$9,488 Closing Credit*
$799,000
3,730 SqFt
6 Beds
•3 Full Baths, 1 Partial
#73314304, Ted Hanna, 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 October 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
$336,666
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,666(+9.7%)
Key Takeaway
Homes in Franklin County have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Franklin County was $336,666 in October 2024, up 9.7% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $179K | -25.4% |
| 2 Bedrooms | $262K | $278K | +6.1% |
| 3 Bedrooms | $315K | $355K | +12.7% |
| 4 Bedrooms | $345K | $385K | +11.6% |
| 5+ Bedrooms | $306.5K | $370K | +20.7% |
Summary: Franklin County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.4%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 20.7%.
Median Sold Price Compared To Nearby Counties
| Franklin County | $307K | $336.6K | +9.7% |
| Worcester County | $431.1K | $465.1K | +7.9% |
| Hampshire County | $390K | $420K | +7.7% |
Housing Supply in Franklin County, MA
How many homes are available in Franklin County, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 198 | 208 | +5.1% |
Summary: The Franklin County real estate market had 208 homes for sale in October 2024, a 5.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 43 | 42 | -2.3% |
| 3 Bedrooms | 73 | 78 | +6.8% |
| 4 Bedrooms | 57 | 58 | +1.8% |
| 5+ Bedrooms | 17 | 23 | +35.3% |
Summary: The Franklin County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 35.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 42 | -10.6% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin County, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 42 homes were sold or pending in Franklin County in October 2024, down by 10.6% month-over-month. Of the 42 sold homes, 38% were sold under asking, 5% were sold at asking, and 57% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 27 Days | -40.5% |
Summary: Homes in Franklin County had an average of 27 days on market in Oct 2024, down by 40.5% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 42 homes were sold in Franklin County; 67% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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