$3,919 Closing Credit*
$330,000
1,389 SqFt
2 Beds
•2 Full Baths
#1898178, Joseph Switalski, Listing Office: Coldwell Banker Realty
Is Franklin, WI 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 has remained a Seller's Market.
Key Takeaway
Franklin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Franklin, WI
How much do homes in Franklin, WI cost?
Median Sold Price
$402,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,100(+7.8%)
Key Takeaway
Homes in Franklin have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Franklin was $402,000 in October 2024, up 7.8% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $162K | N/A |
| 2 Bedrooms | $252K | $267.5K | +6.2% |
| 3 Bedrooms | $381K | $413.2K | +8.5% |
| 4 Bedrooms | $505K | $554.9K | +9.9% |
| 5+ Bedrooms | $700K | $734.3K | +4.9% |
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 increased by 6.2%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 4.9%.
Housing Supply in Franklin, WI
How many homes are available in Franklin, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 93 | 103 | +10.8% |
Summary: The Franklin real estate market had 103 homes for sale in October 2024, a 10.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 21 | -4.5% |
| 3 Bedrooms | 40 | 54 | +35.0% |
| 4 Bedrooms | 29 | 26 | -10.3% |
| 5+ Bedrooms | 2 | 2 | 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 decreased by 4.5%, 3 bedroom homes increased by 35%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 24 | -20.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Franklin in October 2024, down by 20.0% month-over-month. Of the 24 sold homes, 38% were sold under asking, 21% were sold at asking, and 42% were sold over asking.
Days on Market for Franklin, WI
We’re sorry, we don't have information for this market at the moment
