Franconia, VA Housing Market
The Franconia housing market is most competitive. The median sale price of a home in Franconia was $607K last month, up 11.3% since last year. The median sale price per square foot in Franconia is $350, up 5.9% since last year.
Franconia Housing Market Trends
In April 2024, Franconia home prices were up 11.3% compared to last year, selling for a median price of $607K. On average, homes in Franconia sell after 5 days on the market compared to 15 days last year. There were 22 homes sold in April this year, down from 26 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Franconia housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 4% above list price and go pending in around 5 days.
- Hot homescan sell for about 7% above list price and go pending in around 3 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 4% above list price and go pending in around 5 days.
- Hot homescan sell for about 9% above list price and go pending in around 3 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 3% above list price and go pending in around 6 days.
- Hot homescan sell for about 6% above list price and go pending in around 4 days.
Franconia Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Franconia from outside metros.
- New York homebuyers searched to move into Franconia more than any other metro followed by Hartford and Atlanta.
- 82% of Franconia homebuyers searched to stay within the Franconia metropolitan area.
- Salisbury was the most popular destination among Franconia homebuyers followed by Virginia Beach and Miami.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 3,393 | ||
2 | 1,561 | ||
3 | 642 | ||
4 | 348 | ||
5 | 314 | ||
6 | 19 | ||
7 | 12 | ||
8 | 12 | ||
9 | 10 | ||
10 | 9 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 4,468 | ||
2 | 2,447 | ||
3 | 1,942 | ||
4 | 1,579 | ||
5 | 1,486 | ||
6 | 1,371 | ||
7 | 1,288 | ||
8 | 1,272 | ||
9 | 947 | ||
10 | 832 |
Home offer insights for Franconia
Recent offers
- Offer Not Accepted|10 Weeks Ago~$450K OfferSold for $475K3 bd | 3 ba | ~1,250 sqftOver List Price3%Days on Market4Competing Offers6OfferAll Cash
- Offer Not Accepted|11 Weeks Ago~$600K OfferSold for $650K3 bd | 2.5 ba | ~1,500 sqftOver List Price6%Days on Market6Competing Offers15OfferAll Cash
View houses in Franconia that sold recently
Recently sold homes
- $806,000 Last Sold Price5 beds3.5 baths2,794 sq ft6123 Franconia Station Ln, Alexandria, VA 22310(703) 378-8810List Price$749,000Sale to List8% over listDays on Market63 days6123 Franconia Station Ln, Alexandria, VA 22310
- $377,600 Last Sold Price2 beds1 bath1,122 sq ft5904-B Terrapin Pl Unit 5904-102, Alexandria, VA 22310(703) 858-9108List Price$365,000Sale to List3% over listDays on Market28 days5904-B Terrapin Pl Unit 5904-102, Alexandria, VA 22310
- $605,000 Last Sold Price3 beds3 baths2,214 sq ft5905 Ambassador Way, Alexandria, VA 22310(866) 825-7169List Price$575,000Sale to List5% over listDays on Market34 days5905 Ambassador Way, Alexandria, VA 22310
- $705,000 Last Sold Price5 beds4.5 baths2,806 sq ft6540 Windham Ave, Alexandria, VA 22315(571) 386-1075List Price$650,000Sale to List8% over listDays on Market25 days6540 Windham Ave, Alexandria, VA 22315
- $655,000 Last Sold Price3 beds3.5 baths1,596 sq ft7518 Lamoyne Ct, Alexandria, VA 22315(703) 636-7300List Price$649,900Sale to List1% over listDays on Market32 days7518 Lamoyne Ct, Alexandria, VA 22315
- $580,000 Last Sold Price3 beds3 baths1,512 sq ft6032 Knights Ridge Way, Alexandria, VA 22310(301) 257-9394List Price$580,000Sale to List0% over listDays on Market38 days6032 Knights Ridge Way, Alexandria, VA 22310
- $450,000 Last Sold Price2 beds2.5 baths1,294 sq ft6007 Terrapin Pl #6007, Alexandria, VA 22310(202) 243-7700List Price$450,000Sale to List0% over listDays on Market43 days6007 Terrapin Pl #6007, Alexandria, VA 22310
- $652,500 Last Sold Price3 beds3.5 baths2,622 sq ft6034 Crocus Ct, Alexandria, VA 22310(703) 562-1800List Price$624,900Sale to List4% over listDays on Market21 days6034 Crocus Ct, Alexandria, VA 22310
See all recently sold homes in Franconia.
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Schools in Franconia
- Elementary
- Middle
- High
GreatSchools Rating
7/10 Hayfield Elementary School Public • PreK-6 | 685 Students | 24 reviews |
7/10 Springfield Estates Elementary School Public • PreK-6 | 652 Students | 8 reviews |
6/10 Island Creek Elementary School Public • PreK-6 | 712 Students | 16 reviews |
5/10 Lane Elementary School Public • PreK-6 | 721 Students | 66 reviews |
5/10 Franconia Elementary School Public • PreK-6 | 558 Students | 22 reviews |
Climate's impact on Franconia housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Franconia.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Moderate
Wind Factor
Wind likelihood over time
Heat Factor - Severe
Heat Factor
Transportation in Franconia
Walk Score®
Transit Score®
Bike Score®
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