Skip to main content

Franklin County, Pennsylvania – May 2025 Real Estate Snapshot

 Market Status:

Currently a seller’s market with only 2.3 months of inventory, up slightly (1.3%) month-over-month. Properties are moving fast, with a median of just 16 days on the market, down 60% from the previous month.

🏠 Price & Value Trends

  • Median Sold Price: $307,950 (⬆ 0.6% MoM)

  • Median Estimated Property Value: $289,610 (⬆ 1.2% MoM | ⬆ 4.5% YoY)

  • Median List Price (New Listings): $360,000 (⬆ 6.7% MoM)

  • Median List Price (Active Listings): $389,900 (⬆ 3.8% MoM)

  • Median $/Sqft (Active): $181 (⬆ 5.8% MoM)

🔑 Market Activity Overview

  • New Listings: 173 properties (⬆ 1.8% MoM)

  • Active Listings: 263 properties (⬆ 3.5% MoM)

  • New Pending Listings: 137 properties (⬆ 8.7% MoM)

  • Total Pending Listings: 208 properties (⬆ 16.9% MoM)

  • Sold Listings: 102 properties (⬆ 16.4% MoM)

📈 Sales Metrics

  • Sold-to-List Price Ratio: 99.8% (holding steady)

  • Median $/Sqft (Sold Listings): $161 (⬆ 1.8% MoM)

  • Median Living Area (Sold): 2,066–2,115 sqft

🔍 Insights for Investors

  • Demand is high: Properties are going under contract quickly with nearly full asking prices.

  • Low supply: Inventory remains tight, creating upward pressure on prices.

  • Strong appreciation: Median values are up 4.5% YoY, suggesting solid equity growth potential.

  • Capitalize on momentum: Increasing list and sold volumes signal investor interest and market liquidity.

Comments

Post a Comment

Popular posts from this blog

Understanding Property Tax Disbursement From Escrow: What Every Homeowner Should Know

  By Katelyn Mayer, Realtor If you’re a homeowner—or thinking about becoming one—understanding how property taxes are paid can save you stress and help you manage your budget better. One of the most common questions I get from clients is: “How does my lender pay my property taxes, and what is this escrow thing all about?” Let’s break it down. What Is an Escrow Account? When you buy a home with a mortgage, your lender often requires an escrow account. This is basically a special savings account that holds money collected each month from you to pay for certain expenses—most commonly, property taxes and homeowners insurance. Instead of paying your tax bill in one lump sum once or twice a year, your lender collects a bit every month and pays the taxing authority on your behalf. This system can make budgeting easier, so you don’t have to worry about coming up with thousands of dollars all at once. How Does It Work? Let’s say your annual property tax bill is $6,000. Your lender wi...
Post a Comment
Read more

Rental Options in East York & Red Lion

Discover a wide range of rental homes tailored to fit various lifestyles and budgets in East York and nearby Red Lion. Whether you're searching for a cozy one-bedroom apartment or a spacious three-bedroom townhome, there's something here for everyone. 📍 East York Springett’s Apartments 📍 50 Eisenhower Dr, York, PA 17402 1- and 2-bedroom level apartments 🔗 manorcommunities.com Suburban Park Apartments 📍 2685 Carnegie Rd, East York, PA 17402 1- and 2-bedroom apartments 🔗 liveatsuburbanpark.com Fallbrook Flats 📍 3889 E Market St, York, PA 17402 1-, 2-, and 3-bedroom apartments 🔗 jcmliving.com The Apartments at Waterford 📍 200 Governors Pl, York, PA 17402 Modern layouts with 1- to 3-bedroom options 🔗 waterford.theapartmentgallery.com Hillside Apartments 📍 1927 Queenswood Dr, York, PA 17403 1- and 2-bedroom apartments 🔗 theapartmentgallery.com/hillside-apartments East Breeze Apartments 📍 21-23 S Northern Way, York, PA 17402 1- and 2-bedroom apartments ...
Post a Comment
Read more

Rental & Fair Market Overview – Central PA (June 2025)

  Region: South Central PA  Covering: Dauphin, Cumberland, Franklin, Fulton, Adams, York, Lancaster, Berks, and Lebanon Counties Fair Market Rent Overview (HUD 2025 Benchmarks) Unit Size Rent Range Notes Studio $850–$975 Increasing demand in Harrisburg and York City 1BR $975–$1,200 Strong demand across all counties 2BR $1,200–$1,450 Popular for both families and roommates 3BR $1,500–$1,750 Steady turnover, higher cash flow potential 4BR $1,650–$2,000+ Limited inventory = higher rent resilience Highest rents generally appear in Lancaster, Dauphin, and York , while Fulton and Franklin trend lower but offer better cap rate potential. Occupancy & Rental Demand Occupancy across the region : ~95%–97% (above national average) Average days on market : 28–37 days depending on zip code Turnover rate : Steady in LTR; STR varies seasonally Investor Insight: Regional Themes STR Opportunity Zones : Gettysburg, Hershey, Downtown Lancaster, Midtown Harrisburg, and York Cit...
Post a Comment
Read more