Is Franklin County, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Franklin County is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Franklin County has remained a Seller's Market.

Key Takeaway

Franklin County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Franklin County, MA cost?

Median Sold Price

$285,000

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$20,187(+7.6%)

Key Takeaway

Homes in Franklin County have sold for 7.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $122.7K$190K
+54.8%
2 $215.9K$251.1K
+16.3%
3 $270K$291K
+7.8%
4 $299.9K$335K
+11.7%
5+ $280K$287K
+2.5%

Median Sold Price Compared To Nearby Counties

Worcester County
+11.3%
Hampshire County
+9.6%
Franklin County
+7.6%

How many homes are available in Franklin County, MA?

Number of Homes For Sale

Jul 2022Aug 2022%
246244-0.8%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 96
-33.3%
2 5343
-18.9%
3 105111
+5.7%
4 4849
+2.1%
5+ 3135
+12.9%

Number of Homes Sold

Jul 2022Aug 2022%
5766+15.8%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

34 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Franklin County, you could pay more than the asking price. 51.5% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
37 Days25 Days-32.7%

Breakdown of Home Sale Times

49 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Franklin County are selling fast, if you're buying plan to act quickly.

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

About Franklin County, MA

There are 244 homes are for sale in Franklin County, MA real estate market. The inventory of homes for sale in Franklin County, MA between July 2022 and August 2022 decreased by 0.8%. In August 2022 median list price was $285,000 and the average listing age was 25 days. Real estate listing prices changed between July 2022 and August 2022: prices of 1 bedroom properties went up by 54.8%, the cost of 2 bedrooms properties went up by 16.3%, prices of 3 bedrooms properties went up by 7.8%, prices of 4 bedrooms properties increased by 11.7%, 5 bedrooms properties became 2.5% more expensive. Volume of homes for sale changed: 1 bedroom homes became 33.3% less available, volume of 2 bedrooms homes went down by 18.9%, number of 3 bedrooms homes increased by 5.7%, 4 bedrooms homes became 2.1% more available, 5 bedrooms homes inventory increased by 12.9%. In August 2022, from all listings sold in Franklin County, MA there were more than 34 sold above asking price, over 22 sold below and more than 10 were sold right at the asked price.

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