Housing Prices in Franklin, VA

How much do homes in Franklin, VA cost?

Median List Price

$273,166

$156/sqft

Based on all homes listed in the last 12 months.

Difference Since March 2023

-$24,283(-8.2%)

Key Takeaway

The list price of homes in Franklin has decreased by 8.2% since last year.

Summary: The median home list price in Franklin was $273,166 in March 2024, down 8.2% from the previous year, and the median price per square foot was $156.

Median List Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 -$136.4K
N/A
3 $240K$237.7K
-0.9%
4 $327K$337.9K
+3.4%
5+ $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 decreased by 0.9%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 1.2%.

Median List Price Compared To Nearby Cities

Sedley
+242.4%
Franklin
-8.2%
Franklin
-8.5%

Housing Supply in Franklin, VA

How many homes are available in Franklin, VA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
8392+10.8%

Summary: The Franklin real estate market had 92 homes for sale in March 2024, a 10.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 89
+12.5%
3 3738
+2.7%
4 3440
+17.6%
5+ 45
+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 2.7%, 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 2023Mar 2024CHANGE
146 Days131 Days-10.4%

Summary: Homes in Franklin had an average listing age of 131 days in Mar 2024, down by 10.4% compared to the previous year.

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

Report Updated 25 Days Ago

Newest Listings in Franklin, VA

Nearby Markets to Franklin, VA

What housing markets are near Franklin, VA?