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FRANKLIN, PA 16323

Real Estate Market Report  ·  Venango County
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The FRANKLIN, PA real estate market (16323) currently shows 43 active listings, with 14 pending sales. Homes are averaging 119 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 119 days on market compared to 97 days last year.

The median listing price has fallen 4.2% year-over-year, from $164,375 to $157,450.

Whether you are buying or selling in FRANKLIN, PA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 14,934  ·  Density: 57.7/mi²  ·  Median household income: $59,274

Typical home value: $119,768  ·  Homeownership: 70.6%

Market Overview

Active Listings
43
⇧ 26.5% vs 34 last year
Pending
14
33% pending ratio
Median Price
$157,450
⇩ 4.2% vs $164,375 last year
Average Price
$225,098
⇧ 0.4% vs $224,202 last year
Days on Market
119
⇧ 22.7% vs 97 days last year

Price Per Square Foot

Median $/sqft
$101
⇧ 4.1% vs $97/sqft last year
Median Home Size
1,561 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 43 this year vs 34 last year
  • Days on market: 119 now vs 97 last year

Median & Average Pricing

Year over Year
  • Median: $157,450 (-4.2% YoY)
  • Average: $225,098 (+0.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.7 miles — 139 listings ($29,404,790 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
16323Franklin, PA 163230.0 mi44$9,617,344$149,900$218,576
16342Polk, PA 163428.2 mi4$854,900$190,000$213,725
16346Seneca, PA 163468.5 mi5$1,178,625$229,000$235,725
16301Oil City, PA 163019.8 mi48$7,151,664$114,500$148,993
16311Carlton, PA 1631111.0 mi1$334,500$334,500$334,500
16145Sandy Lake, PA 1614512.8 mi3$735,000$245,000$245,000
16153Stoneboro, PA 1615314.6 mi3$528,849$139,000$176,283
16373Emlenton, PA 1637315.8 mi12$4,012,560$182,450$334,380
16327Guys Mills, PA 1632716.5 mi4$1,243,868$368,000$310,967
16133Jackson Center, PA 1613317.8 mi1$140,000$140,000$140,000
16114Clarks Mills, PA 1611418.5 mi1$274,000$274,000$274,000
16360Townville, PA 1636018.8 mi3$1,019,850$339,950$339,950
16232Knox, PA 1623219.7 mi10$2,313,630$224,900$231,363

Frequently Asked Questions

How many homes are for sale in FRANKLIN, PA 16323?

As of February 2026, there are 43 active listings in FRANKLIN, PA (zip code 16323), compared to 34 the prior year.

What is the median home price in FRANKLIN, PA 16323?

The median listing price in FRANKLIN, PA 16323 is $157,450 as of February 2026, a 4.2% decrease from $164,375 the prior year.

How long do homes stay on the market in FRANKLIN, PA?

Homes in FRANKLIN, PA 16323 spend an average of 119 days on the market before going under contract, compared to 97 days the prior year.

Is it a seller's or buyer's market in FRANKLIN, PA 16323?

Based on current inventory and days-on-market data as of February 2026, FRANKLIN, PA 16323 is currently a Buyer's Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 119 days on market compared to 97 days last year.

How much can I save on real estate commission in FRANKLIN, PA?

With SELL123.com's maximum 3% commission, sellers in FRANKLIN, PA 16323 save an estimated $3,149 compared to a typical 5% commission on the median listing price of $157,450. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.