The Franklin-Colonial housing market is very competitive. The median sale price of a home in Franklin-Colonial was $330K last month, up 7.7% since last year. The median sale price per square foot in Franklin-Colonial is $116, down 18.0% since last year.
What is the housing market like in Franklin-Colonial today?
In January 2025, Franklin-Colonial home prices were up 7.7% compared to last year, selling for a median price of $330K. On average, homes in Franklin-Colonial sell after 42 days on the market compared to 8 days last year. There were 9 homes sold in January this year, down from 12 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$329,950
+7.7% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Franklin-Colonial, VA
$329,950
+7.7%
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.
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How hot is the Franklin-Colonial housing market?
Franklin-Colonial is very competitive. Homes sell in 8 days.
0
100
74
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 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% below list price and go pending in around 8 days.
Hot homes
can sell for around list price and go pending in around 2 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
95.8%
-2.0 pt YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Franklin-Colonial, VA
95.8%
-2.0 pt
United States
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.
Flood Factor - Moderate
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Franklin-Colonial has a moderate risk of flooding. 149 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.
81% of properties are at risk of wildfire over the next 30 years
Fire Factor
Franklin-Colonial has a moderate risk of wildfire. There are 914 properties in Franklin-Colonial that have some risk of being affected by wildfire over the next 30 years. This represents 81% 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. 1,124 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