Real Estate & Homes for Sale Franklin MA

Franklin, MA’s real estate market has been demonstrating steady growth and strong demand. As of May 2024, the median home price in Franklin stands at $710,000, marking a notable 12.8% increase compared to the previous year. The market remains competitive, with homes typically receiving multiple offers and selling at or above list price. On average, properties in Franklin are selling within 18 days on the market, slightly up from 14 days in the prior year. Hot properties in the area often go pending within 7 days, particularly in sought-after neighborhoods.

Key factors for buyers to consider include:

  • Inventory: As of May 2024, Franklin has 54 active listings, reflecting an 11% increase from the previous month. While this offers more options, the market remains tight.
  • Price variations by home type: Larger homes (4+ bedrooms) have seen a more moderate price increase, offering potential value opportunities for families seeking more space.
  • Bidding wars: Over 60% of homes sold above asking price in recent months, emphasizing the need for competitive offers.
  • Seasonal trends: Spring and summer remain peak times for buying and selling, with more listings and higher buyer activity during these months.
  • Lifestyle and schools: Franklin’s excellent schools, community-oriented environment, and commuter rail access to Boston make it highly desirable for families and professionals.

For those interested in Franklin’s dynamic real estate market, partnering with an experienced local agent like Kiran Kumar Gundavarapu ensures expert guidance through the competitive landscape. Strategic planning, quick decision-making, and proper financial preparation are crucial to securing a home in Franklin’s thriving market.

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Franklin, MA’s real estate market continues to demonstrate robust growth and strong demand. As of May 2024, the median home price in Franklin stands at $710,000, reflecting a notable 12.8% increase compared to the previous year. The market remains competitive, with homes typically receiving multiple offers and selling at or above list price. On average, homes for sale in Franklin MA are selling within 18 days on the market, slightly up from 14 days in the prior year. Hot properties, especially in sought-after neighborhoods, often go pending within 7 days.

Benefit of Buying a House/Condo in Franklin

Franklin offers a unique blend of suburban charm and urban convenience, making it an ideal location for homebuyers. The town boasts top-rated schools, a vibrant community atmosphere, and easy access to Boston via the commuter rail. Homes for sale Franklin provide diverse options, from spacious single-family houses to modern condos, catering to families, professionals, and retirees alike. Buying a property in Franklin ensures a high-quality lifestyle, excellent property value appreciation, and proximity to parks, shopping centers, and cultural landmarks.

Benefits for Investors

Investors seeking opportunities in Franklin, MA, will find a thriving market with substantial potential for returns. With the median home price rising steadily, houses for sale in Franklin MA present excellent opportunities for both long-term appreciation and rental income. The town’s popularity among families and professionals ensures a steady demand for rental properties. Additionally, the low inventory levels mean homes for sale Franklin are often sold quickly, making it a lucrative market for flipping or buy-and-hold strategies.

Best Real Estate Agents in Franklin

Navigating Franklin’s competitive real estate market requires expertise and local knowledge. Franklin MA real estate agents, like the team at Key Prime Realty, provide invaluable insights into market trends, pricing strategies, and neighborhood dynamics. As seasoned professionals, we prioritize your goals, whether you’re a first-time buyer, seasoned investor, or looking to sell your property. Our personalized approach ensures a seamless and successful real estate experience.

Franklin MA Real Estate Market Report

Best Real Estate Agents in Franklin MA

At Key Prime Realty, we specialize in delivering tailored real estate solutions in Franklin, MA. Whether you’re searching for homes for sale Franklin MA or exploring investment opportunities, our expertise ensures exceptional results. With a proven track record, deep local knowledge, and a client-first approach, we’re committed to helping you achieve your real estate goals. Choose Key Prime Realty for trusted advice, personalized service, and unmatched dedication in Franklin’s dynamic market.

Partnering with Kiran Kumar Gundavarapu and the Key Prime Realty team guarantees a seamless and rewarding journey through Franklin’s thriving real estate market.

Let us help you find the perfect house for sale in Franklin, MA, or maximize the value of your investment property. Contact us today to get started!

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30 Eastbrook Rd, Dedham, MA 02026, USA.

FAQ Section

How competitive is the real estate market in Franklin, MA?

Franklin’s market is highly competitive, with over 60% of homes selling above the asking price. Quick decision-making and strong offers are essential.

Franklin’s market is highly competitive, with over 60% of homes selling above the asking price. Quick decision-making and strong offers are essential.

Franklin offers a variety of options, including single-family homes, condos, and townhouses. Homes for sale in Franklin MA cater to diverse preferences and budgets.

What are the benefits of working with a Franklin MA real estate agent?

Local agents provide expert guidance, access to exclusive listings, and strategic advice for navigating bidding wars and market trends.

When is the best time to buy a home in Franklin?

Spring and summer are peak buying seasons, offering more inventory but also heightened competition. Winter months may provide opportunities for less competitive purchases.

What should I know about Franklin’s school system?

Franklin is renowned for its excellent schools, making it a popular choice for families.

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