Housing Prices in Franklin, VA

How much do homes in Franklin, VA cost?

Median List Price

$271,833

$156/sqft

Based on all homes listed in the last 12 months.

Difference Since April 2023

-$25,616(-8.6%)

Key Takeaway

The list price of homes in Franklin has decreased by 8.6% since last year.

Summary: The median home list price in Franklin was $271,833 in April 2024, down 8.6% from the previous year, and the median price per square foot was $156.

Median List Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $60K$149.8K
+149.8%
3 $250K$239.9K
-4.0%
4 $327.4K$340K
+3.8%
5+ $422.4K$395.2K
-6.5%

Summary: Franklin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 149.8%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 6.5%.

Median List Price Compared To Nearby Cities

Franklin
-7.6%
Franklin
-8.6%

Housing Supply in Franklin, VA

How many homes are available in Franklin, VA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
8184+3.7%

Summary: The Franklin real estate market had 84 homes for sale in April 2024, a 3.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 911
+22.2%
3 3435
+2.9%
4 3536
+2.9%
5+ 32
-33.3%

Summary: The Franklin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 33.3%.

Days on Market for Franklin, VA

How long does it take to sell a home in Franklin, VA?

Average Listing Age

Apr 2023Apr 2024CHANGE
150 Days103 Days-31.3%

Summary: Homes in Franklin had an average listing age of 103 days in Apr 2024, down by 31.3% compared to the previous year.

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

Report Updated 17 Days Ago

Newest Listings in Franklin, VA

Nearby Markets to Franklin, VA

What housing markets are near Franklin, VA?