Is Franklin County, VT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Franklin County has remained a Seller's Market.
Key Takeaway
Franklin County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Franklin County, VT
How much do homes in Franklin County, VT cost?
Median Sold Price
$331,500
$193/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
The sold price of homes in Franklin County has remained the same since last month.
Summary: The median home sold price in Franklin County was $331,500 in March 2024, up 0.5% from last month, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $335K | $310K | -7.5% |
| 3 Bedrooms | $252K | $319.7K | +26.9% |
| 4 Bedrooms | $402K | $528.9K | +31.6% |
| 5+ Bedrooms | $485K | $560K | +15.5% |
Summary: Franklin County housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.5%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes increased by 15.5%.
Median Sold Price Compared To Nearby Counties
| Orleans County | $230K | $335K | +45.7% |
| Chittenden County | $402.5K | $451.7K | +12.2% |
| Franklin County | $329.9K | $331.5K | 0.5% |
Housing Supply in Franklin County, VT
How many homes are available in Franklin County, VT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 88 | 91 | +3.4% |
Summary: The Franklin County real estate market had 91 homes for sale in March 2024, a 3.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 49 | 53 | +8.2% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Franklin County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Franklin County in March 2024, up by 5.3% month-over-month. Of the 20 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for Franklin County, VT
We’re sorry, we don't have information for this market at the moment
© Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.