$5,936 Closing Credit*
$499,900
1,800 SqFt
3 Beds
•2 Full Baths
#73320731, Matthew Kelly, Listing Office: LAER Realty Partners
Is Franklin Town, 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 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
$666,633
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$59,300(+9.8%)
Key Takeaway
Homes in Franklin Town have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Franklin Town was $666,633 in November 2024, up 9.8% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $207.5K | $223.7K | +7.8% |
| 2 Bedrooms | $392.2K | $418.7K | +6.8% |
| 3 Bedrooms | $552.5K | $610K | +10.4% |
| 4 Bedrooms | $792.5K | $825K | +4.1% |
| 5+ Bedrooms | $777K | $1.0M | +35.1% |
Summary: Franklin Town housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 35.1%.
Median Sold Price Compared To Nearby Cities
| Norfolk | $709.6K | $811.8K | +14.4% |
| Franklin Town | $607.3K | $666.6K | +9.8% |
| Franklin | $607.3K | $666.6K | +9.8% |
| Bellingham | $479K | $500.5K | +4.5% |
| Medway | $679.5K | $692.5K | +1.9% |
Housing Supply in Franklin Town, MA
How many homes are available in Franklin Town, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 87 | 75 | -13.8% |
Summary: The Franklin Town real estate market had 75 homes for sale in November 2024, a 13.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 23 | 21 | -8.7% |
| 3 Bedrooms | 27 | 24 | -11.1% |
| 4 Bedrooms | 26 | 21 | -19.2% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Franklin Town housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.7%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 26 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was 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. 57.7% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Franklin Town in November 2024, the same as the previous month. Of the 26 sold homes, 38% were sold under asking, 4% were sold at asking, and 58% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 37 Days | +16.6% |
Summary: Homes in Franklin Town had an average of 37 days on market in Nov 2024, up by 16.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 26 homes were sold in Franklin Town; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
