Newly released data from Realtor.com for January shows that potential buyers and sellers in Franklin County saw lower home sale prices than the previous month’s median of $258,950.
The median home sold for $252,450, an analysis of data from Realtor.com shows. That means January, the most recent month for which figures are available, was down 2.5% from December.
Compared to January 2024, the median home sales price was down 4% compared to $262,830.
Realtor.com sources sales data from real estate deeds, resulting in a few months’ delay in the data. The statistics don’t include homes currently listed for sale and aren’t directly comparable to listings data.
Information on your local housing market, along with other useful community data, is available at data.publicopiniononline.com.
Here is a breakdown on median sale prices:
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Looking only at single-family homes, the $249,900 median selling price in Franklin County was down 3.9% in January from $259,950 the month prior. Since January 2024, the sales price of single-family homes was down 5% from a median of $263,160.No single-family homes sold for $1 million or more during the month.
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Condominiums and townhomes slightly decreased in sales price during January to a median of $255,000 from $256,500 in December. Compared to January 2024, the sales price of condominiums and townhomes was up 19.2% from $214,000. No condominiums or townhomes sold for $1 million or more during January.
About recorded home sales in Franklin County in Pennsylvania
In January, the number of recorded sales in Franklin County rose by 14% since January 2024 — from 100 to 114. All residential home sales totaled $29.4 million.
Across Pennsylvania, homes sold at a median of $264,928 during January, down 3.7% from $274,996 in December. There were 9,580 recorded sales across the state during January, down 3.1% from 9,882 recorded sales in January 2024.
Here’s a breakdown for the full state:
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The total value of recorded residential home sales in Pennsylvania decreased by 22.4% from $4.3 billion in December to $3.3 billion this January.
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Out of all residential home sales in Pennsylvania, 3.34% of homes sold for at least $1 million in January, down from 3.72% in January 2024.
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Sales prices of single-family homes across Pennsylvania decreased by 2.7% from a median of $277,342 in December to $269,892 in January. Since January 2024, the sales price of single-family homes across the state was up 8% from $250,000.
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Across the state, the sales price of condominiums and townhomes dropped 2.5% from a median of $260,000 in December to $253,500 during January. The median sales price of condominiums and townhomes is up 5.6% from the median of $240,000 in January 2024.
The median home sales price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what’s happening in a market than the average sales price, which would mean taking the sum of all sales prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us.
This article originally appeared on Chambersburg Public Opinion: Homes in Franklin County sold for lower prices recently: See how much here
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