$5,878 Closing Credit*
$495,000
1,248 SqFt
2 Beds
•1 Full Bath
Listing Office: RAILEY REALTY WEST VIRGINIA PROPERTIES
Is Franklin, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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, WV
How much do homes in Franklin, WV cost?
Median Sold Price
$342,750
$152/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$69,250(+25.3%)
Key Takeaway
Homes in Franklin have sold for 25.3% more than they did a month ago.
Summary: The median home sold price in Franklin was $342,750 in October 2024, up 25.3% from last month, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $148K | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | $342.7K | N/A |
| 5+ Bedrooms | $399K | - | N/A |
Summary: Franklin housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Franklin | $273.5K | $342.7K | +25.3% |
| Central | $273.5K | $342.7K | +25.3% |
Housing Supply in Franklin, WV
How many homes are available in Franklin, WV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Summary: The Franklin real estate market had 11 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
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 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Franklin in October 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Franklin, WV
How long does it take to sell a home in Franklin, WV?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 Days | 110 Days | +84.2% |
Summary: Homes in Franklin had an average of 110 days on market in Oct 2024, up by 84.2% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Franklin are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 2 homes were sold in Franklin; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
