Woods Hill · Photo: Kingrichard4867 · CC BY-SA 3.0170 homes sold in Franklin in the last year, at a typical $253K
About one sale in 4 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Franklin homes are listed.
Every place Franklin homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Franklin.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
A quarter of Franklin’s sales are condos, at $35K less than a house
121 houses and 41 condos sold in the year to May 2026. Condos draw more bidding wars.
typical sale · 121 sold in 12 months
- Per square foot
- $146VA $222
- Days to sell
- 59
- Sold over asking
- 29%
- Listings with a price cut
- 26%
typical sale · 41 sold in 12 months
- Per square foot
- $164VA $301
- Days to sell
- 58
- Sold over asking
- 39%
- Listings with a price cut
- 19%
Multi-family (2–4 units): 3 sold, typical $79K
Townhouses: 5 sold, typical $234K
Too few sales in 12 months for reliable figures.
More homes sell than most years, at 2.2 times the 2016 price
170 sales in the last year, against 178 in 2025 and a low of 70 in 2014. The typical sale went from $116K in 2016 to $253K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $250K buys in Franklin
Check a listing against what Franklin homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Franklin are more common than before the pandemic, and more homes are for sale
We read every month of Franklin’s home sales since 2014 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 170 sales.
If you’re buying in Franklin
- Shop in March. It brings about 14 new listings a month, close to the busiest month, with fewer bidding wars (21% over asking).
- You can negotiate. 25% of listings have cut their price, against 18% before the pandemic.
- Bid near asking. Buyers paid 98.2% of the list price on average; 31% paid over.
- You’ll usually have time. Only 27% of homes go under contract within two weeks; the typical one takes 60 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 14 a month), but August is the most competitive: 35% of August sales close over asking. March offers nearly as much choice with fewer homes bid up (21%). January has the least competition (20%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Virginia as a whole
| Franklin now | 2017–19 | 2021 peak | VA now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 31% | 15% | 43% | 31% |
| Gone within two weeksShare of homes under contract within 14 days | 27% | 10% | 52% | 43% |
| Listings with a price cutShare of homes for sale that cut their price | 25% | 18% | 14% | 25% |
| Price paid vs. askingAverage sale price ÷ list price | 98.2% | 95.7% | 99.5% | 99.3% |
| Days to sellMedian days from listing to contract | 60 | 83 | 36 | 38 |
49 homes for sale on a typical day
That’s 2.9 times the 2021 low (17), 20% more than in 2017–19 and well under 2014’s 64.
1 in 4 listings has cut its price
25% in the last year, against 18% in 2017–19 and 25% across Virginia. More sellers are pricing high and coming down.
Franklin ranks 111th of 179 busy Virginia markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Franklin is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2014 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Franklin home costs about $1,470 a month
Price: Franklin’s typical sale, last 12 months. Property tax at Franklin’s 0.7% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Franklin is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 9.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $253K home, about $1,790 a year.
Taxes vs. neighborsSchools
The schools grade for Franklin, from test results, graduation and how much students grow.
Schools in FranklinTypical commute
The average one-way trip to work for people who live in Franklin.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot; Windsor and Suffolk for far more
The busier markets within 25 miles of Franklin, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Suffolk | 1,829 | $400K | $201 | 32% | 55 |
| Franklin | 170 | $253K | $152 | 31% | 60 |
| Windsor | 37 | $387K | $198 | 27% | 35 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Franklin, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Franklin. People who follow the town see it, and so do people comparing Franklin with their own town. No commission, no listing fee.
Questions about buying a home in Franklin
What do homes sell for in Franklin, VA?
170 homes sold in the year to May 2026 at a typical $253K, $152 a square foot. Houses sold for about $272K, condos for about $236K.
Is Franklin a buyer’s or seller’s market?
A balanced market: 41 homes were for sale in May 2026 and 9 sold, about 4.6 months of supply. Buyers paid 98.2% of asking on average, and 25% of listings cut their price.
When is the best time to buy in Franklin?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Franklin?
About 0.7% of a home’s value a year. On a $253K home that’s near $1,790.
Where can I see homes for sale in Franklin?
Zillow, Redfin, Realtor.com and Homes.com all carry Franklin’s MLS listings; the search links above open each one filtered to Franklin.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).