Is Franklin, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Franklin has remained a Seller's Market.
Housing Prices in Franklin, WI
How much do homes in Franklin, WI cost?
Median Sold Price
$375,551
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Franklin was $375,551 in April 2024, up 3.9% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $132.5K | $160K | +20.8% |
2 Bedrooms | $225K | $251K | +11.6% |
3 Bedrooms | $370K | $389K | +5.1% |
4 Bedrooms | $496.5K | $555.5K | +11.9% |
5+ Bedrooms | $705K | $700K | -0.7% |
Summary: Franklin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.8%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Cities
Greenfield | $257.9K | $282.2K | +9.4% |
Greendale | $320.5K | $349.9K | +9.2% |
Hales Corners | $323.4K | $352.5K | +9.0% |
Franklin | $361.5K | $375.5K | +3.9% |
Oak Creek | $339.9K | $350K | +3.0% |
Housing Supply in Franklin, WI
How many homes are available in Franklin, WI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
103 | 117 | +13.6% |
Summary: The Franklin real estate market had 117 homes for sale in April 2024, a 13.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 24 | 30 | +25.0% |
3 Bedrooms | 46 | 46 | 0.0% |
4 Bedrooms | 27 | 33 | +22.2% |
5+ Bedrooms | 6 | 8 | +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 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 41 | +57.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Franklin in April 2024, up by 57.7% month-over-month. Of the 41 sold homes, 27% were sold under asking, 17% were sold at asking, and 56% were sold over asking.
Days on Market for Franklin, WI
We’re sorry, we don't have information for this market at the moment