$6,745 Closing Credit*
$568,000
3,400 SqFt
4 Beds
•3 Full Baths
#73320345, Harriet Paine, Listing Office: Cohn & Company
Is Franklin County, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$335,183
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,283(+7.5%)
Key Takeaway
Homes in Franklin County have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Franklin County was $335,183 in November 2024, up 7.5% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $175K | -31.4% |
| 2 Bedrooms | $263K | $276.5K | +5.1% |
| 3 Bedrooms | $324.9K | $350K | +7.7% |
| 4 Bedrooms | $350K | $394.1K | +12.6% |
| 5+ Bedrooms | $318.5K | $370K | +16.2% |
Summary: Franklin County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.4%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 16.2%.
Median Sold Price Compared To Nearby Counties
| Hampshire County | $388.9K | $421.4K | +8.4% |
| Franklin County | $311.9K | $335.1K | +7.5% |
| Worcester County | $437.7K | $469.1K | +7.2% |
Housing Supply in Franklin County, MA
How many homes are available in Franklin County, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 208 | 187 | -10.1% |
Summary: The Franklin County real estate market had 187 homes for sale in November 2024, a 10.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 46 | 37 | -19.6% |
| 3 Bedrooms | 80 | 75 | -6.3% |
| 4 Bedrooms | 55 | 51 | -7.3% |
| 5+ Bedrooms | 20 | 15 | -25.0% |
Summary: The Franklin County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 19.6%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 41 | -12.8% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin County, you could pay more than the asking price. 48.8% of homes here sold above asking price last month.
Summary: A total of 41 homes were sold or pending in Franklin County in November 2024, down by 12.8% month-over-month. Of the 41 sold homes, 41% were sold under asking, 10% were sold at asking, and 49% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 44 Days | +8.2% |
Summary: Homes in Franklin County had an average of 44 days on market in Nov 2024, up by 8.2% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 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 November 2024, 41 homes were sold in Franklin County; 63% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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