FRANKLIN COUNTY HOUSING MARKET DATA

There was an increase in total units sold in June, with 70 sold this month in Franklin County Real Estate versus 69 last month, an increase of 1%. This month's total units sold was higher than at this time last year, an increase of 35% versus June 2024.

Versus last year, the total number of homes available this month is higher by 54 units or 38%. The total number of active inventory this June was 197 compared to 143 in June 2024. This month's total of 197 is lower than the previous month's total supply of available inventory of 204, a decrease of 3%.

Last June, the median sale price for Franklin County Homes was $387,500. This June, the median sale price was $448,148, an increase of 16% or $60,648 compared to last year. The current median sold price is 17% higher than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In June, there was 2.8 months of supply available in Franklin County. The amount of supply is similar compared to a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 88 homes newly listed for sale in Franklin County compared to 72 in June 2024, an increase of 22%. There were 71 current contracts pending sale this June compared to 58 a year ago. The number of current contracts is 22% higher than last June.

In June, the average sale price in Franklin County was 96.0% of the average list price, which is 0.9% lower than at this time last year.

This month, the average number of days on market was 38, lower than the average last year, which was 47, a decrease of 19%.





FOCUS ON: FRANKLIN COUNTY HOUSING MARKET			JUNE 2025

Units Sold 70	Active Inventory 197	Median Sale Price $448,148	Days On Market 38

Up 35% Vs. Year Ago	Up 38% Vs. Year Ago	Up 16% Vs. Year Ago	Down -19% Vs. Year Ago


		Units Sold There was an increase in total units sold in June, with 70 sold this month in Franklin County Real Estate versus 69 last month, an increase of 1%. This month's total units sold was higher than at this time last year, an increase of 35% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 54 units or 38%. The total number of active inventory this June was 197 compared to 143 in June 2024. This month's total of 197 is lower than the previous month's total supply of available inventory of 204, a decrease of 3%.
		Median Sale Price Last June, the median sale price for Franklin County Homes was $387,500. This June, the median sale price was $448,148, an increase of 16% or $60,648 compared to last year. The current median sold price is 17% higher than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 88	Current Contracts 71	Sold Vs. List Price 96.0%	Months of Supply 2.8

Up 22% Vs. Year Ago	Up 22% Vs. Year Ago	Down -0.9% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In June, there was 2.8 months of supply available in Franklin County. The amount of supply is similar compared to a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 88 homes newly listed for sale in Franklin County compared to 72 in June 2024, an increase of 22%. There were 71 current contracts pending sale this June compared to 58 a year ago. The number of current contracts is 22% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in Franklin County was 96.0% of the average list price, which is 0.9% lower than at this time last year. Days on Market This month, the average number of days on market was 38, lower than the average last year, which was 47, a decrease of 19%.



	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by Information included in this report is based on data supplied by the Roanoke Valley Association of REALTORS (RVAR) and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace as some brokerages choose not to provide transaction information. This may result in an understatement of completed sales and available listings. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of RVAR or Long & Foster Real Estate, Inc. or Long & Foster Real Estate, Inc.