Franklin, MA Housing Market
The Franklin housing market is most competitive. The median sale price of a home in Franklin was $505K last month, down 7.3% since last year. The median sale price per square foot in Franklin is $300, down 3.5% since last year.
Franklin Housing Market Trends
In March 2024, Franklin home prices were down 7.3% compared to last year, selling for a median price of $505K. On average, homes in Franklin sell after 17 days on the market compared to 15 days last year. There were 15 homes sold in March this year, up from 14 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Franklin 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 2% above list price and go pending in around 17 days.
- Hot homescan sell for about 6% above list price and go pending in around 11 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 6 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 21 days.
- Hot homescan sell for about 4% above list price and go pending in around 17 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 6 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 22 days.
- Hot homescan sell for about 5% above list price and go pending in around 14 days.
Franklin Migration & Relocation Trends
- Across the nation, 2% of homebuyers searched to move into Franklin from outside metros.
- New York homebuyers searched to move into Franklin more than any other metro followed by Hartford and San Francisco.
- 82% of Franklin homebuyers searched to stay within the Franklin metropolitan area.
- Portland was the most popular destination among Franklin homebuyers followed by Lebanon and Miami.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 2,367 | ||
2 | 1,280 | ||
3 | 400 | ||
4 | 312 | ||
5 | 131 | ||
6 | 108 | ||
7 | 105 | ||
8 | 28 | ||
9 | 17 | ||
10 | 8 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 3,041 | ||
2 | 1,853 | ||
3 | 1,807 | ||
4 | 1,019 | ||
5 | 995 | ||
6 | 895 | ||
7 | 753 | ||
8 | 664 | ||
9 | 394 | ||
10 | 347 |
Home offer insights for Franklin
Recent offers
- Offer Not Accepted|7 Weeks Ago~$1M OfferSold for $1.25M4 bd | 3.5 ba | ~3,500 sqftOver List Price0%Days on Market20Competing Offers4Down Payment~30%
- Offer Not Accepted|12 Weeks Ago~$550K OfferSold for $600K2 bd | 2.5 ba | ~2,000 sqftOver List Price0%Days on Market16Competing Offers5Down Payment~20%
- Offer Not Accepted|12 Weeks Ago~$275K OfferSold for $300K2 bd | 1 ba | ~1,000 sqftOver List Price1%Days on Market5Competing Offers6Down Payment—
View houses in Franklin that sold recently
Recently sold homes
- $295,000 Last Sold Price2 beds1 bath890 sq ft27 Worsted St Unit 1B, Franklin, MA 02038List Price$250,000Sale to List18% over listDays on Market39 days27 Worsted St Unit 1B, Franklin, MA 02038
- $601,000 Last Sold Price3 beds2 baths1,464 sq ft18 Skyline Dr, Franklin, MA 02038List Price$569,900Sale to List5% over listDays on Market58 days18 Skyline Dr, Franklin, MA 02038
- $1,150,000 Last Sold Price4 beds3.5 baths3,881 sq ft41 Hancock Rd, Franklin, MA 02038List Price$1,000,000Sale to List15% over listDays on Market37 days41 Hancock Rd, Franklin, MA 02038
- $339,900 Last Sold Price2 beds1.5 baths844 sq ft252 Union St #252, Franklin, MA 02038List Price$339,900Sale to List0% over listDays on Market106 days252 Union St #252, Franklin, MA 02038
- $1,150,000 Last Sold Price4 beds3.5 baths3,614 sq ft49 Hancock Rd, Franklin, MA 02038List Price$1,100,000Sale to List5% over listDays on Market50 days49 Hancock Rd, Franklin, MA 02038
- $370,000 Last Sold Price2 beds1.5 baths989 sq ft51 Benjamin Landing Ln #51, Franklin, MA 02038List Price$359,900Sale to List3% over listDays on Market24 days51 Benjamin Landing Ln #51, Franklin, MA 02038
- $879,900 Last Sold Price5 beds3.5 baths2,987 sq ft22 Mary Ellen Ln, Franklin, MA 02038List Price$879,900Sale to List0% over listDays on Market61 days22 Mary Ellen Ln, Franklin, MA 02038
- $710,000 Last Sold Price4 beds1.5 baths1,500 sq ft191 Irondequoit Rd, Franklin, MA 02038List Price$650,000Sale to List9% over listDays on Market38 days191 Irondequoit Rd, Franklin, MA 02038
See all recently sold homes in Franklin.
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Schools in Franklin
- Elementary
- Middle
- High
GreatSchools Rating
9/10 J F Kennedy Memorial Public • K-5 | 365 Students | 3 reviews |
8/10 Oak Street Elementary School Public • K-5 | 369 Students | 9 reviews |
7/10 Gerald M. Parmenter Elementary School Public • K-5 | 339 Students | 8 reviews |
6/10 Helen Keller Elementary School Public • K-5 | 387 Students | 5 reviews |
6/10 Jefferson Elementary School Public • K-5 | 349 Students | 6 reviews |
Climate's impact on Franklin housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Franklin.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Major
Wind Factor
Wind likelihood over time
Heat Factor - Moderate
Heat Factor
Transportation in Franklin
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