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FOCUS ON: FRANKFORD HOUSING MARKET |
JUNE 2025 |
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Zip Code(s): 19945 |
Units Sold
11 |
Active Inventory
101 |
Median Sale Price
$550,000 |
Days On Market
103 |
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Down
Vs. Year Ago |
Down -7%
Vs. Year Ago |
Up 6%
Vs. Year Ago |
Up
Vs. Year Ago |
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Units Sold
With relatively few transactions, there was a decrease in total units sold in June, with 11 sold this month in Frankford Real Estate. This month's total units sold was lower than at this time last year, a decrease from June 2024.
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Active Inventory
Versus last year, the total number of homes available this month is lower by 8 units or 7%. The total number of active inventory this June was 101 compared to 109 in June 2024. This month's total of 101 is higher than the previous month's total supply of available inventory of 93, an increase of 9%.
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Median Sale Price
Last June, the median sale price for Frankford Homes was $519,250. This June, the median sale price was $550,000, an increase of 6% or $30,750 compared to last year. The current median sold price is 24% higher than in May.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
23 |
Current Contracts
12 |
Sold Vs. List Price
97.6% |
Months of Supply
9.2 |
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Down -21%
Vs. Year Ago |
Down -29%
Vs. Year Ago |
Down -2.1%
Vs. Year Ago |
Up 77%
Vs. Year Ago |
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Months of Supply
In June, there was 9.2 months of supply available in Frankford, compared to 5.2 in June 2024. That is an increase of 77% versus a year ago.
Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
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New Listings & Current Contracts
This month there were 23 homes newly listed for sale in Frankford compared to 29 in June 2024, a decrease of 21%. There were 12 current contracts pending sale this June compared to 17 a year ago. The number of current contracts remained stable as compared to last June.
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Sale Price to List Price Ratio
In June, the average sale price in Frankford was 97.6% of the average list price, which is 2.1% lower than at this time last year.
Days on Market
This month, the average number of days on market was 103, higher than the average last year, which was 50. This increase was impacted by the limited number of sales.
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Frankford are defined as properties listed in zip code/s 19945. |
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. |
Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |