Franklin, VA Home Values & Market Trends
Real estate market trends reflect that there have been 190 transactions over the past year in Franklin. The median value for residential home transactions that occurred over the previous year is $230,979.7. The number of current listings in Franklin is 24, and the percentage of properties for sale in the city is 24.00%. Franklin, VA currently has 8 properties in foreclosure, 5 bank owned properties, 3 properties headed for auction, and 24 properties for sale.
Franklin, VA Real Estate Market Overview
Zip | Median Est. Value |
---|---|
23851 | $ 248,500 $ 148/sqft |
Housing Market Summary for Franklin, VA
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $206K | $243K | 17.98% |
Median Sold Price | $250K | $243K | -2.78% |
Homes For Sale | 27 | 24 | -11.11% |
Homes Sold | 95 | 100 | 5.26% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Franklin, VA
Browse Homes in Franklin, VA
Franklin home values range from $21,685 to $6,493,363. The median estimated value of a home in Franklin is $230,979.7. The median list price of a home is 243,900, and the total count of properties in the city is 5,032.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Franklin, VA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Franklin, VA; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Franklin, VA ranges from the highest value of $396,381 in 23851 to the lowest value of $127,694 in 23851. Bank owned homes and properties account for 0.10% of properties in Franklin, VA. There is 1 zips within Franklin, VA; 23851 containing 5 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions23851 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Franklin, VA. Auction homes and other auction properties account for 0.06% of all properties in Franklin, VA. There is 1 zips within Franklin, VA; of that zips, the median estimated home value for homes going to auction ranges from $215,049 in 23851 to the lowest value of $67,486 in 23851.
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More Real Estate Resources for Franklin, VA
Guide for Franklin, VA
The property market in Virginia Beach, VA, has generally seen an increase in property values, per square foot values, and sold prices from 2022 to 2023. Factors such as economic growth and societal changes may contribute to this upward trend.
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