Is Franklin County, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Franklin County has remained a Seller's Market.
Housing Prices in Franklin County, MA
How much do homes in Franklin County, MA cost?
Median Sold Price
$325,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Franklin County was $325,000 in March 2024, up 10.2% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $256K | +21.9% |
2 Bedrooms | $265K | $279.9K | +5.6% |
3 Bedrooms | $300K | $330.7K | +10.3% |
4 Bedrooms | $337.4K | $369K | +9.3% |
5+ Bedrooms | $305K | $345K | +13.1% |
Summary: Franklin County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.9%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 13.1%.
Median Sold Price Compared To Nearby Counties
Franklin County | $295K | $325K | +10.2% |
Worcester County | $418.1K | $449.9K | +7.6% |
Hampshire County | $381.2K | $400K | +4.9% |
Housing Supply in Franklin County, MA
How many homes are available in Franklin County, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
143 | 137 | -4.2% |
Summary: The Franklin County real estate market had 137 homes for sale in March 2024, a 4.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 29 | 30 | +3.4% |
3 Bedrooms | 55 | 52 | -5.5% |
4 Bedrooms | 32 | 29 | -9.4% |
5+ Bedrooms | 24 | 21 | -12.5% |
Summary: The Franklin County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 35 | +6.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Franklin County in March 2024, up by 6.1% month-over-month. Of the 35 sold homes, 40% were sold under asking, 23% were sold at asking, and 37% were sold over asking.
Days on Market for Franklin County, MA
How long does it take to sell a home in Franklin County, MA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
55 Days | 57 Days | +3.6% |
Summary: Homes in Franklin County had an average of 57 days on market in Mar 2024, up by 3.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 35 homes were sold in Franklin County; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.