$8,311 Closing Credit*
$699,877
1,090 SqFt
2 Beds
•1 Full Bath, 1 Partial
#73314438, MG Group, Listing Office: Century 21 North East
Is Franklin Town, 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 Town has remained a Seller's Market.
Key Takeaway
Franklin Town is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Franklin Town, MA
How much do homes in Franklin Town, MA cost?
Median Sold Price
$680,000
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$82,500(+13.8%)
Key Takeaway
Homes in Franklin Town have sold for 13.8% more than they did a year ago.
Summary: The median home sold price in Franklin Town was $680,000 in October 2024, up 13.8% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $207.5K | $223.7K | +7.8% |
| 2 Bedrooms | $413.5K | $405K | -2.1% |
| 3 Bedrooms | $535K | $610K | +14.0% |
| 4 Bedrooms | $785K | $820K | +4.5% |
| 5+ Bedrooms | $801K | $1.0M | +25.8% |
Summary: Franklin Town housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 25.8%.
Median Sold Price Compared To Nearby Cities
| Franklin Town | $597.5K | $680K | +13.8% |
| Franklin | $597.5K | $680K | +13.8% |
| Norfolk | $711.7K | $801.3K | +12.6% |
| Medway | $657.5K | $697.5K | +6.1% |
| Bellingham | $479K | $500K | +4.4% |
Housing Supply in Franklin Town, MA
How many homes are available in Franklin Town, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 69 | 87 | +26.1% |
Summary: The Franklin Town real estate market had 87 homes for sale in October 2024, a 26.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 14 | 24 | +71.4% |
| 3 Bedrooms | 23 | 28 | +21.7% |
| 4 Bedrooms | 23 | 26 | +13.0% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Franklin Town housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 71.4%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 23 | +27.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin Town, you could pay more than the asking price. 65.2% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Franklin Town in October 2024, up by 27.8% month-over-month. Of the 23 sold homes, 26% were sold under asking, 9% were sold at asking, and 65% were sold over asking.
Days on Market for Franklin Town, MA
How long does it take to sell a home in Franklin Town, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 19 Days | -3.0% |
Summary: Homes in Franklin Town had an average of 19 days on market in Oct 2024, down by 3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Franklin Town are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in Franklin Town; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
