$3,443 Closing Credit*
$289,900
1,572 SqFt
2 Beds
•2 Full Baths, 1 Partial
#1899558, Bonnie Johnson, Listing Office: RE/MAX Lakeside-Central
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
+$28,166(+7.5%)
Key Takeaway
Homes in Franklin have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Franklin was $402,000 in October 2024, up 7.5% 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 | $383K | $413.2K | +7.9% |
| 4 Bedrooms | $503.7K | $554.9K | +10.2% |
| 5+ Bedrooms | $702.5K | $729.6K | +3.9% |
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 7.9%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 3.9%.
Housing Supply in Franklin, WI
How many homes are available in Franklin, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 92 | 102 | +10.9% |
Summary: The Franklin real estate market had 102 homes for sale in October 2024, a 10.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 22 | 21 | -4.5% |
| 3 Bedrooms | 39 | 53 | +35.9% |
| 4 Bedrooms | 29 | 26 | -10.3% |
| 5+ Bedrooms | 1 | 1 | 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 35.9%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 23 | -23.3% |
Asking Price vs. Sold Price
8 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. 43.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Franklin in October 2024, down by 23.3% month-over-month. Of the 23 sold homes, 35% were sold under asking, 22% were sold at asking, and 43% were sold over asking.
Days on Market for Franklin, WI
We’re sorry, we don't have information for this market at the moment
