The South Franklin housing market is very competitive. The median sale price of a home in South Franklin was $295K last month, up 2.8% since last year. The median sale price per square foot in South Franklin is $147, down 9.54% since last year.
What is the housing market like in South Franklin today?
In August 2024, South Franklin home prices were up 2.8% compared to last year, selling for a median price of $295K. On average, homes in South Franklin sell after 5 days on the market compared to 5 days last year. There were 7 homes sold in August this year, up from 2 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$295,000
+2.8% YoY | Aug 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Aug 2024
Growth
% YoY
South Franklin, VA
$295,000
+2.8%
United States
To compare other locations to the South Franklin and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Christiansburg add value to a home.
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How hot is the South Franklin housing market?
South Franklin is very competitive. Homes sell in 5 days.
0
100
79
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 1% above list price and go pending in around 5 days.
Hot homes
can sell for about 3% above 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)
100.3%
-5.7 pt YoY | Aug 2024
Based on Redfin calculations of home data from MLS and/or public records.
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 South Franklin housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in South Franklin.
Flood Factor - Minor
11% of properties are at risk of severe flooding over the next 30 years
Flood Factor
South Franklin has a minor risk of flooding. 70 properties in South Franklin are likely to be
severely affected
by flooding over the next 30 years. This represents 11% of all properties in South Franklin. Flood risk is increasing slower than the national average.
99% of properties are at risk of wildfire over the next 30 years
Fire Factor
South Franklin has a moderate risk of wildfire. There are 654 properties in South Franklin that have some risk of being affected by wildfire over the next 30 years. This represents 99% of all properties in South Franklin.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
South Franklin has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. South Franklin is most at risk from hurricanes. 655 properties in South 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 50 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 59 mph.