Franklin Square, NY Home Values & Market Trends

Real estate market trends reflect that there have been 211 transactions over the past year in Franklin Square. The median value for residential home transactions that occurred over the previous year is $694,059.05. The number of current listings in Franklin Square is 28, and the percentage of properties for sale in the city is 28.00%. Franklin Square, NY currently has 16 properties in foreclosure, 1 bank owned properties, 6 properties headed for auction, and 28 properties for sale.

Franklin Square, NY Real Estate Market Overview

ZipMedian Est. Value
11010

$ 799,000

$ 522/sqft

Housing Market Summary for Franklin Square, NY

Mar 2023February 2024Change
Median Listing Price$737K$696.6K-5.48%
Median Sold Price$666K$696.6K4.60%
Homes For Sale242712.50%
Homes Sold1551677.74%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Franklin Square, NY

Franklin Square home values range from $120,391 to $1,609,000. The median estimated value of a home in Franklin Square is $694,059.05. The median list price of a home is 799,500, and the total count of properties in the city is 6,984.

Foreclosure
There is 1 zips within Franklin Square, NY; within this zips, the median estimated home value for homes in foreclosure ranges from $968,908 in 11010 to the lowest value of $535,715 in 11010. Foreclosure homes account for 0.00% of properties in Franklin Square, NY with 11010 containing 16 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.13% of all residential properties in Franklin Square, NY with 11010 containing 9 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Franklin Square, NY; of that zips, the estimated home value for pre-foreclosure homes ranges from $903,285 in 11010 to the lowest home value of $568,012 in 11010.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Franklin Square, NY ranges from the highest value of $668,092 in 11010 to the lowest value of $668,092 in 11010. Bank owned homes and properties account for 0.01% of properties in Franklin Square, NY. There is 1 zips within Franklin Square, NY; 11010 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    11010 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Franklin Square, NY. Auction homes and other auction properties account for 0.09% of all properties in Franklin Square, NY. There is 1 zips within Franklin Square, NY; of that zips, the median estimated home value for homes going to auction ranges from $968,908 in 11010 to the lowest value of $535,715 in 11010.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.40% of residential properties in Franklin Square, NY with 11010 containing 28 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Franklin Square, NY; homes for sale in that zips, have a range of median values from $1,275,000 in 11010 to the lowest value of $579,023 in 11010.
    Sold Homes
    The median value for recently sold homes ranges from $1,361,551 in 11010 to the lowest price of $223,403 in 11010. There is 1 zips within Franklin Square, NY. 11010 has 153 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.19% of properties in Franklin Square, NY.

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      Guide for Franklin Square, NY

      Market Reports
      NYC Real Estate Rises: 8% Surge in Property Values Aug 2023-Jan 2024
      New York
      Buffalo Real Estate Market Soars in 2023
      Investment Guides
      Will Downtowns Go From Offices to Apartments?
      Home Buying Financing
      Will Mortgage Rates Rise Because of the Fed’s New Inflation Policy?
      See More Articles
      NYC Real Estate Rises: 8% Surge in Property Values Aug 2023-Jan 2024
      Market Reports|posted 27 February 2024

      New York City’s real estate market from August 2023 to January 2024 witnessed roughly an 8% increase in average property values, along with fluctuations in per square foot values and sold prices.

      Buffalo Real Estate Market Soars in 2023
      New York|posted 19 January 2024

      An increase is house prices but a slowdown of homes sold in September

      Will Downtowns Go From Offices to Apartments?
      Investment Guides|posted 15 February 2022

      With more people working from home, there's an of excess office spaces. Older buildings may be up for apartment conversions especially with proposed tax breaks

      Will Mortgage Rates Rise Because of the Fed’s New Inflation Policy?
      Home Buying Financing|posted 25 June 2021

      After much speculation, the Federal Reserve has decided to move on interest rates. Not decisively, not rashly, and maybe not at all. Instead, the Fed has announced the possibility of two interest rate hikes by the end of 2023 while at the same time explaining they might not be necessary. Does this seem contradictory? You […]

      Recently Listed Homes Franklin Square, NY

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