Housing Prices in Franklin, VA

How much do homes in Franklin, VA cost?

Median List Price

$295,000

$152/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

-$16,500(-5.3%)

Key Takeaway

The list price of homes in Franklin has decreased by 5.3% since last year.

Summary: The median home list price in Franklin was $295,000 in October 2024, down 5.3% from the previous year, and the median price per square foot was $152.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $186.7K$159K
-14.9%
3 $200K$235K
+17.5%
4 $341K$353K
+3.5%
5+ $395.2K$390K
-1.3%

Summary: Franklin housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.9%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 1.3%.

Median List Price Compared To Nearby Cities

Franklin
-5.3%
Franklin
-6.7%

Housing Supply in Franklin, VA

How many homes are available in Franklin, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
86109+26.7%

Summary: The Franklin real estate market had 109 homes for sale in October 2024, a 26.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 711
+57.1%
3 3447
+38.2%
4 3339
+18.2%
5+ 1212
0.0%

Summary: The Franklin housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 38.2%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.

Days on Market for Franklin, VA

How long does it take to sell a home in Franklin, VA?

Average Listing Age

Oct 2023Oct 2024CHANGE
159 Days89 Days-44.0%

Summary: Homes in Franklin had an average listing age of 89 days in Oct 2024, down by 44% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Franklin, VA

Nearby Markets to Franklin, VA

What housing markets are near Franklin, VA?