Is Franklin Park, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Franklin Park was a Seller's Market.
Housing Prices in Franklin Park, OH
How much do homes in Franklin Park, OH cost?
Median Sold Price
$404,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Franklin Park was $404,000 in May 2024, down 3.8% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $199.7K | $309.5K | +54.9% |
3 Bedrooms | $402.5K | $355K | -11.8% |
4 Bedrooms | $497.5K | $490K | -1.5% |
5+ Bedrooms | $498.7K | $590K | +18.3% |
Summary: Franklin Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 54.9%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 18.3%.
Median Sold Price Compared To Nearby Neighborhoods
Eastgate | $215.5K | $280K | +29.9% |
Franklin Park | $420K | $404K | -3.8% |
Housing Supply in Franklin Park, OH
How many homes are available in Franklin Park, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 37 | +37.0% |
Summary: The Franklin Park real estate market had 37 homes for sale in May 2024, a 37.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 7 | +75.0% |
3 Bedrooms | 11 | 13 | +18.2% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Franklin Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Franklin Park in May 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Franklin Park, OH
How long does it take to sell a home in Franklin Park, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 38 Days | +41.9% |
Summary: Homes in Franklin Park had an average of 38 days on market in May 2024, up by 41.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Franklin Park; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.