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Featured local agent — Franklin, NY
Sarah Mitchell
Compass Real Estate · Franklin, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Franklin, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$215,000median sale price
How is the Franklin, NY housing market right now?
The median home sale price in Franklin, NY is $215,000, down 61.6% year-over-year. Homes sell in an average of 117 days with 6 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of April 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Franklin a buyer's or seller's market?
Franklin, NY is currently a buyer's market, based on 6.0 months of supply and homes selling in about 117 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
117
Average pace
Active listings
6
6.0 months supply
Sale-to-list
86.4%
Below asking
What does the Franklin housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $215,000 |
| Median list price | $449,000 |
| Year-over-year price change | -61.6% |
| Average days on market | 117 days |
| Active inventory | 6 listings |
| Months of supply | 6.0 months |
| Sale-to-list price ratio | 86.4% |
| Median price per sq ft | $194/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 3 |
| Listings with a price cut | 33.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Franklin by property type?
How the Franklin, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $215,000 | $194/sq ft | 1 | 117 days |
Source: Redfin · Updated monthly
The Franklin housing market is currently classified as a buyer's market with a median sale price of $215,000. Prices have fallen 61.6% compared to last year, with homes spending an average of 117 days on market, indicating 6.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Homes for sale in Franklin
There are currently 6 homes listed for sale in Franklin, New York. The median listing price is $449K.
Active listings
6
Homes on market
Median list price
$449K
Avg. days on market
117
Days until sale
New this week
3
Newly listed
Who lives in Franklin?
Population
413
Median income
$80,000/yr
Median age
43.7 years
Owner-occupied
62.0%
College grads
36.8%
Avg commute
27.2 min
Source: U.S. Census Bureau ACS
What is it like to live in Franklin?
Franklin is a community of approximately 0K residents with a median age of 43.7 years.The median household income is $80,000, which reflects a relatively affluent area with strong earning potential. 36.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 62.0%, showing a blend of owner and renter-occupied properties. The average commute time is 27.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Franklin offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Franklin?
1 schools tracked · 196 students
The largest public schools serving Franklin, NY by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
FRANKLIN CENTRAL SCHOOL
Grades PK-12 · 196 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Franklin, NY?
Want a head-to-head view? Compare Franklin side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Franklin?
The median home sale price in Franklin is $215,000, down 61.6% from last year.
How long do homes stay on market in Franklin?
Homes typically spend 117 days on market before going under contract.
What is the median income in Franklin?
The median household income is $80,000 per year.
Is Franklin a buyer's or seller's market?
With 6.0 months of supply, Franklin is currently a buyer's market.
How much does a single-family home cost in Franklin?
The median single-family home price in Franklin, NY is $215,000 (about $194 per square foot).
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