Is Franklin, PA 16323 a buyer’s or seller’s market?

The Franklin housing market right now

In the three months ending August 31, 2026, 8% of homes in Franklin, PA 16323 sold above their list price, the typical home went under contract in 85 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 62 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 19%, homes sold more slowly (52 days then) and the median sale price fell 35% to $82,414. Overall, Franklin is less competitive than a year ago, which gives buyers more room.

Within Venango County, homes here sell more slowly than in 70% of the county’s ZIP codes, and sell more often over asking than in 70%. On our competition score, Franklin ranks #581 of 601 PA ZIP codes with enough sales (score 19 out of 100).

Nearby, buyers who want less competition could look at Kennerdell 16374 (0% sold over asking) or Emlenton 16373 (0% sold over asking), while Utica 16362 (100% sold over asking) and Pleasantville 16341 (20% sold over asking) are even more competitive.