$199K  
In this week's report, the number of homes sold in the Franklin market dropped to nine over the past 30 days, a decrease of 10.0% from last week's report, but still above the monthly average. Within the same time frame, Chesapeake had 385 sales, the most of all cities in the area. The median sales price dropped to $148,000, down from last week's $157,400. Franklin is a definite buyer's market, thanks to a big 10 months of inventory to choose from and a pullback in sales.
Comments:

$899K  
On top of a 28.6% jump in sales over the last 30 days, the Franklin market extended a six-week hot streak with a total of nine homes sold in that span. Pricing in Franklin remains consistent from last week to this week, with the median sales price at $154,900 again. Even with the rising sales, with 10 months of inventory available, Franklin is a still definite buyer's market.
Comments:

$899K  
The Franklin market pulled back with a 12.5% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (5.8) with seven homes sold. On the other hand, close-by Chesapeake registered 408 homes sold in the same time frame, the most of all surrounding cities. Prices are falling in Franklin, and this period the median price of all sales fell from $164,450 to $154,900. With decreasing sales and the availability of 13 months of inventory, Franklin is a definite buyer's market.
Comments:

Franklin has a cost of living adjustment score of 99.9, which is average when compared to others in Virginia. Also, the area is considered less affluent than average with a median income of $40,674 per household. Franklin is made up of homes that are considered relatively old with a median of 38 years. Heading the list of top schools in the city is Moyock Elementary School.
Comments:

$183K  
The number of sellers reducing prices in the Franklin market trended up to seven over the last 30 days, extending a three-week streak. During the same period, six sales were completed. Pricing in Franklin remains consistent from last week to this week, with the median sales price at $161,950 again. Along with the slip in sales, a relatively high 16 months of inventory indicates that Franklin is a definite buyer's market.
Comments:

$514K  
The Franklin market has established a new upward trend, even as sales remained the same this week at eight homes over the last 30 days. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. The median sales price jumped to $161,950 over the latest reporting period for Franklin, up from $66,000. Franklin is a strong buyer's market, due to a big 12 months of inventory left and aided by the flat sales.
Comments:

$499K  
The Franklin market pulled back with an 11.1% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (5.6) with eight homes sold. On the other hand, close-by Chesapeake registered 380 homes sold in the same time frame, the most of all surrounding cities. The median sales price tumbled to $66,000 over the latest reporting period for Franklin, down from $123,500. Franklin is a strong buyer's market, due to a big 12 months of inventory left and aided by the dip in sales.
Comments:

$400K  
With seven homes sold in the Franklin market over the last 30 days, we see no change from last week's numbers. However, fewer sellers came into the market in the same time frame, with 16 new listings for buyers to choose from. The median sales price in Franklin stayed put this week at $123,500. With no movement in sales and the availability of 13 months of inventory, Franklin is a strong buyer's market.
Comments:

$269K  
With an identifiable upward trend of new sellers listing homes, including 17 over the last 30 days, and sales that have risen to seven in that same time frame, the Franklin market will be getting more crowded. The median sales price climbed to $123,500 over the latest reporting period for Franklin, up from $107,750. Franklin is still a strong buyer's market, in spite of the uptick in sales, thanks to the availability of 13 months of remaining inventory.
Comments:

With 8,582 residents, Franklin is a larger than average city in Virginia. Also, with a 1.9% increase over the last 10 years, its population is growing faster than other parts of the state. Keep in mind, 45.0% of the homes in Franklin are owned, while 45.5% are rented. Heading the list of top schools in the city is Moyock Elementary School.
Comments:
Previous Page  1  2 3 4 5 6 7 Next Page

Ask a local expert about this area:
Hal Ward
Snapped 1 home in this area
Coldwell Banker Professional
Snapped 1 home in this area
Nuvia Rivera & Associates
Snapped 1 home in this area

©2017 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by Black Knight Financial Services. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.