Franklin County

In 2024, the Franklin County real estate market showed mixed trends, with rising prices but a slight decline in sales volume across property types. Single-family homes saw a 6.7% increase in median sales price, reaching $375,500, while average sales prices rose 8.25% to $397,759. However, units sold dropped slightly by 1.6%, totaling 446 homes. Condominiums experienced significant growth with a 10% rise in median sales price to $313,500 and a 43.24% increase in units sold, reflecting strong demand.

Multi-family homes saw a 14.7% increase in median sales price but a 6.9% decrease in units sold, indicating limited inventory. Land prices declined, with a 3.74% drop in median sales price to $90,000 and a 20.37% decrease in units sold.

Over the past eight years, median prices for single-family homes have steadily risen from $215,000 in 2017 to $375,500 in 2024 – a 75% increase. However, units sold have decreased from 672 units in 2021 to 446 in 2024, likely due to limited inventory and rising costs.

Towns like Fairfield, Franklin, and Fletcher saw the most significant growth, with Fairfield’s median sales price rising by 68.89% to $442,500, Franklin’s by 32.10% to $350,000, and Fletcher’s by 33.33% to $540,000. St. Albans led sales with 121 units sold, while Swanton saw notable median sales price appreciation (+17.42%) and 73 closed sales. Days on market(DOM) varied across towns, with Bakersfield and Fairfax seeing relatively short DOM, while Montgomery and Richford experienced extended market exposure. Overall, Franklin County’s market remains strong, but inventory constraints and price increases continue to shape buyer behavior.