Is Franklin County, VT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Franklin County was a Neutral Market.
Key Takeaway
Franklin County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Franklin County, VT
How much do homes in Franklin County, VT cost?
Median Sold Price
$350,000
$214/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Franklin County have sold for 40.6% more than they did a month ago.
Summary: The median home sold price in Franklin County was $350,000 in May 2024, up 40.6% from last month, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.5K | - | N/A |
| 2 Bedrooms | $303K | $243K | -19.8% |
| 3 Bedrooms | $369K | $415K | +12.5% |
| 4 Bedrooms | $247K | $436.7K | +76.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Franklin County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.8%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 76.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Lamoille County | $270K | $634.5K | +135.0% |
| Franklin County | $249K | $350K | +40.6% |
| Chittenden County | $487.5K | $510K | +4.6% |
| Orleans County | $445K | $274.7K | -38.3% |
Housing Supply in Franklin County, VT
How many homes are available in Franklin County, VT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 95 | 131 | +37.9% |
Summary: The Franklin County real estate market had 131 homes for sale in May 2024, a 37.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 19 | 27 | +42.1% |
| 3 Bedrooms | 53 | 73 | +37.7% |
| 4 Bedrooms | 15 | 19 | +26.7% |
| 5+ Bedrooms | 5 | 10 | +100.0% |
Summary: The Franklin County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 42.1%, 3 bedroom homes increased by 37.7%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 30 | +100.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franklin County, you could pay more than the asking price. 43.3% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in Franklin County in May 2024, up by 100.0% month-over-month. Of the 30 sold homes, 37% were sold under asking, 20% were sold at asking, and 43% were sold over asking.
Days on Market for Franklin County, VT
We’re sorry, we don't have information for this market at the moment
© Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.