$3,260 Closing Credit*
$274,500
1,723 SqFt
2 Beds
•2 Full Baths, 1 Partial
#1902229, Hoffmann Team*, 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 November 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
$400,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,449(+6.5%)
Key Takeaway
Homes in Franklin have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Franklin was $400,000 in November 2024, up 6.5% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $162K | N/A |
| 2 Bedrooms | $252K | $270K | +7.1% |
| 3 Bedrooms | $385K | $411.2K | +6.8% |
| 4 Bedrooms | $530K | $552K | +4.2% |
| 5+ Bedrooms | $719.6K | $731.5K | +1.6% |
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 increased by 7.1%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Cities
| Jefferson | $295K | $323.4K | +9.6% |
| Franklin | $375.5K | $400K | +6.5% |
Housing Supply in Franklin, WI
How many homes are available in Franklin, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 97 | 96 | -1.0% |
Summary: The Franklin real estate market had 96 homes for sale in November 2024, a 1.0% 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 | 21 | 27 | +28.6% |
| 3 Bedrooms | 52 | 49 | -5.8% |
| 4 Bedrooms | 23 | 20 | -13.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
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 increased by 28.6%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 33 | +22.2% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Franklin in November 2024, up by 22.2% month-over-month. Of the 33 sold homes, 45% were sold under asking, 21% were sold at asking, and 33% were sold over asking.
Days on Market for Franklin, WI
We’re sorry, we don't have information for this market at the moment
