Is Franklinville, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Franklinville has remained a Seller's Market.
Key Takeaway
Franklinville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Franklinville, NY
How much do homes in Franklinville, NY cost?
Median Sold Price
$140,000
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Franklinville have sold for 4.6% less than they did a year ago.
Summary: The median home sold price in Franklinville was $140,000 in May 2024, down 4.6% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | - | N/A |
| 2 Bedrooms | $145K | $140K | -3.4% |
| 3 Bedrooms | $151.4K | $133.7K | -11.7% |
| 4 Bedrooms | $148.4K | $200K | +34.8% |
| 5+ Bedrooms | $143K | $90K | -37.1% |
Summary: Franklinville 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 decreased by 3.4%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes increased by 34.8%, and 5+ bedroom homes decreased by 37.1%.
Housing Supply in Franklinville, NY
How many homes are available in Franklinville, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The Franklinville real estate market had 17 homes for sale in May 2024, a 13.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 9 | 5 | -44.4% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Franklinville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 44.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklinville, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Franklinville in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Franklinville, NY
How long does it take to sell a home in Franklinville, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 15 Days | +46.5% |
Summary: Homes in Franklinville had an average of 15 days on market in May 2024, up by 46.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Franklinville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Franklinville; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
