Housing Prices in Franklin, VA
How much do homes in Franklin, VA cost?
Median List Price
$277,000
$157/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Summary: The median home list price in Franklin was $277,000 in May 2024, down 4.5% from the previous year, and the median price per square foot was $157.
Median List Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $60K | $145.5K | +142.5% |
3 Bedrooms | $222.4K | $237.5K | +6.8% |
4 Bedrooms | $328.9K | $344.9K | +4.8% |
5+ Bedrooms | $421K | $394K | -6.4% |
Summary: Franklin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 142.5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 6.4%.
Median List Price Compared To Nearby Cities
Franklin | $287K | $281.5K | -1.9% |
Franklin | $290K | $277K | -4.5% |
Housing Supply in Franklin, VA
How many homes are available in Franklin, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
79 | 92 | +16.5% |
Summary: The Franklin real estate market had 92 homes for sale in May 2024, a 16.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 33 | 34 | +3.0% |
4 Bedrooms | 34 | 39 | +14.7% |
5+ Bedrooms | 2 | 7 | +250.0% |
Summary: The Franklin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 250%.
Days on Market for Franklin, VA
How long does it take to sell a home in Franklin, VA?
Average Listing Age
May 2023 | May 2024 | CHANGE |
---|---|---|
135 Days | 86 Days | -36.0% |
Summary: Homes in Franklin had an average listing age of 86 days in May 2024, down by 36% compared to the previous year.