Brokers — List your Company Here
Featured local agent — Franklin, VA
Sarah Mitchell
Compass Real Estate · Franklin, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Franklin, VA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$240,000median sale price
How is the Franklin, VA housing market right now?
The median home sale price in Franklin, VA is $240,000, up 29.6% year-over-year. Homes sell in an average of 49 days with 41 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 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, VA is currently a balanced market, based on 4.6 months of supply and homes selling in about 49 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
49
Average pace
Active listings
41
4.6 months supply
Sale-to-list
96.6%
Below asking
What does the Franklin housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $240,000 |
| Median list price | $289,900 |
| Year-over-year price change | +29.6% |
| Average days on market | 49 days |
| Active inventory | 41 listings |
| Months of supply | 4.6 months |
| Sale-to-list price ratio | 96.6% |
| Median price per sq ft | $156/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 19 |
| Listings with a price cut | 46.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Franklin by property type?
How the Franklin, VA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $240,000 | $148/sq ft | 7 | 36 days |
| Condo / Co-op | $224,990 | $156/sq ft | 1 | 224 days |
| Townhouse | $231,020 | $160/sq ft | 1 | 241 days |
Source: Redfin · Updated monthly
The Franklin housing market is currently classified as a balanced market with a median sale price of $240,000. Prices have risen 29.6% compared to last year, with homes spending an average of 49 days on market, indicating 4.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.9x provides context for how home values compare to local earning capacity.
Homes for sale in Franklin
There are currently 41 homes listed for sale in Franklin, Virginia. The median listing price is $290K.
Active listings
41
Homes on market
Median list price
$290K
Avg. days on market
49
Days until sale
New this week
19
Newly listed
Who lives in Franklin?
Population
8,212
Median income
$65,125/yr
Median age
40.5 years
Owner-occupied
53.4%
College grads
26.4%
Avg commute
20.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Franklin?
Zillow home value
$252,009
Price-to-income
3.9x
Source: Zillow Research
What is it like to live in Franklin?
Franklin is a community of approximately 8K residents with a median age of 40.5 years.The median household income is $65,125, which represents a working-class community with solid middle-income opportunities. 26.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 53.4%, showing a blend of owner and renter-occupied properties. The average commute time is 20.7 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?
4 schools tracked · 1,015 students
The largest public schools serving Franklin, VA 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.
S.P. Morton Elementary
Grades PK-5 · 485 students
Franklin High
Grades 8-12 · 375 students
Joseph P. King Jr. Middle
Grades 6-7 · 155 students
Fresh Start Center
Grade range n/a
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, VA?
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 $240,000, up 29.6% from last year.
How long do homes stay on market in Franklin?
Homes typically spend 49 days on market before going under contract.
What is the median income in Franklin?
The median household income is $65,125 per year.
Is Franklin a buyer's or seller's market?
With 4.6 months of supply, Franklin is currently a balanced market.
What is the Zillow home value estimate for Franklin?
The Zillow Home Value Index (ZHVI) for Franklin is $252,009, representing the typical home value in the area.
What is the median condo price in Franklin?
The median condo/co-op sale price in Franklin, VA is $224,990, compared to $240,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Franklin?
The median single-family home price in Franklin, VA is $240,000 (about $148 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Franklin, VA
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Franklin market alerts
Weekly updates on prices, inventory, and trends. Free forever.