How does the housing market look in Franklin Farm? Take a look at up-to-date home sale trends like the latest home sale prices, new listings, and more.
Market Insights
Franklin Farm Virginia
Median Sale Price
$910,000
11.7%
New Listings
12
62.5%
Number of Homes Sold
9
52.6%
Median Days on Market
19
375.0%
Market Overview
All Home Types
In the last 30 days, homes for sale in Franklin Farm, VA sold for a median price of $910,000, up 11.7% compared to the same period last year. The median price per square foot was $278.99, down 14.2% year-over-year. There were 9 homes sold, down from 19 last year.
Median
lightbulbWhat does this mean?
The median sale price helps you understand how much you should expect to spend on a home in a market. The higher the median price of the homes, the more expensive the market is overall. The rate at which home prices change is an indicator of whether homes are becoming more or less affordable in that market. Learn more about buying a home.
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Get StartedHousing Supply
All Home Types
Yesterday, the total number of homes for sale in Franklin Farm, VA was 23, down 32.4% compared to last year. In the last 30 days, 12 new homes were listed for sale, down 62.5% year-over-year. The median days on market was 19, up from 4 days last year. The months of supply was 0.44, up from 0.37 months last year.
lightbulbWhat does this mean?
The number of homes that are available for sale in a market tells you how much choice you have. The rate at which this number changes indicates whether the number of options are increasing or decreasing for buyers. Learn more about buying in a hot market.
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Your dream home is waiting for you.
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Start QuizHousing Demand
All Home Types
In the last 30 days, homes in Franklin Farm, VA had a median sale-to-list-price ratio of 104.29%, down 3.9 pt compared to the same period last year. 55.56% of homes sold above list price, down 18.1 pt year-over-year. 0% of homes listed dropped in price, same as last year.
Median
lightbulbWhat does this mean?
Sale-to-list price tells you how much you may have to pay over the asking price to buy the home you want. When this number is above 100%, you may need to pay more than the asking price for the home you want.
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Cash offers are 4x more likely to be accepted.
Orchard helps you make a stronger, cash-backed offer.
Get StartedHomes For Sale In Franklin Farm
Coldwell Banker Realty • MLS VAFX2118144 • Status: Coming Soon
Long & Foster Real Estate, Inc. • MLS VAFX2116350 • Status: Active
Middleburg Real Estate • MLS VAFX2115794 • Status: Coming Soon
Long & Foster Real Estate, Inc. • MLS VAFX2113152 • Status: Active