Is Franklin, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Franklin has remained a Seller's Market.
Key Takeaway
Franklin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Franklin, WI
How much do homes in Franklin, WI cost?
Median Sold Price
$375,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Franklin have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Franklin was $375,000 in March 2024, up 5.7% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132.5K | $160K | +20.8% |
| 2 Bedrooms | $225K | $252K | +12.0% |
| 3 Bedrooms | $365K | $385K | +5.5% |
| 4 Bedrooms | $487.5K | $546.5K | +12.1% |
| 5+ Bedrooms | $678.5K | $700K | +3.2% |
Summary: Franklin housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.8%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Greenfield | $255.9K | $284.9K | +11.3% |
| Greendale | $320K | $342K | +6.9% |
| Oak Creek | $335K | $355K | +6.0% |
| Franklin | $354.6K | $375K | +5.7% |
| Hales Corners | $335.2K | $340K | +1.4% |
Housing Supply in Franklin, WI
How many homes are available in Franklin, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 78 | 97 | +24.4% |
Summary: The Franklin real estate market had 97 homes for sale in March 2024, a 24.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 17 | 20 | +17.6% |
| 3 Bedrooms | 31 | 43 | +38.7% |
| 4 Bedrooms | 25 | 28 | +12.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Franklin housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 38.7%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin, you could pay more than the asking price. 59.1% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Franklin in March 2024, up by 4.8% month-over-month. Of the 22 sold homes, 32% were sold under asking, 9% were sold at asking, and 59% were sold over asking.
Days on Market for Franklin, WI
We’re sorry, we don't have information for this market at the moment
