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

CityMedian Est. ValueCityMedian 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 2023February 2024Change
Median Listing Price$489.9K$359.8K-26.56%
Median Sold Price$0$359.8K-
Homes For Sale77815.19%
Homes Sold0558-
Price
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Homes For Sale
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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%.

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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.

Foreclosure
There are 11 cities within Franklin County, VA; within these cities, the median estimated home value for homes in foreclosure ranges from $335,061 in Franklin to the lowest value of $57,482 in Franklin. Foreclosure homes account for 0.00% of properties in Franklin County, VA with Franklin containing 15 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-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 Owned
    The 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.
  • Auctions
    Franklin 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.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.34% of residential properties in Franklin County, VA with Franklin containing 23 homes for sale, the highest number of listed properties in a single city. There are 11 cities within Franklin County, VA; homes for sale in those cities, have a range of median values from $1,950,000 in Union Hall to the lowest value of $34,843 in Hardy.
    Sold Homes
    The median value for recently sold homes ranges from $799,900 in Callaway to the lowest price of $10,250 in Callaway. There are 11 cities within Franklin County, VA. Rocky Mount has 139 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.17% of properties in Franklin County, VA.

      Compare Nearby Cities

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      Guide for Franklin County, VA

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      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.

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      Virginia Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2015

      Virginia Foreclosure Laws