$32,500 House For Sale
4 bed, 1.5 bath, 1,386 sqft
Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this neighborhood relative to other neighborhoods in the same metropolitan area. A particular neighborhood may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more
The median home value in Franklin Park is $34,100. Franklin Park home values have gone up 6.9% over the past year and Zillow predicts they will fall -0.3% within the next year. The median list price per square foot in Franklin Park is $7, which is lower than the Detroit average of $9. The median price of homes currently listed in Franklin Park is $6,000 while the median price of homes that sold is $83,000. The median rent price in Franklin Park is $725, which is the same as the Detroit median of $725.
The Market Health Index illustrates the current health of a region’s housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.