Tuesday, January 21, 2025

Franklin home prices surge during 2024

"The median sale price of single-family homes in Franklin, MA hit a record high of $727,000 in 2024. In the last 4 years, the median sale price of Franklin single-family homes has surged 44%, a value gain that was completely unforeseen by real estate experts at the start of the COVID pandemic in 2020.

The gain is all the more impressive given the sharp rise in mortgage interest rates that began in 2022. The current 30-year fixed-rate mortgage stands at an average of nearly 7%, more than double the 3% rate average last seen in January of 2022."


Continue to read the 2024 Franklin homes sales report as prepared by realtor Warren Reynolds. https://02038.com/2025/01/franklin-home-prices-surge/

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