Housing Prices in Franklin, VA
How much do homes in Franklin, VA cost?
Median List Price
$274,500
$156/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Summary: The median home list price in Franklin was $274,500 in March 2024, down 8.5% from the previous year, and the median price per square foot was $156.
Median List Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $136.4K | N/A |
3 Bedrooms | $237K | $238K | 0.4% |
4 Bedrooms | $327K | $337.9K | +3.4% |
5+ Bedrooms | $404.9K | $399.9K | -1.2% |
Summary: Franklin housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 1.2%.
Median List Price Compared To Nearby Cities
Carrsville | $191.9K | $315K | +64.1% |
Franklin | $297.4K | $273.1K | -8.2% |
Franklin | $299.9K | $274.5K | -8.5% |
Housing Supply in Franklin, VA
How many homes are available in Franklin, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
80 | 89 | +11.3% |
Summary: The Franklin real estate market had 89 homes for sale in March 2024, a 11.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 34 | 35 | +2.9% |
4 Bedrooms | 34 | 40 | +17.6% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Franklin housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 25%.
Days on Market for Franklin, VA
How long does it take to sell a home in Franklin, VA?
Average Listing Age
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
148 Days | 134 Days | -9.7% |
Summary: Homes in Franklin had an average listing age of 134 days in Mar 2024, down by 9.7% compared to the previous year.