Franklin Housing Market Report February 2025•Southampton 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.
$284,900$155/SqFt
+$38,400
+15.6%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Franklin has increased by 15.6% since last year.

Summary: The median home list price in Franklin was $284,900 in February 2025, up 15.6% 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
+15.6%
Franklin
+14.4%

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.
BedsFeb 2024Feb 2025Change YoY
1--
N/A
2$85K$130K
+52.9%
3$209.5K$246.5K
+17.7%
4$320.9K$351K
+9.3%
5$396.9K$392.9K
-1.0%

Summary: Franklin housing price by bedroom type for February 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 +52.9%. The home price for 3 bedroom homes increased by +17.7%. The home price for 4 bedroom homes increased by +9.3%. The home price for 5 bedroom homes decreased by -1.0%.

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 MonthFeb 2025
1092 months agoJan 2025
+2.8 %
Change MoMJan – Feb

Summary: The Franklin real estate market had 112 homes for sale in Feb 2025, a 2.8 % increase compared to Jan 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.
BedsJan 2025Feb 2025Change MoM
100
0.0%
288
0.0%
35857
-1.7%
43033
+10.0%
51314
+7.7%

Summary: Franklin housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -1.7%. The inventory for 4 bedroom homes increased by +10.0%. The inventory for 5 bedroom homes increased by +7.7%.

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 Days5 Homes

30 – 90 Days1 Home

Over 90 Days3 Homes

Insight

Many homes in Franklin are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 9 homes were sold in Franklin; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% 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 YearFeb 2025
149 Days1 year agoFeb 2024
-30.9 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Franklin had an average listing age of 103 days in Feb 2025, down by 30.9% 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

MLS Disclaimers and Copyright

Based on information from Real Estate Information Network, for the period 03/01/2023 - 03/01/2025

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Some properties which appear for sale on this website have subsequently sold or may no longer be available. REIN updates its listings on a daily basis.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 4:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.