Franklin Park Housing Market Report March 2025•Allegheny County, Pennsylvania

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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?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Franklin Park is a Seller's Market

Difference Since March 2024

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

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$585,000$220/SqFt
+$75,000
+14.7%

Based on all homes sold in the last 12 months

Insight

Homes in Franklin Park have sold for 14.7% more than they did a year ago.

Summary: The median home sold price in Franklin Park was $585,000 in March 2025, up 14.7% from last year, and the median price per square foot was $220.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Economy
+20.4%
Franklin Park
+14.7%
Wexford
+5.2%
Marshall Township
+3.6%
Bell Acres
-6.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2024Mar 2025Change YoY
1--
N/A
2$272.5K$252.5K
-7.3%
3$364K$377K
+3.6%
4$571K$642K
+12.4%
5$864.9K$772.5K
-10.7%

Summary: Franklin Park housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -7.3%. The home price for 3 bedroom homes increased by +3.6%. The home price for 4 bedroom homes increased by +12.4%. The home price for 5 bedroom homes decreased by -10.7%.

How does Franklin Park, PA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Franklin Park, PA

Housing supply in Franklin Park, PA

How many homes are available in Franklin Park, PA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
46Last MonthMar 2025
432 months agoFeb 2025
+7.0 %
Change MoMFeb – Mar

Summary: The Franklin Park real estate market had 46 homes for sale in Mar 2025, a 7.0 % increase compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
10Last MonthMar 2025
102 months agoFeb 2025
0.0 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
223
+50.0%
31820
+11.1%
100
0.0%
41918
-5.3%
545
+25.0%

Summary: Franklin Park housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 2 bedroom homes increased by +50.0%. The inventory for 3 bedroom homes increased by +11.1%. The inventory for 1 bedroom homes remained the same. The inventory for 4 bedroom homes decreased by -5.3%. The inventory for 5 bedroom homes increased by +25.0%.

Asking Price vs. Sold Price

How much do homes in Franklin Park, PA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price5 Homes

Under Asking Price5 Homes

Insight

If you're buying a home in Franklin Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Franklin Park in March 2025, the same as the previous month. Of the 10 sold homes, 50% were sold under asking, 50% were sold at asking, and and 0% 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 Days4 Homes

30 – 90 Days3 Homes

Over 90 Days3 Homes

Insight

Many homes in Franklin Park are selling fast, if you're buying plan to act quickly.

Summary: During March 2025, 10 homes were sold in Franklin Park; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
67 DaysThis YearMar 2025
22 Days1 year agoMar 2024
+193.8 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Franklin Park had an average listing age of 67 days in Mar 2025, up by 193.8% compared to the previous year.

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Newest Listings in Franklin Park, PA

What homes are available in Franklin Park, PA?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from West Penn Multi-List Inc., for the period 04/01/2023 - 04/01/2025

IDX 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: 4/25/2025, 9:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.