There is lots of good news for the housing market in Franklin County. Still the most affordable of the counties in this report, sales of single-family homes and condos surged this year. This was fueled by a 15% increase in homes listed for sale. The data by city/town shows a clear correlation between the increase in inventory and the increase in closed sales. St. Albans, Swanton, Georgia, and Enosburg lead the way, while sales and inventory dropped sharply in Fairfax. The new inventory to market bodes well for buyers’ options in their home search.
| Single-Family January-June 2024 | ||||
|---|---|---|---|---|
| Median Sale Price: | Average Sale Price: | Units Sold: | Newly Listed: | Days on Market: |
| $369,000 5.4% | $384,663 +7.3% | 197 +8.2% | 316 +14.5% | 46 +2.2% |
| Condos January-June 2024 | ||||
|---|---|---|---|---|
| Median Sale Price: | Average Sale Price: | Units Sold: | Newly Listed: | Days on Market: |
| $314,000 +10.2% | $320,127 +6.1% | 28 +100.0% | 28 -9.7% | 21 +162.5% |
| SINGLE-FAMILY SALE PRICE | MEDIAN | VS 2023 | UNITS SOLD | VS 2023 | NEWLY LISTED | VS 2023 | DAYS ON MARKET |
|---|---|---|---|---|---|---|---|
| Bakersfield | $289,000 | 27.2% | 7 | 75.0% | 9 | 80.0% | 14 |
| Berkshire | $251,000 | -8.1% | 5 | 25.0% | 10 | 100.0% | 18 |
| Enosburg | $286,500 | -10.2% | 12 | 71.4% | 14 | 0.0% | 58 |
| Fairfax | $500,000 | -4.4% | 19 | -40.6% | 25 | -24.2% | 26 |
| Fairfield | $511,950 | -104.8% | 8 | 60.0% | 13 | 62.5% | 47 |
| Fletcher | $369,000 | 41.0% | 3 | 200.0% | 4 | -33.3% | 43 |
| Franklin | $339,000 | 3.7% | 4 | -42.9% | 8 | -11.1% | 15 |
| Georgia | $464,000 | -4.3% | 17 | 21.4% | 25 | 19.1% | 27 |
| Highgate | $376,000 | -1.6% | 5 | -44.4% | 21 | 0.0% | 10 |
| Montgomery | $280,000 | 30.7% | 9 | 350.0% | 11 | 37.5% | 77 |
| Richford | $192,000 | -1.1% | 12 | -14.3% | 19 | -9.5% | 64 |
| Sheldon | $320,700 | -0.2% | 10 | 66.7% | 15 | 36.4% | 36 |
| St. Albans | $375,000 | -10.3% | 51 | 4.1% | 92 | 24.3% | 51 |
| Swanton | $375,000 | -23.0% | 35 | 25.0% | 50 | 25.0% | 60 |