The Downtown Franklin housing market is very competitive. The median sale price of a home in Downtown Franklin was $458K last month, up 18.4% since last year. The median sale price per square foot in Downtown Franklin is $300, up 0.3% since last year.
What is the housing market like in Downtown Franklin today?
In March 2024, Downtown Franklin home prices were up 18.4% compared to last year, selling for a median price of $458K. On average, homes in Downtown Franklin sell after 16 days on the market compared to 17 days last year. There were 10 homes sold in March this year, up from 6 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$457,500
+18.4% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Downtown Franklin, MA
$457,500
+18.4%
United States
To compare other locations to the Downtown Franklin and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Franklin add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Downtown Franklin housing market?
Downtown Franklin is very competitive. Homes sell in 18 days.
0
100
87
Very Competitive
Redfin Compete Score™
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 9 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 18 days.
Hot homes
can sell for about 7% above list price and go pending in around 7 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
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
NR
Davis Thayer Elementary School
Public • K-5
244
Students
8 reviews
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Downtown Franklin housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Franklin.
Risk Factor
Flood Factor - Moderate
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Franklin has a moderate risk of flooding. 181 properties in Downtown Franklin are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Downtown Franklin. Flood risk is increasing slower than the national average.
59% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Franklin has a moderate risk of wildfire. There are 1,124 properties in Downtown Franklin that have some risk of being affected by wildfire over the next 30 years. This represents 59% of all properties in Downtown Franklin.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Downtown Franklin has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Franklin is most at risk from hurricanes. 1,895 properties in Downtown Franklin have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 92 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 100 mph.
71% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Downtown Franklin has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 71% of homes in Downtown Franklin have a Moderate Heat Factor®.
Downtown Franklin is expected to see a 128% increase in the number of days over 97ºF over the next 30 years. Downtown Franklin is expected to experience 8