The Franklin-Colonial housing market is very competitive. The median sale price of a home in Franklin-Colonial was $272K last month, down 14.7% since last year. The median sale price per square foot in Franklin-Colonial is $187, up 8.7% since last year.
What is the housing market like in Franklin-Colonial today?
In March 2024, Franklin-Colonial home prices were down 14.7% compared to last year, selling for a median price of $272K. On average, homes in Franklin-Colonial sell after 5 days on the market compared to 9 days last year. There were 14 homes sold in March this year, up from 11 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$272,450
-14.7% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Franklin-Colonial, VA
$272,450
-14.7%
United States
To compare other locations to the Franklin-Colonial and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Roanoke 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 Franklin-Colonial housing market?
Franklin-Colonial is very competitive. Homes sell in 7.5 days.
0
100
71
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% below list price and go pending in around 8 days.
Hot homes
can sell for around list price and go pending in around 3 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
98.4%
-2.9 pt YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Franklin-Colonial, VA
98.4%
-2.9 pt
United States
Home offer insights for Franklin-Colonial
Explore recent offers and recently sold homes in Franklin-Colonial
Recent offers
View houses in Franklin-Colonial that sold recently
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 Franklin-Colonial housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Franklin-Colonial.
Risk Factor
Flood Factor - Major
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Franklin-Colonial has a major risk of flooding. 150 properties in Franklin-Colonial are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in Franklin-Colonial. Flood risk is increasing slower than the national average.
60% of properties are at risk of wildfire over the next 30 years
Fire Factor
Franklin-Colonial has a moderate risk of wildfire. There are 680 properties in Franklin-Colonial that have some risk of being affected by wildfire over the next 30 years. This represents 60% of all properties in Franklin-Colonial.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Franklin-Colonial has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Franklin-Colonial is most at risk from hurricanes. 1,123 properties in Franklin-Colonial 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 49 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 56 mph.
93% of properties are at major
risk of heat over the next 30 years
Heat Factor
Franklin-Colonial has a major risk from heat. This is due to
"feels like" temperatures
increasing, and because 93% of homes in Franklin-Colonial have a Major Heat Factor®.
Franklin-Colonial is expected to see a 157% increase in the number of days over 100ºF over the next 30 years. Franklin-Colonial is expected to experience 6