Is Franklin County, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Franklin County has remained a Seller's Market.
Housing Prices in Franklin County, MA
How much do homes in Franklin County, MA cost?
Median Sold Price
$325,021
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Franklin County was $325,021 in April 2024, up 10.1% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $208.6K | $247.5K | +18.6% |
2 Bedrooms | $264.5K | $280K | +5.9% |
3 Bedrooms | $300K | $335K | +11.7% |
4 Bedrooms | $335K | $373.1K | +11.4% |
5+ Bedrooms | $335.9K | $330K | -1.8% |
Summary: Franklin County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.6%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Counties
Franklin County | $295.1K | $325K | +10.1% |
Worcester County | $418.9K | $450.2K | +7.5% |
Hampshire County | $381.7K | $400K | +4.8% |
Housing Supply in Franklin County, MA
How many homes are available in Franklin County, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
145 | 153 | +5.5% |
Summary: The Franklin County real estate market had 153 homes for sale in April 2024, a 5.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 32 | 41 | +28.1% |
3 Bedrooms | 55 | 55 | 0.0% |
4 Bedrooms | 30 | 35 | +16.7% |
5+ Bedrooms | 22 | 16 | -27.3% |
Summary: The Franklin County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 40 | +11.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Franklin County in April 2024, up by 11.1% month-over-month. Of the 40 sold homes, 38% were sold under asking, 8% were sold at asking, and 55% were sold over asking.
Days on Market for Franklin County, MA
How long does it take to sell a home in Franklin County, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 39 Days | -22.6% |
Summary: Homes in Franklin County had an average of 39 days on market in Apr 2024, down by 22.6% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 40 homes were sold in Franklin County; 57% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.