Franklin Housing Market Report March 2025•Franklin County, Virginia

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Housing Prices in Franklin, VA

How much do homes in Franklin, VA cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$280,000$155/SqFt
+$35,000
+14.3%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Franklin has increased by 14.3% since last year.

Summary: The median home list price in Franklin was $280,000 in March 2025, up 14.3% from the previous year, and the median price per square foot was $155.

Median List Price By Cities

Median List Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Franklin
+14.3%
Franklin
+14.3%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2024Mar 2025Change YoY
1-$49.9K
N/A
2$115.8K$132.5K
+14.4%
3$201K$245K
+21.9%
4$350K$355.5K
+1.6%
5$412.4K$392.9K
-4.7%

Summary: Franklin housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +14.4%. The home price for 3 bedroom homes increased by +21.9%. The home price for 4 bedroom homes increased by +1.6%. The home price for 5 bedroom homes decreased by -4.7%.

How does Franklin, VA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Franklin, VA

Housing supply in Franklin, VA

How many homes are available in Franklin, VA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
112Last MonthMar 2025
1012 months agoFeb 2025
+10.9 %
Change MoMFeb – Mar

Summary: The Franklin real estate market had 112 homes for sale in Mar 2025, a 10.9 % increase compared to Feb 2025.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
101
+100.0%
288
0.0%
34960
+22.4%
43029
-3.3%
51414
0.0%

Summary: Franklin housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +22.4%. The inventory for 4 bedroom homes decreased by -3.3%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Franklin, VA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

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 18 homes were sold or pending in Franklin in March 2025, up by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Franklin, VA

How long does it take to sell a home in Franklin, VA?

Breakdown of Home Sale Times

Under 30 Days6 Homes

30 – 90 Days4 Homes

Over 90 Days8 Homes

Insight

Most homes in Franklin are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2025, 18 homes were sold in Franklin; 33% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
103 DaysThis YearMar 2025
138 Days1 year agoMar 2024
-25.4 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Franklin had an average listing age of 103 days in Mar 2025, down by 25.4% compared to the previous year.

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Newest Listings in Franklin, VA

What homes are available in Franklin, VA?

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Nearby markets

Popular Cities with Homes for Sale in Virginia

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Based on information from Real Estate Information Network, for the period 04/01/2023 - 04/01/2025

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Last updated on: 4/9/2025, 4:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.