FRANKLIN COUNTY HOUSING MARKET DATA

There was a decrease in total units sold in July, with 69 sold this month in Franklin County Real Estate versus 73 last month, a decrease of 5%. This month's total units sold was higher than at this time last year, an increase of 6% versus July 2024.

Versus last year, the total number of homes available this month is higher by 44 units or 28%. The total number of active inventory this July was 203 compared to 159 in July 2024. This month's total of 203 is lower than the previous month's total supply of available inventory of 207, a decrease of 2%.

Last July, the median sale price for Franklin County Homes was $469,900. This July, the median sale price was $480,000, an increase of 2% or $10,100 compared to last year. The current median sold price is 6% higher than in June.

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

In July, there was 2.9 months of supply available in Franklin County, compared to 2.4 in July 2024. That is an increase of 20% versus 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 93 homes newly listed for sale in Franklin County compared to 79 in July 2024, an increase of 18%. There were 66 current contracts pending sale this July compared to 57 a year ago. The number of current contracts remained stable as compared to last July.

In July, the average sale price in Franklin County was 98.2% of the average list price, which is 0.9% higher than at this time last year.

This month, the average number of days on market was 50, higher than the average last year, which was 30, an increase of 67%.





FOCUS ON: FRANKLIN COUNTY HOUSING MARKET			JULY 2025

Units Sold 69	Active Inventory 203	Median Sale Price $480,000	Days On Market 50

Up 6% Vs. Year Ago	Up 28% Vs. Year Ago	Up 2% Vs. Year Ago	Up 67% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 69 sold this month in Franklin County Real Estate versus 73 last month, a decrease of 5%. This month's total units sold was higher than at this time last year, an increase of 6% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 44 units or 28%. The total number of active inventory this July was 203 compared to 159 in July 2024. This month's total of 203 is lower than the previous month's total supply of available inventory of 207, a decrease of 2%.
		Median Sale Price Last July, the median sale price for Franklin County Homes was $469,900. This July, the median sale price was $480,000, an increase of 2% or $10,100 compared to last year. The current median sold price is 6% higher than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 93	Current Contracts 66	Sold Vs. List Price 98.2%	Months of Supply 2.9

Up 18% Vs. Year Ago	Up 16% Vs. Year Ago	Up 0.9% Vs. Year Ago	Up 20% Vs. Year Ago


		Months of Supply In July, there was 2.9 months of supply available in Franklin County, compared to 2.4 in July 2024. That is an increase of 20% versus 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 93 homes newly listed for sale in Franklin County compared to 79 in July 2024, an increase of 18%. There were 66 current contracts pending sale this July compared to 57 a year ago. The number of current contracts remained stable as compared to last July.
		Sale Price to List Price Ratio In July, the average sale price in Franklin County was 98.2% of the average list price, which is 0.9% higher than at this time last year. Days on Market This month, the average number of days on market was 50, higher than the average last year, which was 30, an increase of 67%.



	*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.