller's Market
Difference Since December 2023
Since last year, Franklin Park has remained a Seller's Market.
Insight
Franklin Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$580,000$220/SqFt
+$80,000
+16.0%
Based on all homes sold in the last 12 months
Insight
Homes in Franklin Park have sold for 16% more than they did a year ago.
Summary: The median home sold price in Franklin Park was $580,000 in December 2024, up 16% from last year, and the median price per square foot was $220.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Economy | $275K | $322.5K | +17.3% |
| Franklin Park | $500K | $580K | +16.0% |
| Marshall Township | $544.9K | $575K | +5.5% |
| Wexford | $495K | $508.5K | +2.7% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $286.7K | $252.5K | -11.9% |
| 33 Bedrooms | $374.4K | $388K | +3.6% |
| 44 Bedrooms | $561K | $643K | +14.6% |
| 55+ Bedrooms | $864.9K | $712.5K | -17.6% |
Summary: Franklin Park 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 decreased by -11.9%. The home price for 3 bedroom homes increased by +3.6%. The home price for 4 bedroom homes increased by +14.6%. The home price for 5 bedroom homes decreased by -17.6%.
Housing supply in Franklin Park, PA
How many homes are available in Franklin Park, PA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 44Last MonthDec 2024 | ||
| 462 months agoNov 2024 | -4.3 % Change MoMNov – Dec |
Summary: The Franklin Park real estate market had 44 homes for sale in Dec 2024, a 4.3 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 13Last MonthDec 2024 | ||
| 72 months agoNov 2024 | +85.7 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 3 | 3 | 0.0% |
| 33 Bedrooms | 12 | 13 | +8.3% |
| 44 Bedrooms | 28 | 26 | -7.1% |
| 55+ Bedrooms | 3 | 2 | -33.3% |
Summary: Franklin Park 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 increased by +8.3%. The inventory for 4 bedroom homes decreased by -7.1%. The inventory for 5 bedroom homes decreased by -33.3%.
Asking Price vs. Sold Price
How much do homes in Franklin Park, PA cost?
Over Asking Price4 Homes
At Asking Price2 Homes
Under Asking Price7 Homes
Insight
If you're buying a home in Franklin Park, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Franklin Park in December 2024, up by 85.7% month-over-month. Of the 13 sold homes, 54% were sold under asking, 15% were sold at asking, and and 31% were sold over asking.
Days on Market for Franklin Park, PA
How long does it take to sell a home in Franklin Park, PA?
Breakdown of Home Sale Times
Under 30 Days8 Homes
30 – 90 Days3 Homes
Over 90 Days2 Homes
Insight
Many homes in Franklin Park are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 13 homes were sold in Franklin Park; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 40 DaysThis YearDec 2024 | ||
| 42 Days1 year agoDec 2023 | -4.3 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Franklin Park had an average listing age of 40 days in Dec 2024, down by 4.3% compared to the previous year.
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Newest Listings in Franklin Park, PA
What homes are available in Franklin Park, PA?
$6,116 Closing Credit¹
Melissa Faulkner, Listing Office: Berkshire Hathaway The Preferred Realty
Backup offers
$8,906 Closing Credit¹
Pierre Khoury, Listing Office: Berkshire Hathaway The Preferred Realty
Video tour
$4,453 Closing Credit¹
Tarasa Hurley, Listing Office: River Point Realty, Llc
$3,551 Closing Credit¹
Sally Rosellini, Listing Office: Coldwell Banker Realty
Video tour
$4,275 Closing Credit¹
Deborah Platts, Listing Office: Coldwell Banker Realty
$8,609 Closing Credit¹
Peggy Greb, Listing Office: Re/Max Select Realty
$6,173 Closing Credit¹
Wanda Wilson, Listing Office: Compass Pennsylvania, Llc
Backup offers3D tour
$7,113 Closing Credit¹
Susan Deely, Listing Office: 1 Percent Lists Metro Pgh
$7,361 Closing Credit¹
Kathy Armstrong, Listing Office: Keller Williams Realty
$10,000 Closing Credit¹
Brian Niklaus, Listing Office: Berkshire Hathaway The Preferred Realty
$4,631 Closing Credit¹
Don Boyle, Listing Office: Exp Realty Llc
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MLS Disclaimers and Copyright
Based on information from West Penn Multi-List Inc., for the period 01/01/2023 - 01/01/2025
The multiple listing information is provided by West Penn Multi-List, Inc. Information deemed reliable, but not guaranteed. IDX info provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change, or withdrawal. Listings displaying the IDX logo belong to brokers other than this broker. Neither the listing broker(s) nor this broker or the MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright © 2025 West Penn Multi-List, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/19/2025, 5:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.