Is Franklin Town, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Franklin Town has remained a Seller's Market.
Housing Prices in Franklin Town, MA
How much do homes in Franklin Town, MA cost?
Median Sold Price
$657,500
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Franklin Town was $657,500 in June 2024, up 14.2% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $178K | $220K | +23.6% |
2 Bedrooms | $380K | $413.7K | +8.9% |
3 Bedrooms | $512K | $608.5K | +18.8% |
4 Bedrooms | $777K | $805K | +3.6% |
5+ Bedrooms | $810K | $884.9K | +9.3% |
Summary: Franklin Town housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.6%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Cities
Medway | $586.5K | $702.5K | +19.8% |
Franklin | $575K | $657.5K | +14.3% |
Franklin Town | $575.8K | $657.5K | +14.2% |
Norfolk | $699.9K | $764.9K | +9.3% |
Bellingham | $454K | $490K | +7.9% |
Housing Supply in Franklin Town, MA
How many homes are available in Franklin Town, MA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
107 | 110 | +2.8% |
Summary: The Franklin Town real estate market had 110 homes for sale in June 2024, a 2.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 24 | 20 | -16.7% |
3 Bedrooms | 22 | 32 | +45.5% |
4 Bedrooms | 45 | 42 | -6.7% |
5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The Franklin Town housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 45.5%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
28 | 42 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Franklin Town in June 2024, up by 50.0% month-over-month. Of the 42 sold homes, 10% were sold under asking, 10% were sold at asking, and 81% were sold over asking.
Days on Market for Franklin Town, MA
How long does it take to sell a home in Franklin Town, MA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
18 Days | 18 Days | -1.9% |
Summary: Homes in Franklin Town had an average of 18 days on market in Jun 2024, down by 1.9% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 42 homes were sold in Franklin Town; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.