Franklin County, VA Home Values & Market Trends
The median home price in Franklin County, VA is $343,659.63. There were 1,060 home sales in Franklin County, VA over the past 12 months. The median residential Franklin County, VA home value for transactions over the previous year is $250,000. The number of current listings in Franklin County, VA is 84, and the percentage of properties for sale is 84.00%. The county has 12 foreclosures, 6 bank owned properties, 6 headed for auction, and 84 properties for sale.
Franklin County, VA Real Estate Market Overview
City | Median Est. Value | City | Median Est. Value |
---|---|---|---|
Franklin | $ 273,279 $ 142/sqft | Union Hall | $ 930,117 $ 287/sqft |
Rocky Mount | $ 209,900 $ 147/sqft | Penhook | $ 1,199,000 $ 344/sqft |
Hardy | $ 474,900 $ 202/sqft | Ferrum | $ 176,212 $ 108/sqft |
Glade Hill | $ 373,196 $ 153/sqft | Callaway | $ -- $ -- |
Wirtz | $ 385,042 $ 256/sqft | Henry | $ -- $ -- |
Boones Mill | $ 362,450 $ 179/sqft |
Housing Market Summary for Franklin County, VA
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $489.9K | $359.8K | -26.56% |
Median Sold Price | $0 | $359.8K | - |
Homes For Sale | 77 | 81 | 5.19% |
Homes Sold | 0 | 558 | - |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Franklin County, VA
Browse Homes in Franklin County, VA
Franklin County, VA home values range from $19,936 to $9,125,052. Union Hall is the priciest city with a median listing home price of $1,005,000, and Rocky Mount is most affordable with average house prices of around $180,000.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Franklin County, VA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 11 cities within Franklin County, VA; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Franklin County, VA ranges from the highest value of $396,381 in Penhook to the lowest value of $127,694 in Franklin. Bank owned homes and properties account for 0.02% of properties in Franklin County, VA. There are 11 cities within Franklin County, VA; Franklin containing 6 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsFranklin has 9 auction properties, the highest number of properties going to auction in a single city in the state of Franklin County, VA. Auction homes and other auction properties account for 0.02% of all properties in Franklin County, VA. There are 11 cities within Franklin County, VA; of those cities, the median estimated home value for homes going to auction ranges from $252,750 in Callaway to the lowest value of $57,482 in Callaway.
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More Real Estate Resources for Franklin County, VA
Guide for Franklin County, VA
Columbus, Ohio, hosts a steadily growing and robust real estate market, characterized by increasing property values, a consistent number of sales, and diverse neighborhood options.
The Chesapeake real estate market has seen steady growth in property values, increasing by 7% over 11 months.
The property market in Virginia Beach, VA, has generally seen an increase in property values, per square foot values, and sold prices from 2022 to 2023. Factors such as economic growth and societal changes may contribute to this upward trend.
Virginia Foreclosure Laws