Franklin Park Real Estate Market Update April 2018


Real Estate In Franklin Park is a sellers’ market with low inventory of homes in Franklin Park and a lot of buyer interest. There is a 4.32 months supply of inventory on the market in Franklin Park on April 30, 2018.



Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Franklin Park last month was 22 days.
It took on average 20 days to sell Franklin Park Condo, Townhouse or a Duplex.
The number of home sales in Franklin Park from March 1, 2018 through March 31, 2018 was 17 units. That is 1% above the number of homes sold last month in Franklin Park.

The average price per square foot in the area is now $154/Sq.Ft, which is 2% an increase from last month.



In Franklin Park there were 5 units sold in March in the price range between $100,000 – $151,595 with an average of 2.4 bedrooms and 1.2 bathrooms and average Square footage of 946SF.

In Franklin Park there were 8 units sold in March in the price range between $151,596 – $261,594 with an average of 3.1 bedrooms and 1.9 bathrooms and average Square footage of 1,362SF.

In Franklin Park there were 4 units sold in March in the price range between $261,595 – $320,000 with an average of 3.5 bedrooms and 2.3 bathrooms and average Square footage of 1,575SF.

The low price range had the most activity. Homes up to $151,595 were on the market on average 13 days and sold an average of $116,250.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Franklin Park. Search all Franklin Park homes for Sale on propertyup.com If you are considering viewing Franklin Park, you may want to do so now!

Franklin Park
Feb 1, 2018 – Feb 28, 2018
Mar 1, 2018 – Mar 31, 2018
Month
February
March
Average Listing Price
$188,062
$188,320
Median Sales Price
$200,044
$203,190
Month supply of inventory
3.4
4.3
Market Time Detached
64 days
22 days
Market Time Attached
0 days
20 days
Inventory
70 properties
88 properties
Low price range
$80,000 – $140,022
$100,000 – $151,595
Low price range market time
33 days
13 days
Low price range units sold
2
5
Low price range bedrooms
2
2.4
Low price range bathrooms
1
1.2
Low price range approx sqft
986 SF
946 SF
Mid price range
$140,023 – $273,771
$151,596 – $261,594
Mid price range market time
64 days
36 days
Mid price range units sold
5
8
Mid price range bedrooms
3
3.1
Mid price range bathrooms
1.3
1.9
Mid price range approx sqft
1,303 SF
1,362 SF
High price range
$273,772 – $347,500
$261,595 – $320,000
High price range market time
95 days
8 days
High price range units sold
2
4
High price range bedrooms
4
3.5
High price range bathrooms
3.6
2.3
High price range approxsqft
2,578 SF
1,575 SF

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