$125K  
The number of homes coming into the Franklin City market fell to 17 listings over the last 30 days, while sales remained right where they were as once again three homes were sold over the same period. Potential buyers should note that prices went up in Franklin City, with the median for this period rising from $32,000 to $147,000. Franklin City is a definite buyer's market, thanks to a big 30 months of inventory to choose from and the flat sales.
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$109K  
On top of a new downward trend in sellers reducing price, including four markdowns over the last 30 days, sales in the Franklin City market fell to three over the same stretch of time. As the number of sellers reducing prices trended down, prices also took a turn lower, with the median sales price falling to a three-month low at $32,000. With prices falling, the availability of 29 months of inventory means that Franklin City is a definite buyer's market.
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Franklin City is a small county in Virginia with a population of 8,582 residents, and it has a higher than average density compared to the rest of the state, with 1,045.8 people per square mile. Keep in mind, 45.0% of the homes in Franklin City are owned, while 45.5% are rented. The top school in the county is Franklin High School.
Comments:

$319K  
The Franklin City market saw sales remain flat this week with five homes sold over the last 30 days, while new listings rose to 10. The median sales price dropped to $147,000, down from last week's $150,000. Franklin City is a solid buyer's market, thanks to a big 16 months of inventory to choose from and the flat sales.
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$499K  
The Franklin City market showed gains in this week's report, as the number of home sales climbed 25.0%, pushing the total to five homes sold over the last 30 days. In comparison, nearby Chesapeake City had 290 sales in the same time frame, the most of all neighboring counties. The median sales price dropped to $150,000 over the latest reporting period for Franklin City, down from $175,000. Despite the uptick in sales, there are still 16 months of inventory left to work through, meaning Franklin City is still a definite buyer's market.
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$319K  
The Franklin City market saw sales remain flat this week with four homes sold over the last 30 days but new listings fell to 11. Prices are rising in Franklin City, and the median sales price this period increased from $84,950 to $175,000. Franklin City is a strong buyer's market, due to a big 20 months of inventory left and aided by the flat sales.
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$319K  
The Franklin City market broke below its 12-month average sales volume this week as sales tumbled 50.0% to hit three homes sold over the last 30 days. On the other hand, close-by Chesapeake City registered 262 home sales in the same period, the most of all surrounding counties. A months of inventory number of 26 reported this week continued a four-week downward trend. Along with the slip in sales, the higher-than-normal inventory indicates that Franklin City is a definite buyer's market.
Comments:

$949K  
The number of price cuts in the Franklin City market climbed to 17 over the last 30 days, furthering an established positive trend. Despite drops in list prices, sales also decreased to six homes sold. The median sales price climbed to $94,200 over the latest reporting period for Franklin City, up from $84,900. Franklin City is a strong buyer's market, thanks to a big 13 months of inventory to choose from and a pullback in sales.
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$204K  
The population of Franklin City is less affluent than average compared to others in Virginia with a median income of $40,767 per household. It's also considered an average county in terms of affordability with a cost of living adjustment score of 99.9. Franklin City is made up of homes that are considered relatively old with a median of 38 years. Heading the list of top schools in the county is Franklin High School.
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$259K  
More sellers put their homes up for sale in the Franklin City market over the last 30 days and the number of new listings climbed this week to 16. Home sales remained unchanged from the prior period and once again seven homes were sold. The median sales price remained unchanged over the latest reporting period for Franklin City, coming in at $84,900. Franklin City is a definite buyer's market, thanks to a big 11 months of inventory to choose from and the flat sales.
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