Is Franklin County, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 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, MA
How much do homes in Franklin County, MA cost?
Median Sold Price
$326,628
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Franklin County have sold for 10% more than they did a year ago.
Summary: The median home sold price in Franklin County was $326,628 in May 2024, up 10% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $208.6K | $240K | +15.0% |
| 2 Bedrooms | $265K | $280K | +5.7% |
| 3 Bedrooms | $300K | $335K | +11.7% |
| 4 Bedrooms | $335K | $380K | +13.4% |
| 5+ Bedrooms | $339.9K | $340K | 0.0% |
Summary: Franklin County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Franklin County | $296.9K | $326.6K | +10.0% |
| Worcester County | $419.9K | $453.8K | +8.1% |
| Hampshire County | $380.5K | $405.7K | +6.6% |
Housing Supply in Franklin County, MA
How many homes are available in Franklin County, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 170 | 199 | +17.1% |
Summary: The Franklin County real estate market had 199 homes for sale in May 2024, a 17.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 43 | 45 | +4.7% |
| 3 Bedrooms | 63 | 69 | +9.5% |
| 4 Bedrooms | 37 | 53 | +43.2% |
| 5+ Bedrooms | 21 | 28 | +33.3% |
Summary: The Franklin County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 43.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 45 | +12.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin County, you could pay more than the asking price. 64.4% of homes here sold above asking price last month.
Summary: A total of 45 homes were sold or pending in Franklin County in May 2024, up by 12.5% month-over-month. Of the 45 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% were sold over asking.
Days on Market for Franklin County, MA
How long does it take to sell a home in Franklin County, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 53 Days | 33 Days | -37.9% |
Summary: Homes in Franklin County had an average of 33 days on market in May 2024, down by 37.9% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Franklin County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 45 homes were sold in Franklin County; 76% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
© 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.