Housing Prices in Franklin, VA

How much do homes in Franklin, VA cost?

Median List Price

$295,000

$153/sqft

Based on all homes listed in the last 12 months.

Difference Since November 2023

-$14,990(-4.8%)

Key Takeaway

The list price of homes in Franklin has decreased by 4.8% since last year.

Summary: The median home list price in Franklin was $295,000 in November 2024, down 4.8% from the previous year, and the median price per square foot was $153.

Median List Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $186.7K$140K
-25.0%
3 $137.5K$239.9K
+74.5%
4 $330.5K$355K
+7.4%
5+ $394K$394K
0.0%

Summary: Franklin housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 74.5%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Cities

Franklin
-4.8%
Franklin
-6.5%

Housing Supply in Franklin, VA

How many homes are available in Franklin, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
100110+10.0%

Summary: The Franklin real estate market had 110 homes for sale in November 2024, a 10.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 108
-20.0%
3 4651
+10.9%
4 3440
+17.6%
5+ 1011
+10.0%

Summary: The Franklin 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 20%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 10%.

Days on Market for Franklin, VA

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

Average Listing Age

Nov 2023Nov 2024CHANGE
169 Days89 Days-47.1%

Summary: Homes in Franklin had an average listing age of 89 days in Nov 2024, down by 47.1% 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?