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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $136.4K | N/A |
3 Bedrooms | $240K | $237.7K | -0.9% |
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 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 | $73.7K | $252.5K | +242.4% |
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 |
---|---|---|
83 | 92 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 37 | 38 | +2.7% |
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 2.7%, 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 2023 | Mar 2024 | CHANGE |
---|---|---|
146 Days | 131 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.