How much do homes in Franklin, MI cost?

Median List Price

$669,750

Based on all homes listed in the last 12 months.

Difference Since June 2020

+$132,350(+24.6%)

Key Takeaway

The list price of homes in Franklin has increased by 24.6% since last year.

Median List Price By Bedroom Count

# BEDSJun 2020Jun 2021%
1 --N/A
2 $589K$589K0.0%
3 $425K$418K-1.6%
4 $567.5K$693.2K+22.2%
5+ $1.0M$1.3M+28.4%

Median List Price Compared To Nearby Cities

Franklin
+24.6%
Bloomfield Charter Township
+23.2%
Bingham Farms
+19.2%
Southfield
+11.7%
Southfield Township
+8.2%

How many homes are available in Franklin, MI?

Number of Homes For Sale

May 2021Jun 2021%
1828+55.6%

Homes For Sale By Bedroom Count

# BEDSMay 2021Jun 2021%
1 000.0%
2 000.0%
3 710+42.9%
4 711+57.1%
5+ 47+75.0%

Average Listing Age

Jun 2020Jun 2021%
107 Days34 Days-67.8%

About Franklin, MI

There are 28 homes are for sale in Franklin, MI real estate market. The number of homes for sale in Franklin, MI increased by 55.6% between May 2021 and June 2021. The median list price of listings available in June 2021 was $669,750, while the average time on the real estate market was 34 days. Listing prices have changed in this real estate market between May 2021 and June 2021: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties did not move, the cost of 3 bedrooms properties went down by 1.6%, the cost of 4 bedrooms properties went up by 22.2%, the cost of 5 bedrooms properties went up by 28.4%. Volume of homes for sale changed: 1 bedroom homes did not move, 2 bedrooms homes inventory did not change, volume of 3 bedrooms homes went up by 42.9%, 4 bedrooms homes inventory increased by 57.1%, volume of 5 bedrooms homes went up by 75%.

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