1 day on Rocket
$7,113 Closing Credit¹
#73354440, Katelyn Cleveland, Listing Office: Better Living Real Estate, LLC
Franklin Housing Market Report March 2025•Norfolk County, Massachusetts
Housing Prices in Franklin, MA
How much do homes in Franklin, MA cost?
Housing Market Conditions
Is Franklin, MA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Franklin is a Seller's Market
Difference Since March 2024
Since last year, Franklin has remained a Seller's Market.
Insight
Franklin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$670,100$318/SqFt
+$34,766
+5.5%
Based on all homes sold in the last 12 months
Insight
Homes in Franklin have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Franklin was $670,100 in March 2025, up 5.5% from last year, and the median price per square foot was $318.
Median Sold Price By Cities
| City | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| Norfolk | $709.6K | $800.1K | +12.8% |
| Bellingham | $480K | $540K | +12.5% |
| Franklin Town | $635.3K | $670.1K | +5.5% |
| Franklin | $635.3K | $670.1K | +5.5% |
| Medway | $679K | $700K | +3.1% |
Median Sold Price By Bedrooms
| Beds | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $265K | $228.7K | -13.7% |
| 22 Bedrooms | $413.7K | $460K | +11.2% |
| 33 Bedrooms | $577.5K | $610K | +5.6% |
| 44 Bedrooms | $805K | $830K | +3.1% |
| 55+ Bedrooms | $805.5K | $890K | +10.5% |
Summary: Franklin housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -13.7%. The home price for 2 bedroom homes increased by +11.2%. The home price for 3 bedroom homes increased by +5.6%. The home price for 4 bedroom homes increased by +3.1%. The home price for 5 bedroom homes increased by +10.5%.
How does Franklin, MA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Franklin, MA
Housing supply in Franklin, MA
How many homes are available in Franklin, MA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 62Last MonthMar 2025 | ||
| 472 months agoFeb 2025 | +31.9 % Change MoMFeb – Mar |
Summary: The Franklin real estate market had 62 homes for sale in Mar 2025, a 31.9 % increase compared to Feb 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 11Last MonthMar 2025 | ||
| 152 months agoFeb 2025 | -26.7 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 2 | 0 | -100.0% |
| 22 Bedrooms | 15 | 16 | +6.7% |
| 33 Bedrooms | 14 | 13 | -7.1% |
| 44 Bedrooms | 13 | 24 | +84.6% |
| 55+ Bedrooms | 3 | 9 | +200.0% |
Summary: Franklin housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes increased by +6.7%. The inventory for 3 bedroom homes decreased by -7.1%. The inventory for 4 bedroom homes increased by +84.6%. The inventory for 5 bedroom homes increased by +200.0%.
Asking Price vs. Sold Price
How much do homes in Franklin, MA cost?
Over Asking Price6 Homes
At Asking Price2 Homes
Under Asking Price3 Homes
Insight
If you're buying a home in Franklin, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Franklin in March 2025, down by 26.7% month-over-month. Of the 11 sold homes, 27% were sold under asking, 18% were sold at asking, and and 55% were sold over asking.
Days on Market for Franklin, MA
How long does it take to sell a home in Franklin, MA?
Breakdown of Home Sale Times
Under 30 Days7 Homes
30 – 90 Days3 Homes
Over 90 Days1 Home
Insight
Many homes in Franklin are selling fast, if you're buying plan to act quickly.
Summary: During March 2025, 11 homes were sold in Franklin; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 45 DaysThis YearMar 2025 | ||
| 20 Days1 year agoMar 2024 | +121.4 % Change YoYMar 2024 – Mar 2025 |
Summary: Homes in Franklin had an average listing age of 45 days in Mar 2025, up by 121.4% compared to the previous year.
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Newest Listings in Franklin, MA
What homes are available in Franklin, MA?
1 day on Rocket
$6,413 Closing Credit¹
#73354291, Eileen Mason, Listing Office: RE/MAX Executive Realty
1 day on Rocket
$10,000 Closing Credit¹
#73354249, Denise Shea, Listing Office: Amaral & Associates RE
2 days on Rocket
$3,800 Closing Credit¹
#73354042, Marcia Pessanha, Listing Office: eXp Realty
2 days on Rocket
$5,938 Closing Credit¹
#73354045, Nancy Briggs, Listing Office: Suburban Lifestyle Real Estate
2 days on Rocket
$7,351 Closing Credit¹
#73353260, Nicole Vermillion, Listing Office: Lamacchia Realty, Inc.
2 days on Rocket
$4,619 Closing Credit¹
#73352956, Kulesza Mercuri Real Estate Team, Listing Office: RE/MAX Real Estate Center
2 days on Rocket
$8,134 Closing Credit¹
#73353569, Craig Carey, Listing Office: Carey Realty Group, Inc. - Boston
2 days on Rocket
$6,876 Closing Credit¹
#73353384, Robert Carey, Listing Office: Carey Realty Group, Inc.
2 days on Rocket
$8,905 Closing Credit¹
#73352577, Christine Molla, Listing Office: Costello Realty
2 days on Rocket
$7,480 Closing Credit¹
#73352999, Candice Beecher, Listing Office: Berkshire Hathaway HomeServices Page Realty
2 days on Rocket
$8,312 Closing Credit¹
#73351920, Nancy Cassano, Listing Office: Today Real Estate, Inc.
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MLS Disclaimers and Copyright
Based on information from MLS Property Information Network Inc., for the period 04/01/2023 - 04/01/2025
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/4/2025, 9:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.