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

-$13,000(-4.5%)

Key Takeaway

The list price of homes in Franklin has decreased by 4.5% since last year.

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

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $60K$145.5K
+142.5%
3 $222.4K$237.5K
+6.8%
4 $328.9K$344.9K
+4.8%
5+ $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
-1.9%
Franklin
-4.5%

Housing Supply in Franklin, VA

How many homes are available in Franklin, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
7992+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1012
+20.0%
3 3334
+3.0%
4 3439
+14.7%
5+ 27
+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 2023May 2024CHANGE
135 Days86 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Franklin, VA

Nearby Markets to Franklin, VA

What housing markets are near Franklin, VA?